Natural Gas Services Group (NGS) Stock Rating Reaffirmed by Seaport Global Securities
Natural Gas Services Group (NYSE:NGS)‘s stock had its “buy” rating reiterated by equities research analysts at Seaport Global Securities in a research report issued to clients and investors on Friday. They presently have a $29.00 price target on the oil and gas company’s stock. Seaport Global Securities’ price target suggests a potential upside of 5.65% from the stock’s current price. Seaport Global Securities also issued estimates for Natural Gas Services Group’s Q1 2018 earnings at $0.02 EPS, Q2 2018 earnings at $0.06 EPS, Q3 2018 earnings at $0.09 EPS, Q4 2018 earnings at $0.13 EPS, FY2018 earnings at $0.30 EPS, Q1 2019 earnings at $0.15 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.20 EPS, Q4 2019 earnings at $0.22 EPS and FY2019 earnings at $0.75 EPS.
Separately, Zacks Investment Research downgraded Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $28.00.
Shares of Natural Gas Services Group (NGS) opened at $27.45 on Friday. The stock has a market capitalization of $342.30, a PE ratio of 18.18 and a beta of 1.27. Natural Gas Services Group has a 1 year low of $22.40 and a 1 year high of $29.55.
In other news, CFO G Larry Lawrence sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $25.23, for a total value of $151,380.00. Following the sale, the chief financial officer now directly owns 39,478 shares of the company’s stock, valued at $996,029.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP James R. Hazlett sold 6,410 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $28.98, for a total value of $185,761.80. Following the completion of the sale, the vice president now directly owns 48,109 shares in the company, valued at $1,394,198.82. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,787 shares of company stock worth $1,016,836. 6.88% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new stake in Natural Gas Services Group during the fourth quarter worth about $174,000. Crestline Management LP acquired a new stake in Natural Gas Services Group during the fourth quarter worth about $417,000. Stone Ridge Asset Management LLC acquired a new stake in Natural Gas Services Group during the fourth quarter worth about $308,000. Deutsche Bank AG grew its position in Natural Gas Services Group by 90.7% during the fourth quarter. Deutsche Bank AG now owns 47,895 shares of the oil and gas company’s stock worth $1,253,000 after buying an additional 22,782 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Natural Gas Services Group by 3.3% during the fourth quarter. Franklin Resources Inc. now owns 977,034 shares of the oil and gas company’s stock worth $25,598,000 after buying an additional 31,012 shares in the last quarter. 90.93% of the stock is currently owned by institutional investors and hedge funds.
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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