Natural Gas Services Group (NYSE:NGS) Downgraded by StockNews.com to “Sell”

Natural Gas Services Group (NYSE:NGS) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

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

Natural Gas Services Group Stock Down 0.4 %

Shares of NYSE:NGS traded down $0.11 during midday trading on Tuesday, hitting $24.33. 53,384 shares of the stock were exchanged, compared to its average volume of 65,300. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.66 and a current ratio of 2.34. The company has a market capitalization of $303.33 million, a PE ratio of 22.95 and a beta of 1.03. Natural Gas Services Group has a 52-week low of $12.75 and a 52-week high of $25.24. The business’s fifty day simple moving average is $20.15 and its two-hundred day simple moving average is $20.54.

Natural Gas Services Group (NYSE:NGS) last posted its earnings results on Wednesday, August 14th. The oil and gas company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $38.49 million for the quarter, compared to the consensus estimate of $36.79 million. Natural Gas Services Group had a net margin of 9.25% and a return on equity of 5.53%. During the same period in the prior year, the business posted $0.10 earnings per share. As a group, research analysts predict that Natural Gas Services Group will post 1.23 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 4,690 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $22.14, for a total transaction of $103,836.60. Following the completion of the transaction, the director now owns 551,568 shares in the company, valued at $12,211,715.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.25% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in shares of Natural Gas Services Group in the second quarter valued at approximately $208,000. Rhumbline Advisers increased its holdings in shares of Natural Gas Services Group by 2,513.0% in the second quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock valued at $243,000 after purchasing an additional 11,610 shares in the last quarter. Perritt Capital Management Inc. increased its holdings in shares of Natural Gas Services Group by 51.0% in the first quarter. Perritt Capital Management Inc. now owns 15,100 shares of the oil and gas company’s stock valued at $293,000 after purchasing an additional 5,100 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of Natural Gas Services Group by 3.2% in the third quarter. GSA Capital Partners LLP now owns 18,070 shares of the oil and gas company’s stock valued at $345,000 after purchasing an additional 557 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Natural Gas Services Group by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,148 shares of the oil and gas company’s stock valued at $595,000 after purchasing an additional 1,485 shares in the last quarter. Institutional investors own 65.62% of the company’s stock.

Natural Gas Services Group Company Profile

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.