Natural Gas Services Group (NYSE:NGS) Lowered to “Hold” Rating by Zacks Research

Natural Gas Services Group (NYSE:NGS) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other research analysts also recently weighed in on the stock. Raymond James Financial increased their price objective on shares of Natural Gas Services Group from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Weiss Ratings lowered shares of Natural Gas Services Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, Stifel Nicolaus increased their price target on Natural Gas Services Group from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $50.50.

Natural Gas Services Group Trading Up 2.7%

Natural Gas Services Group stock opened at $37.74 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.01 and a quick ratio of 1.77. Natural Gas Services Group has a one year low of $24.13 and a one year high of $44.60. The stock has a market capitalization of $486.85 million, a PE ratio of 23.44 and a beta of 0.42. The business’s fifty day moving average is $39.62 and its 200 day moving average is $38.96.

Natural Gas Services Group (NYSE:NGS) last issued its earnings results on Monday, August 10th. The oil and gas company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $51.40 million during the quarter, compared to analyst estimates of $50.24 million. Natural Gas Services Group had a return on equity of 8.10% and a net margin of 10.81%. On average, sell-side analysts predict that Natural Gas Services Group will post 1.91 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NGS. Zions Bancorporation National Association UT bought a new position in Natural Gas Services Group in the fourth quarter worth approximately $27,000. State of Wyoming bought a new stake in shares of Natural Gas Services Group during the 2nd quarter valued at $36,000. State of Alaska Department of Revenue purchased a new stake in shares of Natural Gas Services Group in the 4th quarter worth $30,000. Legal & General Group Plc purchased a new stake in shares of Natural Gas Services Group in the 2nd quarter worth $50,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Natural Gas Services Group in the 4th quarter worth $106,000. 65.62% of the stock is currently owned by institutional investors.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc (NYSE: NGS) is an energy infrastructure company specializing in natural gas distribution and compression services across the United States. The company operates two primary lines of business: the Distribution segment provides natural gas delivery to residential, commercial and industrial customers, while the Compression Services segment rents, sells and services a diversified fleet of compression equipment for midstream and industrial applications.

In its Distribution segment, Natural Gas Services Group engineers, constructs and maintains local pipeline networks, meters and related apparatus to ensure safe and reliable natural gas supply to municipal utilities and private customers.