Natural Gas Services Group (NGS) Receiving Favorable Press Coverage, Analysis Finds
Media stories about Natural Gas Services Group (NYSE:NGS) have been trending positive recently, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Natural Gas Services Group earned a news impact score of 0.37 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 49.0107126585492 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Natural Gas Services Group (NYSE NGS) opened at $25.65 on Friday. Natural Gas Services Group has a fifty-two week low of $22.40 and a fifty-two week high of $34.50. The stock has a market cap of $331.94, a P/E ratio of 142.50 and a beta of 1.33.
Natural Gas Services Group (NYSE:NGS) last issued its earnings results on Thursday, November 2nd. The oil and gas company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). The firm had revenue of $15.91 million for the quarter, compared to analyst estimates of $18.05 million. Natural Gas Services Group had a return on equity of 0.98% and a net margin of 3.41%. Natural Gas Services Group’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.12 earnings per share. equities research analysts expect that Natural Gas Services Group will post 0.16 EPS for the current fiscal year.
A number of analysts have recently issued reports on NGS shares. Seaport Global Securities reiterated a “buy” rating on shares of Natural Gas Services Group in a report on Friday, August 4th. Zacks Investment Research downgraded shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Imperial Capital started coverage on shares of Natural Gas Services Group in a report on Wednesday, August 23rd. They issued an “outperform” rating and a $27.00 price objective on the stock. Finally, ValuEngine upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $32.67.
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In related news, VP James R. Hazlett sold 12,350 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $28.02, for a total transaction of $346,047.00. Following the transaction, the vice president now directly owns 50,375 shares in the company, valued at $1,411,507.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Stephen Charles Taylor sold 3,874 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $28.58, for a total transaction of $110,718.92. The disclosure for this sale can be found here. 6.88% of the stock is currently owned by insiders.
About Natural Gas Services Group
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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