Stifel Nicolaus Boosts Natural Gas Services Group (NYSE:NGS) Price Target to $26.00

Natural Gas Services Group (NYSE:NGSGet Free Report) had its price target raised by stock analysts at Stifel Nicolaus from $18.00 to $26.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the oil and gas company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 14.69% from the stock’s current price.

Natural Gas Services Group Stock Up 12.0 %

NGS stock opened at $22.67 on Wednesday. The company has a market cap of $282.01 million, a price-to-earnings ratio of 59.66 and a beta of 1.16. Natural Gas Services Group has a twelve month low of $9.55 and a twelve month high of $22.84. The business has a 50 day moving average price of $16.75 and a two-hundred day moving average price of $15.23. The company has a quick ratio of 0.91, a current ratio of 1.49 and a debt-to-equity ratio of 0.55.

Hedge Funds Weigh In On Natural Gas Services Group

A number of institutional investors have recently bought and sold shares of NGS. Mill Road Capital Management LLC boosted its position in Natural Gas Services Group by 16.5% during the fourth quarter. Mill Road Capital Management LLC now owns 822,008 shares of the oil and gas company’s stock worth $9,420,000 after purchasing an additional 116,149 shares during the period. EAM Investors LLC acquired a new stake in Natural Gas Services Group during the third quarter worth approximately $1,451,000. BlackRock Inc. boosted its holdings in shares of Natural Gas Services Group by 26.1% during the third quarter. BlackRock Inc. now owns 399,819 shares of the oil and gas company’s stock worth $4,015,000 after acquiring an additional 82,871 shares during the period. Renaissance Technologies LLC grew its position in shares of Natural Gas Services Group by 10.0% in the second quarter. Renaissance Technologies LLC now owns 521,142 shares of the oil and gas company’s stock valued at $5,159,000 after purchasing an additional 47,243 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its holdings in Natural Gas Services Group by 6.5% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 628,309 shares of the oil and gas company’s stock worth $9,148,000 after purchasing an additional 38,387 shares during the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.

Natural Gas Services Group Company Profile

(Get Free Report)

Natural Gas Services Group, Inc provides natural gas compression services and equipment to the energy industry in the United States. It fabricates, manufactures, rents, sells, and maintains natural gas compressors and flare systems for oil and natural gas production and plant facilities. The company primarily engages in the rental of compression units that provide small, medium, and large horsepower applications for unconventional oil and natural gas production.

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