Natural Gas Services Group (NYSE:NGS) Given New $47.00 Price Target at Stifel Nicolaus

Natural Gas Services Group (NYSE:NGS – Get Free Report) had its target price raised by analysts at Stifel Nicolaus from $44.00 to $47.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the oil and gas company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 12.49% from the company’s previous close.

Several other brokerages have also weighed in on NGS. Raymond James Financial lowered Natural Gas Services Group from a “strong-buy” rating to an “outperform” rating and raised their target price for the stock from $34.00 to $42.00 in a research report on Tuesday, January 13th. Zacks Research cut shares of Natural Gas Services Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 24th. Three investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $44.50.

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Natural Gas Services Group Stock Down 1.7%

Shares of NYSE:NGS traded down $0.72 during trading hours on Wednesday, reaching $41.78. The stock had a trading volume of 13,892 shares, compared to its average volume of 118,987. Natural Gas Services Group has a 1 year low of $22.72 and a 1 year high of $43.27. The firm’s 50 day moving average is $38.65 and its 200-day moving average is $35.00. The stock has a market capitalization of $526.01 million, a price-to-earnings ratio of 24.18 and a beta of 0.43. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.49 and a current ratio of 2.33.

Natural Gas Services Group (NYSE:NGS – Get Free Report) last posted its earnings results on Monday, May 11th. The oil and gas company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.45 by $0.08. The firm had revenue of $48.47 million for the quarter, compared to analyst estimates of $47.09 million. Natural Gas Services Group had a return on equity of 8.06% and a net margin of 12.17%. Research analysts predict that Natural Gas Services Group will post 1.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Stephen Charles Taylor sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $37.23, for a total value of $1,116,900.00. Following the transaction, the director owned 175,432 shares of the company’s stock, valued at approximately $6,531,333.36. The trade was a 14.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.12% of the company’s stock.

Hedge Funds Weigh In On Natural Gas Services Group

Several institutional investors have recently bought and sold shares of NGS. Weber Capital Management LLC ADV acquired a new stake in shares of Natural Gas Services Group in the 4th quarter worth $16,777,000. Phocas Financial Corp. acquired a new position in shares of Natural Gas Services Group during the fourth quarter worth about $1,470,000. Acuitas Investments LLC raised its holdings in Natural Gas Services Group by 8.2% during the third quarter. Acuitas Investments LLC now owns 216,700 shares of the oil and gas company’s stock worth $6,065,000 after purchasing an additional 16,500 shares in the last quarter. Cannell Capital LLC lifted its position in Natural Gas Services Group by 8.3% in the third quarter. Cannell Capital LLC now owns 359,021 shares of the oil and gas company’s stock valued at $10,049,000 after purchasing an additional 27,405 shares during the period. Finally, Calamos Advisors LLC acquired a new stake in Natural Gas Services Group in the fourth quarter valued at about $698,000. 65.62% of the stock is owned by institutional investors and hedge funds.

Natural Gas Services Group Company Profile

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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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