Natural Gas Services Group (NYSE:NGS – Get a Free Report) was upgraded by StockNews.com from “sell” to “hold” in a research note issued to investors on Friday.
Separately, Raymond James assumed coverage on shares of Natural Gas Services Group in a report on Wednesday, August 7. They gave the stock a “strong-buy” rating and a $27.00 price target.
Check out our latest analysis on Natural Gas Services Group
Share price development of Natural Gas Services Group
Natural Gas Services Group stock opened at $21.72 on Friday. The stock’s 50-day moving average is $19.71 and its 200-day moving average is $19.81. Natural Gas Services Group has a one year low of $10.28 and a one year high of $25.24. The company has a market cap of $270.13 million, a P/E ratio of 28.58 and a beta of 1.09. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.23 and a quick ratio of 2.46.
Natural Gas Services Group (NYSE:NGS – Get Free Report) last released its quarterly earnings results on Wednesday, May 15. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter. Natural Gas Services Group had a net margin of 7.21% and a return on equity of 4.35%. The company posted revenue of $36.91 million during the quarter.
Insider buying and selling
In other Natural Gas Services Group news, CEO Justin Jacobs bought 2,500 shares of the company’s stock on Friday, June 14. The shares were purchased at an average price of $19.08 per share, for a total value of $47,700.00. Following the completion of the purchase, the CEO now owns 2,862 shares of the company’s stock, valued at $54,606.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC’s website. 6.93% of the shares are currently owned by insiders.
Institutional investors comment on Natural Gas Services Group
Several hedge funds and other institutional investors have recently bought and sold shares of NGS. AJOVista LLC acquired a new position in shares of Natural Gas Services Group during the fourth quarter valued at around $38,000. Tower Research Capital LLC TRC increased its stake in Natural Gas Services Group by 6,586.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,343 shares of the oil and gas company’s stock valued at $54,000 after purchasing an additional 3,293 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Natural Gas Services Group during the second quarter valued at $208,000. Jump Financial LLC acquired a new position in shares of Natural Gas Services Group during the fourth quarter valued at $175,000. Finally, Rhumbline Advisers increased its holdings in shares of Natural Gas Services Group by 2,513.0% during the second quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock valued at $243,000 after purchasing an additional 11,610 shares in the last quarter. 65.62% of the shares are owned by institutional investors.
Natural Gas Services Group Company Profile
(Get free report)
Natural Gas Services Group, Inc. provides natural gas compression equipment and services to the energy industry in the United States. The company designs and manufactures, operates, leases and services natural gas compressors for oil and natural gas production and facilities. In addition, the company designs, manufactures and assembles compressor units for rental or sale and designs, manufactures and sells a range of frames, cylinders and parts for natural gas reciprocating compressors.
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