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

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 equities research analysts have also recently weighed in on the company. Seaport Global Securities reissued a “buy” rating on shares of Natural Gas Services Group in a research note on Friday, August 4th. ValuEngine raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Imperial Capital started coverage on Natural Gas Services Group in a research note on Wednesday, August 23rd. They set an “outperform” rating and a $27.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $32.67.

Natural Gas Services Group (NYSE NGS) opened at 28.55 on Thursday. The stock’s 50 day moving average price is $25.34 and its 200 day moving average price is $25.73. Natural Gas Services Group has a 12 month low of $20.65 and a 12 month high of $34.50. The company has a market capitalization of $369.35 million, a price-to-earnings ratio of 110.66 and a beta of 1.28.

Natural Gas Services Group (NYSE:NGS) last issued its earnings results 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 firm had revenue of $16.20 million during the quarter, compared to the consensus estimate of $16.03 million. During the same period last year, the firm posted $0.10 earnings per share. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. Equities research analysts anticipate that Natural Gas Services Group will post $0.18 earnings per share for the current fiscal year.

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In other Natural Gas Services Group news, CEO Stephen Charles Taylor sold 3,874 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $28.58, for a total transaction of $110,718.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP James R. Hazlett sold 12,350 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $28.02, for a total value of $346,047.00. Following the sale, the vice president now directly owns 50,375 shares in the company, valued at $1,411,507.50. The disclosure for this sale can be found here. Insiders own 6.88% of the company’s stock.

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

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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