Shares of Natural Gas Services Group, Inc. (NYSE:NGS) have earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $34.33.

A number of analysts have recently weighed in on the company. ValuEngine lowered Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research lowered Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd.

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Shares of Natural Gas Services Group (NGS) opened at 25.80 on Friday. The company has a 50-day moving average of $25.27 and a 200 day moving average of $27.06. The firm has a market cap of $333.77 million, a P/E ratio of 80.62 and a beta of 1.23. Natural Gas Services Group has a 12-month low of $20.65 and a 12-month high of $34.50.

Natural Gas Services Group (NYSE:NGS) last announced its earnings results on Thursday, May 4th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.04. Natural Gas Services Group had a net margin of 6.06% and a return on equity of 1.80%. The business had revenue of $18.92 million during the quarter, compared to analyst estimates of $15.80 million. During the same quarter last year, the business posted $0.20 earnings per share. The business’s quarterly revenue was down 12.4% compared to the same quarter last year. Equities analysts predict that Natural Gas Services Group will post $0.28 EPS for the current year.

In related news, CEO Stephen Charles Taylor sold 12,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $24.99, for a total value of $299,880.00. Following the transaction, the chief executive officer now owns 284,245 shares in the company, valued at $7,103,282.55. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William F. Hughes, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $26.86, for a total value of $40,290.00. Following the completion of the transaction, the director now owns 37,563 shares in the company, valued at approximately $1,008,942.18. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,440 shares of company stock worth $411,318. 6.88% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its position in Natural Gas Services Group by 6.0% in the fourth quarter. State Street Corp now owns 243,800 shares of the oil and gas company’s stock valued at $7,840,000 after buying an additional 13,779 shares in the last quarter. Renaissance Technologies LLC boosted its position in Natural Gas Services Group by 1.9% in the fourth quarter. Renaissance Technologies LLC now owns 264,500 shares of the oil and gas company’s stock valued at $8,504,000 after buying an additional 4,900 shares in the last quarter. Teachers Advisors LLC boosted its position in Natural Gas Services Group by 0.8% in the fourth quarter. Teachers Advisors LLC now owns 30,140 shares of the oil and gas company’s stock valued at $969,000 after buying an additional 225 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in Natural Gas Services Group during the fourth quarter valued at about $265,000. Finally, WCM Investment Management CA boosted its position in Natural Gas Services Group by 39.8% in the first quarter. WCM Investment Management CA now owns 159,757 shares of the oil and gas company’s stock valued at $4,162,000 after buying an additional 45,475 shares in the last quarter. Institutional investors and hedge funds own 87.97% 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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