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Equities research analysts at Wunderlich started coverage on shares of Natural Gas Services Group (NYSE: NGS) in a research note issued to investors on Friday, Analyst Ratings Network.com reports. The firm set a “buy” rating and a $28.00 price target on the stock. Wunderlich’s price target would suggest a potential upside of 20.95% from the company’s current price.

The analysts wrote, “We are initiating coverage of Natural Gas Services Group, Inc. (NGS) with a Buy rating and $28 price target. NGS is a leading provider of small-to-medium horsepower compression equipment and industrial flare systems to E&P companies in the U.S. The company has grown its rental fleet over the past few years, even with the difficult domestic natural gas market in order to expand toward the oil- and liquids-rich plays; NGS also manufactures and services units. The company has seen improved utilization and pricing levels through its push into the more active basins and continues to grow its rental fleet to capture more market share. With a strong balance sheet that can both weather any downturns and expand if demand increases, we like the stability and optionality of NGS.”

Separately, analysts at Global Hunter Securities raised their price target on shares of Natural Gas Services Group from $23.00 to $27.00 in a research note to investors on Friday, May 10th. They now have a “buy” rating on the stock.

Shares of Natural Gas Services Group (NYSE: NGS) opened at 23.15 on Friday. Natural Gas Services Group has a one year low of $13.27 and a one year high of $23.93. The stock’s 50-day moving average is currently $22.94. The company has a market cap of $286.3 million and a P/E ratio of 21.84.

Natural Gas Services Group (NYSE: NGS) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.06. Analysts expect that Natural Gas Services Group will post $1.20 EPS for the current fiscal year.

Natural Gas Services Group, Inc (NYSE: NGS) is a provider of small to medium horsepower compression equipment to the natural gas industry.

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