Natural Gas Services Group, Inc. (NYSE:NGS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors 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. “

A number of other research firms also recently issued reports on NGS. Seaport Global Securities reissued a “neutral” rating on shares of Natural Gas Services Group in a research report on Friday, August 19th. TheStreet downgraded Natural Gas Services Group from a “buy” rating to a “hold” rating in a research report on Monday, August 15th. Finally, Lake Street Capital raised their price objective on Natural Gas Services Group from $25.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, August 5th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $29.00.

Natural Gas Services Group (NYSE:NGS) opened at 27.60 on Wednesday. The stock has a market cap of $355.16 million, a price-to-earnings ratio of 41.88 and a beta of 0.89. The firm has a 50-day moving average price of $23.91 and a 200-day moving average price of $23.71. Natural Gas Services Group has a 12 month low of $15.96 and a 12 month high of $27.95.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Natural Gas Services Group had a return on equity of 3.78% and a net margin of 10.64%. The business had revenue of $16.20 million for the quarter, compared to the consensus estimate of $17.39 million. During the same quarter in the prior year, the company earned $0.20 EPS. The business’s revenue was down 23.6% compared to the same quarter last year. Equities research analysts expect that Natural Gas Services Group will post $0.41 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Group LTD boosted its stake in Natural Gas Services Group by 4.8% in the third quarter. BlackRock Group LTD now owns 4,497 shares of the company’s stock worth $110,000 after buying an additional 207 shares during the period. Panagora Asset Management Inc. boosted its stake in Natural Gas Services Group by 135.0% in the second quarter. Panagora Asset Management Inc. now owns 5,508 shares of the company’s stock worth $126,000 after buying an additional 3,164 shares during the period. BlackRock Advisors LLC boosted its stake in Natural Gas Services Group by 2.5% in the second quarter. BlackRock Advisors LLC now owns 6,503 shares of the company’s stock worth $149,000 after buying an additional 156 shares during the period. A.R.T. Advisors LLC acquired a new stake in Natural Gas Services Group during the second quarter worth approximately $203,000. Finally, Monarch Partners Asset Management LLC acquired a new stake in Natural Gas Services Group during the second quarter worth approximately $204,000. Institutional investors own 89.31% of the company’s stock.

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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