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

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

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

Natural Gas Services Group Trading Down 0.4 %

Shares of NYSE NGS opened at $24.33 on Tuesday. Natural Gas Services Group has a twelve month low of $12.75 and a twelve month high of $25.24. 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 fifty day simple moving average of $20.15 and a 200-day simple moving average of $20.54. The stock has a market capitalization of $303.33 million, a PE ratio of 22.95 and a beta of 1.03.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings data on Wednesday, August 14th. The oil and gas company reported $0.34 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $36.79 million. During the same period in the previous year, the firm posted $0.10 earnings per share. On average, equities analysts forecast that Natural Gas Services Group will post 1.23 earnings per share for the current year.

Insiders Place Their Bets

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 3,181 shares of Natural Gas Services Group stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $22.00, for a total transaction of $69,982.00. Following the completion of the sale, the director now directly owns 548,387 shares of the company’s stock, valued at $12,064,514. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 7.25% of the stock is owned by company insiders.

Institutional Trading of Natural Gas Services Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in shares of Natural Gas Services Group in the 2nd quarter valued at about $208,000. Rhumbline Advisers lifted its holdings in shares of Natural Gas Services Group by 2,513.0% in the 2nd 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 during the last quarter. Perritt Capital Management Inc. lifted its holdings in shares of Natural Gas Services Group by 51.0% in the 1st quarter. Perritt Capital Management Inc. now owns 15,100 shares of the oil and gas company’s stock valued at $293,000 after purchasing an additional 5,100 shares during the last quarter. GSA Capital Partners LLP lifted its holdings in shares of Natural Gas Services Group by 3.2% in the 3rd quarter. GSA Capital Partners LLP now owns 18,070 shares of the oil and gas company’s stock valued at $345,000 after purchasing an additional 557 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Natural Gas Services Group by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,148 shares of the oil and gas company’s stock valued at $595,000 after purchasing an additional 1,485 shares during the last quarter. 65.62% of the stock is owned by hedge funds and other 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.