Natural Gas Services Group (NYSE:NGS) Stock Crosses Above 200 Day Moving Average of $15.89

Natural Gas Services Group, Inc. (NYSE:NGS)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $15.89 and traded as high as $24.24. Natural Gas Services Group shares last traded at $23.94, with a volume of 118,225 shares traded.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus raised their price target on shares of Natural Gas Services Group from $18.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, April 3rd.

Natural Gas Services Group Stock Performance

The stock has a market capitalization of $287.61 million, a PE ratio of 60.84 and a beta of 1.16. The company’s 50-day moving average price is $18.61 and its 200 day moving average price is $16.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.67 and a current ratio of 2.33.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NGS. Tower Research Capital LLC TRC increased its stake in Natural Gas Services Group by 45.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,944 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 921 shares in the last quarter. JPMorgan Chase & Co. grew its position in Natural Gas Services Group by 10,497.1% during the second quarter. JPMorgan Chase & Co. now owns 3,603 shares of the oil and gas company’s stock valued at $36,000 after buying an additional 3,569 shares during the period. AJOVista LLC bought a new stake in Natural Gas Services Group during the fourth quarter valued at approximately $38,000. Barclays PLC bought a new stake in Natural Gas Services Group during the third quarter valued at approximately $39,000. Finally, Acadian Asset Management LLC bought a new stake in Natural Gas Services Group during the first quarter valued at approximately $40,000. 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.