Zacks Investment Research cut shares of Natural Gas Services Group (NYSE:NGS) from a buy rating to a hold rating in a research report released on Friday, Zacks.com reports.

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. “

Separately, TheStreet lowered shares of Natural Gas Services Group from a c- rating to a d+ rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Natural Gas Services Group presently has a consensus rating of Buy and an average target price of $16.33.

NYSE:NGS opened at $11.73 on Friday. The firm’s fifty day moving average price is $11.91 and its 200 day moving average price is $12.64. Natural Gas Services Group has a 1-year low of $10.22 and a 1-year high of $19.22. The firm has a market cap of $158.00 million, a price-to-earnings ratio of -13.33 and a beta of 1.33.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings data on Thursday, November 7th. The oil and gas company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.06. Natural Gas Services Group had a negative net margin of 15.46% and a positive return on equity of 1.00%. The firm had revenue of $20.85 million for the quarter, compared to analyst estimates of $19.65 million. As a group, equities research analysts anticipate that Natural Gas Services Group will post 0.2 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of NGS. Russell Investments Group Ltd. boosted its position in shares of Natural Gas Services Group by 40.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 333,802 shares of the oil and gas company’s stock worth $4,276,000 after purchasing an additional 96,580 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Natural Gas Services Group by 11.2% during the 2nd quarter. Renaissance Technologies LLC now owns 537,005 shares of the oil and gas company’s stock worth $8,861,000 after purchasing an additional 54,000 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Natural Gas Services Group during the 2nd quarter worth $510,000. BlackRock Inc. boosted its position in shares of Natural Gas Services Group by 3.2% during the 2nd quarter. BlackRock Inc. now owns 940,085 shares of the oil and gas company’s stock worth $15,512,000 after purchasing an additional 29,562 shares in the last quarter. Finally, Boston Partners boosted its position in shares of Natural Gas Services Group by 30.1% during the 3rd quarter. Boston Partners now owns 120,466 shares of the oil and gas company’s stock worth $1,543,000 after purchasing an additional 27,859 shares in the last quarter. Institutional investors own 89.46% of the company’s stock.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides small to medium horsepower compression equipment to the natural gas 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, 2018, it had 2,572 natural gas compressors in its rental fleet totaling 398,765 horsepower.

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