Zacks Investment Research upgraded shares of Natural Gas Services Group Inc. (NYSE:NGS) from a sell rating to a hold rating in a report released on Friday.

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. “

NGS has been the topic of a number of other research reports. Seaport Global Securities reissued a neutral rating on shares of Natural Gas Services Group in a report on Friday, August 19th. Lake Street Capital boosted their price objective on shares of Natural Gas Services Group from $25.00 to $32.00 and gave the stock a buy rating in a report on Friday, August 5th. TheStreet downgraded shares of Natural Gas Services Group from a buy rating to a hold rating in a report on Monday, August 15th. Finally, Sidoti initiated coverage on shares of Natural Gas Services Group in a report on Wednesday, June 8th. They issued a buy rating and a $30.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $28.75.

Shares of Natural Gas Services Group (NYSE:NGS) opened at 23.03 on Friday. The firm has a 50-day moving average of $24.54 and a 200-day moving average of $23.04. Natural Gas Services Group has a 12-month low of $15.96 and a 12-month high of $26.74. The firm has a market cap of $296.33 million, a P/E ratio of 31.16 and a beta of 0.75.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.04. The company had revenue of $17.20 million for the quarter, compared to analysts’ expectations of $19.23 million. Natural Gas Services Group had a return on equity of 4.29% and a net margin of 11.61%. The firm’s quarterly revenue was down 29.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. On average, equities analysts forecast that Natural Gas Services Group will post $0.49 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Panagora Asset Management Inc. increased its position in shares of Natural Gas Services Group by 135.0% in the second quarter. Panagora Asset Management Inc. now owns 5,508 shares of the company’s stock valued at $126,000 after buying an additional 3,164 shares during the last quarter. BlackRock Advisors LLC increased its position in shares of Natural Gas Services Group by 2.5% in the second quarter. BlackRock Advisors LLC now owns 6,503 shares of the company’s stock valued at $149,000 after buying an additional 156 shares during the last quarter. A.R.T. Advisors LLC purchased a new position in shares of Natural Gas Services Group during the second quarter valued at about $203,000. Monarch Partners Asset Management LLC purchased a new position in shares of Natural Gas Services Group during the second quarter valued at about $204,000. Finally, Nisa Investment Advisors LLC increased its position in shares of Natural Gas Services Group by 11.9% in the second quarter. Nisa Investment Advisors LLC now owns 9,400 shares of the company’s stock valued at $215,000 after buying an additional 1,000 shares during the last quarter. 89.66% of the stock is currently owned by institutional investors and hedge funds.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales.

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