Favorable Press Coverage Somewhat Unlikely to Impact Natural Gas Services Group (NGS) Stock Price
News coverage about Natural Gas Services Group (NYSE:NGS) has been trending positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Natural Gas Services Group earned a coverage optimism score of 0.35 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 46.281412259713 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Natural Gas Services Group (NYSE:NGS) traded up 3.73% during trading on Monday, hitting $25.05. 26,733 shares of the stock traded hands. Natural Gas Services Group has a 12 month low of $20.65 and a 12 month high of $34.50. The stock has a market cap of $324.07 million, a PE ratio of 97.09 and a beta of 1.26. The firm’s 50-day moving average price is $24.02 and its 200-day moving average price is $25.61.
Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). Natural Gas Services Group had a return on equity of 1.41% and a net margin of 4.85%. The business had revenue of $16.20 million during the quarter, compared to analysts’ expectations of $16.03 million. During the same period in the previous year, the business earned $0.10 earnings per share. The business’s quarterly revenue was down 5.8% on a year-over-year basis. Analysts anticipate that Natural Gas Services Group will post $0.18 EPS for the current year.
Several analysts have weighed in on the stock. ValuEngine raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 31st. Seaport Global Securities reissued a “buy” rating on shares of Natural Gas Services Group in a research note on Friday, August 4th. Zacks Investment Research downgraded shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Finally, Imperial Capital assumed coverage on shares of Natural Gas Services Group in a research note on Wednesday, August 23rd. They issued an “outperform” rating and a $27.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Natural Gas Services Group has a consensus rating of “Buy” and an average target price of $31.25.
COPYRIGHT VIOLATION NOTICE: “Favorable Press Coverage Somewhat Unlikely to Impact Natural Gas Services Group (NGS) Stock Price” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2017/09/18/favorable-press-coverage-somewhat-unlikely-to-impact-natural-gas-services-group-ngs-stock-price.html.
In other news, CEO Stephen Charles Taylor sold 12,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $24.99, for a total value of $299,880.00. Following the completion of the sale, the chief executive officer now owns 284,245 shares in the company, valued at approximately $7,103,282.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David L. Bradshaw sold 2,540 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $23.60, for a total transaction of $59,944.00. Following the completion of the sale, the director now owns 18,000 shares of the company’s stock, valued at approximately $424,800. The disclosure for this sale can be found here. 6.53% of the stock is currently owned by company 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.
Receive News & Stock Ratings for Natural Gas Services Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Gas Services Group Inc. and related stocks with our FREE daily email newsletter.