According to Zacks, “Natural Gas Services Group, Inc. manufactures, fabricates, sells, rents and services natural gas compressors that enhance the production of natural gas wells. The Company also manufactures and sells flare systems and flare ignition systems for plant and production facilities. “
Other equities research analysts have also issued reports about the stock. Maxim Group started coverage on shares of Natural Gas Services Group in a research report on Friday, January 25th. They issued a buy rating and a $24.00 price objective on the stock. ValuEngine upgraded shares of Natural Gas Services Group from a sell rating to a hold rating in a research report on Friday, March 15th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Natural Gas Services Group currently has a consensus rating of Hold and a consensus price target of $47.25.
Shares of Natural Gas Services Group stock traded down $0.57 on Thursday, hitting $15.63. The company’s stock had a trading volume of 409 shares, compared to its average volume of 26,308. Natural Gas Services Group has a 52-week low of $15.25 and a 52-week high of $24.60. The firm has a market capitalization of $207.98 million, a PE ratio of 197.50 and a beta of 1.29.
Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings data on Thursday, May 9th. The oil and gas company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. Natural Gas Services Group had a net margin of 0.81% and a return on equity of 0.46%. The business had revenue of $17.99 million for the quarter, compared to analyst estimates of $17.46 million. As a group, research analysts forecast that Natural Gas Services Group will post 0.25 earnings per share for the current fiscal year.
In related news, CFO G Larry Lawrence sold 4,000 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $18.39, for a total value of $73,560.00. Following the completion of the transaction, the chief financial officer now owns 46,493 shares of the company’s stock, valued at approximately $855,006.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James R. Hazlett sold 3,000 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $17.26, for a total transaction of $51,780.00. Following the completion of the transaction, the vice president now directly owns 52,682 shares of the company’s stock, valued at approximately $909,291.32. The disclosure for this sale can be found here. Insiders sold a total of 16,399 shares of company stock valued at $292,896 in the last three months. 6.61% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its stake in Natural Gas Services Group by 451.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,612 shares of the oil and gas company’s stock valued at $45,000 after purchasing an additional 2,138 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Natural Gas Services Group by 317.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,486 shares of the oil and gas company’s stock valued at $74,000 after acquiring an additional 3,411 shares during the last quarter. BW Gestao de Investimentos Ltda. acquired a new position in shares of Natural Gas Services Group during the 1st quarter valued at about $94,000. Marshall Wace North America L.P. acquired a new position in shares of Natural Gas Services Group during the 1st quarter valued at about $104,000. Finally, MetLife Investment Advisors LLC increased its stake in shares of Natural Gas Services Group by 51.3% during the 3rd quarter. MetLife Investment Advisors LLC now owns 10,054 shares of the oil and gas company’s stock valued at $212,000 after acquiring an additional 3,411 shares during the last quarter. 90.32% of the stock is owned by hedge funds and other institutional investors.
About Natural Gas Services Group
Natural Gas Services Group, Inc provides small to medium horsepower compression equipment to the natural gas industry in the United States. The company engages in the rental of small to medium horsepower compression equipment to non-conventional natural gas and oil production businesses. As of December 31, 2018, it had 2,572 natural gas compressors in its rental fleet totaling 398,765 horsepower.
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