Natural Gas Services Group (NYSE:NGS – Get Free Report) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.
Separately, Stifel Nicolaus upped their price objective on shares of Natural Gas Services Group from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.
Get Our Latest Report on Natural Gas Services Group
Natural Gas Services Group Trading Down 0.6%
Natural Gas Services Group (NYSE:NGS – Get Free Report) last posted its quarterly earnings data on Monday, May 11th. The oil and gas company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.08. The company had revenue of $48.47 million for the quarter, compared to analysts’ expectations of $47.09 million. Natural Gas Services Group had a net margin of 12.17% and a return on equity of 7.99%. On average, equities analysts forecast that Natural Gas Services Group will post 2.02 EPS for the current fiscal year.
Insider Buying and Selling at Natural Gas Services Group
In other news, Director Stephen Charles Taylor sold 30,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $37.23, for a total transaction of $1,116,900.00. Following the completion of the sale, the director owned 175,432 shares of the company’s stock, valued at approximately $6,531,333.36. This represents a 14.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.12% of the company’s stock.
Institutional Trading of Natural Gas Services Group
Institutional investors have recently made changes to their positions in the stock. Zions Bancorporation National Association UT purchased a new stake in shares of Natural Gas Services Group during the fourth quarter valued at approximately $27,000. State of Alaska Department of Revenue purchased a new stake in shares of Natural Gas Services Group during the fourth quarter valued at approximately $30,000. New York State Common Retirement Fund boosted its stake in shares of Natural Gas Services Group by 106.7% during the third quarter. New York State Common Retirement Fund now owns 3,100 shares of the oil and gas company’s stock valued at $87,000 after purchasing an additional 1,600 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Natural Gas Services Group during the fourth quarter valued at approximately $106,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Natural Gas Services Group during the fourth quarter valued at approximately $114,000. Hedge funds and other institutional investors own 65.62% of the company’s stock.
About Natural Gas Services Group
Natural Gas Services Group, Inc (NYSE: NGS) is an energy infrastructure company specializing in natural gas distribution and compression services across the United States. The company operates two primary lines of business: the Distribution segment provides natural gas delivery to residential, commercial and industrial customers, while the Compression Services segment rents, sells and services a diversified fleet of compression equipment for midstream and industrial applications.
In its Distribution segment, Natural Gas Services Group engineers, constructs and maintains local pipeline networks, meters and related apparatus to ensure safe and reliable natural gas supply to municipal utilities and private customers.
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