StockNews.com Lowers Natural Gas Services Group (NYSE:NGS) to Sell

StockNews.com lowered shares of Natural Gas Services Group (NYSE:NGS) from a hold rating to a sell rating in a report released on Thursday.

Separately, Raymond James assumed coverage on Natural Gas Services Group in a research report on Wednesday, August 7th. They set a strong-buy rating and a $27.00 price target on the stock.

Natural Gas Services Group Stock Down 0.8 %

Shares of NYSE:NGS opened at $19.25 on Thursday. The company has a market cap of $239.41 million, a price-to-earnings ratio of 25.33 and a beta of 1.09. Natural Gas Services Group has a one year low of $10.00 and a one year high of $25.24. The firm has a fifty day moving average price of $19.78 and a two-hundred day moving average price of $19.71. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.23 and a quick ratio of 2.46.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings results on Wednesday, May 15th. The oil and gas company reported $0.41 EPS for the quarter. Natural Gas Services Group had a net margin of 7.21% and a return on equity of 4.35%. The firm had revenue of $36.91 million for the quarter.

Insiders Place Their Bets

In related news, CEO Justin Jacobs bought 2,500 shares of the stock in a transaction dated Friday, June 14th. The stock was bought at an average price of $19.08 per share, with a total value of $47,700.00. Following the purchase, the chief executive officer now owns 2,862 shares in the company, valued at approximately $54,606.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.93% of the company’s stock.

Hedge Funds Weigh In On Natural Gas Services Group

Hedge funds and other institutional investors have recently modified their holdings of the company. White Pine Capital LLC increased its holdings in Natural Gas Services Group by 6.4% during the 4th quarter. White Pine Capital LLC now owns 50,666 shares of the oil and gas company’s stock valued at $815,000 after purchasing an additional 3,036 shares during the period. AJOVista LLC purchased a new position in shares of Natural Gas Services Group during the fourth quarter valued at approximately $38,000. Jump Financial LLC purchased a new stake in Natural Gas Services Group in the fourth quarter worth $175,000. Tower Research Capital LLC TRC lifted its stake in Natural Gas Services Group by 6,586.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,343 shares of the oil and gas company’s stock worth $54,000 after acquiring an additional 3,293 shares during the period. Finally, Assenagon Asset Management S.A. boosted its holdings in Natural Gas Services Group by 4.5% in the first quarter. Assenagon Asset Management S.A. now owns 50,755 shares of the oil and gas company’s stock valued at $986,000 after acquiring an additional 2,182 shares in the last quarter. 65.62% of the stock is owned by institutional investors.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.