Natural Gas Services Group (NYSE:NGS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.

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. “

A number of other equities analysts have also recently issued reports on NGS. ValuEngine upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, June 21st. Seaport Global Securities set a $24.00 price objective on shares of Natural Gas Services Group and gave the stock a “buy” rating in a research report on Friday, August 17th. Finally, Argus upped their price objective on shares of Natural Gas Services Group from $106.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, June 25th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Natural Gas Services Group currently has an average rating of “Buy” and an average target price of $55.33.

NGS stock opened at $19.19 on Thursday. The company has a market cap of $253.35 million, a P/E ratio of 174.45 and a beta of 1.35. Natural Gas Services Group has a 1 year low of $18.65 and a 1 year high of $29.35.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings data on Thursday, August 9th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). The company had revenue of $18.20 million for the quarter, compared to analyst estimates of $17.54 million. Natural Gas Services Group had a return on equity of 0.53% and a net margin of 30.05%. Analysts anticipate that Natural Gas Services Group will post 0.11 earnings per share for the current year.

In other Natural Gas Services Group news, CEO Stephen Charles Taylor sold 2,704 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $22.02, for a total value of $59,542.08. Following the completion of the transaction, the chief executive officer now directly owns 320,566 shares in the company, valued at approximately $7,058,863.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last 90 days, insiders sold 21,106 shares of company stock valued at $466,551. Corporate insiders own 6.61% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in NGS. California Public Employees Retirement System increased its position in Natural Gas Services Group by 10.8% in the 1st quarter. California Public Employees Retirement System now owns 32,587 shares of the oil and gas company’s stock valued at $777,000 after acquiring an additional 3,187 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Natural Gas Services Group by 38.2% in the 1st quarter. Russell Investments Group Ltd. now owns 72,165 shares of the oil and gas company’s stock valued at $1,722,000 after purchasing an additional 19,965 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Natural Gas Services Group by 17.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 61,856 shares of the oil and gas company’s stock valued at $1,460,000 after purchasing an additional 8,970 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Natural Gas Services Group by 14.2% in the 2nd quarter. Victory Capital Management Inc. now owns 60,755 shares of the oil and gas company’s stock valued at $1,434,000 after purchasing an additional 7,541 shares during the last quarter. Finally, Boston Partners boosted its stake in shares of Natural Gas Services Group by 50.6% in the 2nd quarter. Boston Partners now owns 92,909 shares of the oil and gas company’s stock valued at $2,193,000 after purchasing an additional 31,200 shares during the last quarter. Hedge funds and other institutional investors own 90.89% of the company’s stock.

Natural Gas Services Group Company Profile

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.

Featured Article: Day Trading

Get a free copy of the Zacks research report on Natural Gas Services Group (NGS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Natural Gas Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Gas Services Group and related companies with MarketBeat.com's FREE daily email newsletter.