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 on Saturday.

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. “

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

Natural Gas Services Group (NYSE:NGS) traded down $0.35 during midday trading on Friday, hitting $27.45. The stock had a trading volume of 24,972 shares, compared to its average volume of 26,144. The company has a market capitalization of $355.13 million, a P/E ratio of 155.28 and a beta of 1.32. Natural Gas Services Group has a 52-week low of $21.50 and a 52-week high of $34.50.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). Natural Gas Services Group had a net margin of 3.41% and a return on equity of 0.98%. The firm had revenue of $15.91 million for the quarter, compared to the consensus estimate of $18.05 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The company’s revenue was down 1.7% compared to the same quarter last year. sell-side analysts expect that Natural Gas Services Group will post 0.19 earnings per share for the current fiscal year.

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In other news, CEO Stephen Charles Taylor sold 3,874 shares of the company’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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP James R. Hazlett sold 12,350 shares of the company’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $28.02, for a total value of $346,047.00. Following the transaction, the vice president now directly owns 50,375 shares in the company, valued at approximately $1,411,507.50. The disclosure for this sale can be found here. 6.88% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. raised its stake in shares of Natural Gas Services Group by 33.3% during the 2nd quarter. Franklin Resources Inc. now owns 928,700 shares of the oil and gas company’s stock valued at $23,078,000 after purchasing an additional 232,000 shares during the period. Northern Trust Corp raised its stake in shares of Natural Gas Services Group by 6.6% during the 2nd quarter. Northern Trust Corp now owns 575,993 shares of the oil and gas company’s stock valued at $14,313,000 after purchasing an additional 35,559 shares during the period. Vanguard Group Inc. raised its stake in shares of Natural Gas Services Group by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 569,428 shares of the oil and gas company’s stock valued at $14,151,000 after purchasing an additional 14,127 shares during the period. Punch & Associates Investment Management Inc. raised its stake in shares of Natural Gas Services Group by 1.2% during the 2nd quarter. Punch & Associates Investment Management Inc. now owns 372,960 shares of the oil and gas company’s stock valued at $9,268,000 after purchasing an additional 4,275 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Natural Gas Services Group by 18.9% during the 1st quarter. Renaissance Technologies LLC now owns 314,400 shares of the oil and gas company’s stock valued at $8,190,000 after purchasing an additional 49,900 shares during the period. Institutional investors own 88.99% of the company’s stock.

Natural Gas Services Group Company Profile

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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