Seaport Global Securities set a $24.00 target price on Natural Gas Services Group, Inc. Common Stock (NYSE:NGS) in a report released on Friday. The firm currently has a buy rating on the oil and gas company’s stock. Seaport Global Securities also issued estimates for Natural Gas Services Group, Inc. Common Stock’s Q2 2019 earnings at $0.09 EPS, Q3 2019 earnings at $0.13 EPS and Q4 2019 earnings at $0.18 EPS.

A number of other research analysts have also recently commented on the company. ValuEngine upgraded Natural Gas Services Group, Inc. Common Stock from a sell rating to a hold rating in a report on Thursday, August 2nd. Zacks Investment Research cut Natural Gas Services Group, Inc. Common Stock from a buy rating to a hold rating in a report on Saturday, July 21st. Finally, Argus boosted their target price on Natural Gas Services Group, Inc. Common Stock from $106.00 to $115.00 and gave the company a buy rating in a research report on Monday, June 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $48.25.

NGS traded up $0.15 during trading hours on Friday, reaching $21.50. The company’s stock had a trading volume of 27,753 shares, compared to its average volume of 29,545. Natural Gas Services Group, Inc. Common Stock has a fifty-two week low of $21.15 and a fifty-two week high of $29.55. The stock has a market capitalization of $293.14 million, a PE ratio of 195.45 and a beta of 1.18.

Natural Gas Services Group, Inc. Common Stock (NYSE:NGS) last released its quarterly earnings data on Thursday, August 9th. The oil and gas company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). Natural Gas Services Group, Inc. Common Stock had a net margin of 30.05% and a return on equity of 0.53%. The business had revenue of $18.20 million during the quarter, compared to analyst estimates of $17.54 million. equities analysts predict that Natural Gas Services Group, Inc. Common Stock will post 0.29 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in Natural Gas Services Group, Inc. Common Stock by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,091,390 shares of the oil and gas company’s stock valued at $25,756,000 after purchasing an additional 3,095 shares during the period. BlackRock Inc. raised its position in Natural Gas Services Group, Inc. Common Stock by 2.6% in the second quarter. BlackRock Inc. now owns 913,711 shares of the oil and gas company’s stock valued at $21,562,000 after purchasing an additional 23,475 shares during the period. FMR LLC raised its position in Natural Gas Services Group, Inc. Common Stock by 39.7% in the second quarter. FMR LLC now owns 504,400 shares of the oil and gas company’s stock valued at $11,904,000 after purchasing an additional 143,274 shares during the period. Renaissance Technologies LLC raised its position in Natural Gas Services Group, Inc. Common Stock by 9.9% in the second quarter. Renaissance Technologies LLC now owns 421,900 shares of the oil and gas company’s stock valued at $9,957,000 after purchasing an additional 37,911 shares during the period. Finally, Royce & Associates LP raised its position in Natural Gas Services Group, Inc. Common Stock by 33.3% in the second quarter. Royce & Associates LP now owns 330,484 shares of the oil and gas company’s stock valued at $7,799,000 after purchasing an additional 82,500 shares during the period. 88.95% of the stock is currently owned by institutional investors.

About Natural Gas Services Group, Inc. Common Stock

Natural Gas Services Group, Inc provides gas compression equipment and services to the natural gas and oil 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, 2017, it had 2,546 natural gas compressors in its rental fleet totaling 369,961 horsepower.

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