Natural Gas Services Group (NYSE:NGS) Downgraded to Sell Rating by StockNews.com

StockNews.com cut shares of Natural Gas Services Group (NYSE:NGS) from a hold rating to a sell rating in a research note released on Tuesday.

Separately, Raymond James assumed coverage on Natural Gas Services Group in a research note on Wednesday, August 7th. They issued a “strong-buy” rating and a $27.00 target price for the company.

Natural Gas Services Group Price Performance

Shares of Natural Gas Services Group stock opened at $25.02 on Tuesday. Natural Gas Services Group has a 1-year low of $12.75 and a 1-year high of $25.24. The firm’s 50-day moving average price is $20.45 and its two-hundred day moving average price is $20.61. The company has a current ratio of 2.34, a quick ratio of 1.66 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $312.00 million, a price-to-earnings ratio of 23.60 and a beta of 1.03.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings results on Wednesday, August 14th. The oil and gas company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Natural Gas Services Group had a return on equity of 5.53% and a net margin of 9.25%. The business had revenue of $38.49 million for the quarter, compared to analyst estimates of $36.79 million. During the same period in the prior year, the company earned $0.10 EPS. On average, equities analysts predict that Natural Gas Services Group will post 1.23 earnings per share for the current fiscal year.

Insider Activity at Natural Gas Services Group

In other news, Director Stephen Charles Taylor sold 3,181 shares of the company’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $22.00, for a total transaction of $69,982.00. Following the transaction, the director now owns 548,387 shares of the company’s stock, valued at $12,064,514. This represents a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold a total of 13,158 shares of company stock valued at $303,350 over the last quarter. Corporate insiders own 7.25% of the company’s stock.

Institutional Trading of Natural Gas Services Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Management LLC boosted its stake in shares of Natural Gas Services Group by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock valued at $121,000 after purchasing an additional 3,564 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Natural Gas Services Group by 54.7% in the third quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock valued at $165,000 after buying an additional 3,056 shares during the period. Acadian Asset Management LLC bought a new position in Natural Gas Services Group in the second quarter valued at approximately $208,000. Rhumbline Advisers grew its holdings in Natural Gas Services Group by 2,513.0% during the 2nd quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock worth $243,000 after acquiring an additional 11,610 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Natural Gas Services Group during the 3rd quarter valued at $261,000. 65.62% of the stock is owned by institutional investors.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.