Zacks Investment Research downgraded shares of Natural Gas Services Group, Inc. (NYSE:NGS) from a hold rating to a sell rating in a research note released 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. “

Several other research analysts also recently issued reports on NGS. Seaport Global Securities reissued a buy rating on shares of Natural Gas Services Group in a research report on Friday, August 4th. Imperial Capital began coverage on shares of Natural Gas Services Group in a research report on Wednesday, August 23rd. They set an outperform rating and a $27.00 price objective on the stock. Finally, ValuEngine raised shares of Natural Gas Services Group from a sell rating to a hold rating in a research report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $31.25.

Shares of Natural Gas Services Group (NYSE NGS) opened at 28.40 on Wednesday. The firm has a 50-day moving average of $24.03 and a 200 day moving average of $25.58. The stock has a market capitalization of $367.41 million, a price-to-earnings ratio of 110.08 and a beta of 1.26. Natural Gas Services Group has a 12-month low of $20.65 and a 12-month high of $34.50.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $16.03 million. During the same period in the previous year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. Equities analysts forecast that Natural Gas Services Group will post $0.18 earnings per share for the current fiscal year.

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In other news, VP James R. Hazlett sold 12,350 shares of Natural Gas Services Group stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $28.02, for a total value of $346,047.00. Following the sale, the vice president now owns 50,375 shares of the company’s stock, valued at $1,411,507.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen Charles Taylor sold 12,000 shares of Natural Gas Services Group stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $24.99, for a total transaction of $299,880.00. Following the completion of the sale, the chief executive officer now directly owns 284,245 shares in the company, valued at approximately $7,103,282.55. The disclosure for this sale can be found here. 6.88% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Bank of America Corp DE boosted its holdings in shares of Natural Gas Services Group by 29.0% in the first quarter. Bank of America Corp DE now owns 5,239 shares of the oil and gas company’s stock valued at $137,000 after acquiring an additional 1,178 shares in the last quarter. American International Group Inc. boosted its holdings in shares of Natural Gas Services Group by 7.1% in the first quarter. American International Group Inc. now owns 7,594 shares of the oil and gas company’s stock valued at $198,000 after acquiring an additional 504 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Natural Gas Services Group by 4.0% in the second quarter. Nisa Investment Advisors LLC now owns 9,070 shares of the oil and gas company’s stock valued at $235,000 after acquiring an additional 350 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of Natural Gas Services Group by 10.7% in the second quarter. Voya Investment Management LLC now owns 9,464 shares of the oil and gas company’s stock valued at $235,000 after acquiring an additional 916 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Natural Gas Services Group in the first quarter valued at about $266,000. 89.28% of the stock is currently owned by institutional investors and hedge funds.

Natural Gas Services Group Company Profile

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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