Zacks Investment Research upgraded shares of Natural Gas Services Group (NYSE:NGS) from a sell rating to a hold rating in a research note published on Tuesday.

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. “

Shares of Natural Gas Services Group (NYSE NGS) traded up $0.15 during trading on Tuesday, hitting $28.80. 21,761 shares of the stock traded hands, compared to its average volume of 28,915. The firm has a market capitalization of $372.60, a P/E ratio of 160.00 and a beta of 1.28. Natural Gas Services Group has a twelve month low of $22.40 and a twelve month high of $31.30.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $15.91 million during the quarter, compared to analyst estimates of $18.05 million. Natural Gas Services Group had a return on equity of 0.98% and a net margin of 3.41%. The company’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.12 EPS. analysts expect that Natural Gas Services Group will post 0.16 EPS for the current year.

In other news, Director John Chisholm sold 3,900 shares of the firm’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $26.05, for a total value of $101,595.00. Following the sale, the director now owns 29,232 shares in the company, valued at $761,493.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO G Larry Lawrence sold 6,000 shares of the firm’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $25.23, for a total transaction of $151,380.00. Following the completion of the sale, the chief financial officer now owns 39,478 shares in the company, valued at approximately $996,029.94. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,012 shares of company stock worth $762,626. 6.88% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Franklin Resources Inc. boosted its stake in Natural Gas Services Group by 33.3% during the second quarter. Franklin Resources Inc. now owns 928,700 shares of the oil and gas company’s stock worth $23,078,000 after buying an additional 232,000 shares in the last quarter. Northern Trust Corp boosted its stake in Natural Gas Services Group by 6.6% during the second quarter. Northern Trust Corp now owns 575,993 shares of the oil and gas company’s stock worth $14,313,000 after buying an additional 35,559 shares in the last quarter. Vanguard Group Inc. boosted its stake in Natural Gas Services Group by 2.5% during the second quarter. Vanguard Group Inc. now owns 569,428 shares of the oil and gas company’s stock worth $14,151,000 after buying an additional 14,127 shares in the last quarter. Spitfire Capital LLC boosted its stake in Natural Gas Services Group by 6.2% during the third quarter. Spitfire Capital LLC now owns 394,497 shares of the oil and gas company’s stock worth $11,204,000 after buying an additional 23,096 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its stake in Natural Gas Services Group by 1.2% during the second quarter. Punch & Associates Investment Management Inc. now owns 372,960 shares of the oil and gas company’s stock worth $9,268,000 after buying an additional 4,275 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

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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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