Shares of Natural Gas Services Group Inc. (NYSE:NGS) dropped 6.1% on Wednesday . The stock traded as low as $23.60 and last traded at $23.64, with a volume of 77,443 shares traded. The stock had previously closed at $25.18.

NGS has been the subject of several recent analyst reports. Zacks Investment Research downgraded Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 11th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Natural Gas Services Group in a report on Friday, August 19th. TheStreet cut Natural Gas Services Group from a “buy” rating to a “hold” rating in a report on Monday, August 15th. Sidoti initiated coverage on Natural Gas Services Group in a report on Wednesday, June 8th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Lake Street Capital upped their target price on Natural Gas Services Group from $25.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Natural Gas Services Group presently has an average rating of “Buy” and a consensus target price of $28.75.

The company has a market capitalization of $304.18 million and a P/E ratio of 31.99. The firm’s 50 day moving average is $24.78 and its 200 day moving average is $22.40.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The firm earned $17.20 million during the quarter, compared to the consensus estimate of $19.23 million. The business’s quarterly revenue was down 29.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.28 EPS. Equities analysts expect that Natural Gas Services Group Inc. will post $0.49 EPS for the current year.

In related news, VP James R. Hazlett sold 3,500 shares of Natural Gas Services Group stock in a transaction on Thursday, June 23rd. The stock was sold at an average price of $23.92, for a total transaction of $83,720.00. Following the completion of the sale, the vice president now owns 64,223 shares of the company’s stock, valued at $1,536,214.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David L. Bradshaw sold 2,500 shares of Natural Gas Services Group stock in a transaction on Thursday, June 23rd. The shares were sold at an average price of $24.35, for a total value of $60,875.00. Following the sale, the director now directly owns 16,548 shares of the company’s stock, valued at approximately $402,943.80. The disclosure for this sale can be found here.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.