Rating for Natural Gas Services Group (NYSE:NGS) downgraded to “Sell” at StockNews.com

Natural Gas Services Group (NYSE:NGS – Get a Free Report) was downgraded by research analysts at StockNews.com from “hold” to “sell” in a research report published on Thursday.

Separately, Raymond James initiated coverage on shares of Natural Gas Services Group in a research report on Wednesday. They gave the stock a “strong buy” rating and a $27.00 price target.

Check out our latest report on Natural Gas Services Group

Price development of Natural Gas Services Group shares

Natural Gas Services Group shares fell $0.15 on Thursday, reaching $19.25. 22,751 shares of the company traded hands, compared to its average volume of 72,248. The company has a debt-to-equity ratio of 0.71, a current debt ratio of 2.46 and a current account ratio of 3.23. The company has a 50-day moving average of $19.78 and a 200-day moving average of $19.65. Natural Gas Services Group has a 52-week low of $10.00 and a 52-week high of $25.24. The stock has a market cap of $239.41 million, a price-to-earnings ratio of 25.42 and a beta of 1.09.

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 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 for the quarter.

Insider buying and selling

In other Natural Gas Services Group news, CEO Justin Jacobs purchased 2,500 shares of the company’s stock on Friday, June 14. The shares were acquired at an average price of $19.08 per share, for a total transaction of $47,700.00. Following the completion of the transaction, the CEO now owns 2,862 shares of the company’s stock, valued at approximately $54,606.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. 6.93% of the shares are currently owned by company insiders.

Hedge funds comment on Natural Gas Services Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings in Natural Gas Services Group by 32.4% in the 1st quarter. Russell Investments Group Ltd. now owns 172,221 shares of the oil and gas company’s stock worth $3,346,000 after buying an additional 42,099 shares in the last quarter. Ancora Advisors LLC increased its holdings in Natural Gas Services Group by 163.7% in the 1st quarter. Ancora Advisors LLC now owns 83,830 shares of the oil and gas company’s stock worth $1,629,000 after buying an additional 52,040 shares in the last quarter. Jump Financial LLC acquired a new position in Natural Gas Services Group in the 4th quarter valued at about $175,000. Tower Research Capital LLC TRC increased its holdings in Natural Gas Services Group by 6,586.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,343 shares of the oil and gas company’s stock valued at $54,000 after acquiring an additional 3,293 shares in the last quarter. Finally, White Pine Capital LLC increased its holdings in shares of Natural Gas Services Group by 6.4% in the 4th quarter. White Pine Capital LLC now owns 50,666 shares of the oil and gas company’s stock valued at $815,000 after acquiring an additional 3,036 shares during the period. 65.62% of the shares are currently owned by institutional investors and hedge funds.

About Natural Gas Services Group

(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 lease or sale and designs, manufactures and sells a range of frames, cylinders and parts for natural gas reciprocating compressors.