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

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 subject of a number of other reports. Seaport Global Securities reaffirmed a “neutral” rating on shares of Natural Gas Services Group in a research note on Friday, August 19th. Lake Street Capital lifted their price target on shares of Natural Gas Services Group from $25.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, August 5th. Finally, TheStreet cut shares of Natural Gas Services Group from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $28.75.

Natural Gas Services Group (NYSE:NGS) opened at 24.05 on Wednesday. Natural Gas Services Group has a 52 week low of $15.96 and a 52 week high of $26.74. The company has a market cap of $309.45 million, a P/E ratio of 32.54 and a beta of 0.79. The firm’s 50 day moving average is $23.97 and its 200-day moving average is $23.44.

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

A number of institutional investors have recently bought and sold shares of NGS. Franklin Resources Inc. increased its position in Natural Gas Services Group by 4.9% in the first quarter. Franklin Resources Inc. now owns 213,000 shares of the company’s stock valued at $4,607,000 after buying an additional 10,000 shares during the last quarter. Royce & Associates LP increased its position in Natural Gas Services Group by 7.5% in the first quarter. Royce & Associates LP now owns 171,166 shares of the company’s stock valued at $3,702,000 after buying an additional 12,000 shares during the last quarter. Menta Capital LLC bought a new position in Natural Gas Services Group during the first quarter valued at about $267,000. Nisa Investment Advisors LLC increased its position in 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. Finally, Strs Ohio increased its position in Natural Gas Services Group by 47.7% in the second quarter. Strs Ohio now owns 26,000 shares of the company’s stock valued at $595,000 after buying an additional 8,400 shares during the last quarter. 89.66% of the stock is currently owned by institutional investors and hedge funds.

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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