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

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

Separately, Raymond James initiated coverage on shares of Natural Gas Services Group in a research report on Wednesday. They set a strong-buy rating and a $27.00 price objective for the company.

Natural Gas Services Group Stock Down 0.4 %

Shares of Natural Gas Services Group stock traded down $0.08 during trading on Thursday, hitting $19.32. 22,751 shares of the stock were exchanged, compared to its average volume of 72,248. The stock has a market cap of $240.28 million, a price-to-earnings ratio of 25.42 and a beta of 1.09. The firm’s 50-day moving average price is $19.78 and its 200 day moving average price is $19.65. Natural Gas Services Group has a 12-month low of $10.00 and a 12-month high of $25.24. 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 released its quarterly earnings data on Wednesday, May 15th. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter. The business had revenue of $36.91 million during the quarter. Natural Gas Services Group had a net margin of 7.21% and a return on equity of 4.35%.

Insider Buying and Selling

In related news, CEO Justin Jacobs purchased 2,500 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were purchased at an average cost of $19.08 per share, for a total transaction of $47,700.00. Following the purchase, the chief executive officer now directly owns 2,862 shares of the company’s stock, valued at $54,606.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On Natural Gas Services Group

Several hedge funds and other institutional investors have recently bought and sold shares of NGS. White Pine Capital LLC raised its stake 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 worth $815,000 after acquiring an additional 3,036 shares in the last quarter. AJOVista LLC acquired a new position in Natural Gas Services Group in the fourth quarter valued at $38,000. Jump Financial LLC acquired a new position in Natural Gas Services Group in the fourth quarter valued at $175,000. Tower Research Capital LLC TRC increased 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 valued at $54,000 after purchasing an additional 3,293 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake 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 purchasing an additional 2,182 shares during the period. 65.62% of the stock is currently owned by institutional investors and hedge funds.

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.