Natural Gas Services Group Upgraded to “Neutral” by Zacks (NGS)
Natural Gas Services Group (NYSE:NGS) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Monday. The firm currently has a $33.80 price objective on the stock. Zacks‘s price objective indicates a potential upside of 2.61% from the stock’s previous close.
Natural Gas Services Group (NYSE:NGS) traded down 0.73% on Monday, hitting $32.70. 9,346 shares of the company’s stock traded hands. Natural Gas Services Group has a 52 week low of $23.77 and a 52 week high of $34.96. The stock has a 50-day moving average of $31.20 and a 200-day moving average of $30.18. The company has a market cap of $407.4 million and a price-to-earnings ratio of 31.08.
Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.23 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.23. The company had revenue of $22.30 million for the quarter, compared to the consensus estimate of $23.03 million. Analysts expect that Natural Gas Services Group will post $1.19 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Capital One Financial Corp. upgraded shares of Natural Gas Services Group from an “equal weight” rating to an “overweight” rating in a research note on Thursday, May 29th.
Natural Gas Services Group, Inc (NYSE:NGS), is a provider of small to medium horsepower compression equipment to the natural gas industry.
To view Zacks’ full report, visit Zacks’ official website.
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