Natural Gas Services Group (NYSE:NGS) Stock Passes Above Two Hundred Day Moving Average of $16.23

Natural Gas Services Group, Inc. (NYSE:NGS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.23 and traded as high as $24.45. Natural Gas Services Group shares last traded at $24.21, with a volume of 85,125 shares.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus boosted their price objective on Natural Gas Services Group from $18.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd.

Natural Gas Services Group Stock Performance

The company has a quick ratio of 1.67, a current ratio of 2.33 and a debt-to-equity ratio of 0.70. The company has a 50-day moving average price of $19.12 and a 200-day moving average price of $16.23. The firm has a market capitalization of $301.17 million, a price-to-earnings ratio of 63.71 and a beta of 1.16.

Institutional Investors Weigh In On Natural Gas Services Group

Institutional investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. bought a new position in shares of Natural Gas Services Group in the third quarter valued at $534,000. Barclays PLC bought a new position in shares of Natural Gas Services Group in the third quarter valued at $39,000. Boston Partners increased its holdings in shares of Natural Gas Services Group by 13.4% in the third quarter. Boston Partners now owns 65,915 shares of the oil and gas company’s stock valued at $960,000 after buying an additional 7,803 shares in the last quarter. White Pine Capital LLC increased its holdings in shares of Natural Gas Services Group by 25.6% in the third quarter. White Pine Capital LLC now owns 47,630 shares of the oil and gas company’s stock valued at $693,000 after buying an additional 9,722 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its holdings in shares of Natural Gas Services Group by 6.5% in the third quarter. Pacific Ridge Capital Partners LLC now owns 628,309 shares of the oil and gas company’s stock valued at $9,148,000 after buying an additional 38,387 shares in the last quarter. 65.62% of the stock is currently owned by institutional investors and hedge funds.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.