Natural Gas Services Group, Inc. (NYSE:NGS) Rating Lowered to Sell at Zacks Investment Research

Natural Gas Services Group, Inc. (NYSE:NGS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, November 4th.

According to Zacks, “Natural Gas Services Group, Inc. manufactures, fabricates, sells, rents and services natural gas compressors that enhance the production of natural gas wells. The Company also manufactures and sells flare systems and flare ignition systems for plant and production facilities. “

Other equities research analysts also recently issued reports about the company. Seaport Global Securities reiterated a “buy” rating on shares of Natural Gas Services Group in a report on Friday, August 4th. ValuEngine downgraded Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Finally, Imperial Capital began coverage on Natural Gas Services Group in a report on Wednesday, August 23rd. They issued an “outperform” rating and a $27.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Natural Gas Services Group presently has a consensus rating of “Hold” and a consensus target price of $32.67.

Shares of Natural Gas Services Group (NYSE:NGS) traded down $0.80 during midday trading on Friday, hitting $25.65. The stock had a trading volume of 14,300 shares, compared to its average volume of 39,950. Natural Gas Services Group has a 12-month low of $22.40 and a 12-month high of $34.50. The stock has a market capitalization of $342.30, a P/E ratio of 146.94 and a beta of 1.33.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Natural Gas Services Group had a return on equity of 0.98% and a net margin of 3.41%. The business had revenue of $15.91 million during the quarter, compared to analysts’ expectations of $18.05 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. research analysts expect that Natural Gas Services Group will post 0.16 earnings per share for the current fiscal year.

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In other Natural Gas Services Group news, CEO Stephen Charles Taylor sold 3,874 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $28.58, for a total transaction of $110,718.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP James R. Hazlett sold 12,350 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $28.02, for a total value of $346,047.00. Following the transaction, the vice president now owns 50,375 shares in the company, valued at $1,411,507.50. The disclosure for this sale can be found here. Company insiders own 6.88% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its holdings in Natural Gas Services Group by 33.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 219,132 shares of the oil and gas company’s stock worth $5,445,000 after purchasing an additional 55,100 shares during the period. Wells Fargo & Company MN increased its holdings in Natural Gas Services Group by 18.2% during the 1st quarter. Wells Fargo & Company MN now owns 28,665 shares of the oil and gas company’s stock worth $747,000 after purchasing an additional 4,420 shares during the period. Sterling Capital Management LLC purchased a new position in Natural Gas Services Group during the 2nd quarter worth $838,000. Vanguard Group Inc. increased its holdings in Natural Gas Services Group by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 555,301 shares of the oil and gas company’s stock worth $14,466,000 after purchasing an additional 9,793 shares during the period. Finally, Menta Capital LLC boosted its position in Natural Gas Services Group by 12.3% during the 2nd quarter. Menta Capital LLC now owns 66,060 shares of the oil and gas company’s stock valued at $1,642,000 after acquiring an additional 7,230 shares in the last quarter. Institutional investors own 90.58% of the company’s stock.

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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