Natural Gas Services Group Downgraded to “Neutral” at Zacks (NGS)
Natural Gas Services Group (NYSE:NGS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Wednesday, AnalystRatingsNetwork reports. They currently have a $30.40 target price on the stock. Zacks‘ price objective would suggest a potential upside of 19.50% from the company’s current price.
Separately, analysts at Wunderlich raised their price target on shares of Natural Gas Services Group from $28.00 to $30.00 in a research note to investors on Friday, August 9th. They now have a “buy” rating on the stock.
Natural Gas Services Group (NYSE:NGS) traded down 0.20% during mid-day trading on Wednesday, hitting $25.39. The stock had a trading volume of 23,924 shares. Natural Gas Services Group has a 52 week low of $13.66 and a 52 week high of $28.25. The stock’s 50-day moving average is $26.99 and its 200-day moving average is $23.82. The company has a market cap of $314.6 million and a price-to-earnings ratio of 22.49.
Natural Gas Services Group (NYSE:NGS) last announced its earnings results on Thursday, August 8th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.03. On average, analysts predict that Natural Gas Services Group will post $1.28 earnings per share 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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