Imperial Capital started coverage on shares of Natural Gas Services Group, Inc. (NYSE:NGS) in a report issued on Wednesday morning. The firm issued an outperform rating and a $27.00 price objective on the oil and gas company’s stock.

NGS has been the subject of a number of other research reports. Seaport Global Securities restated a buy rating on shares of Natural Gas Services Group in a research report on Friday, August 4th. ValuEngine upgraded Natural Gas Services Group from a sell rating to a hold rating in a research report on Wednesday, May 31st. Finally, Zacks Investment Research upgraded Natural Gas Services Group from a sell rating to a hold rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $31.25.

Natural Gas Services Group (NGS) opened at 23.35 on Wednesday. The stock has a market capitalization of $302.08 million, a price-to-earnings ratio of 90.50 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. The company has a 50 day moving average of $24.51 and a 200 day moving average of $26.06.

Natural Gas Services Group (NYSE:NGS) last issued its earnings results on Thursday, August 3rd. The oil and gas company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by $0.04. The firm had revenue of $16.20 million during the quarter, compared to analyst estimates of $16.03 million. Natural Gas Services Group had a return on equity of 1.41% and a net margin of 4.85%. Natural Gas Services Group’s revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. On average, equities analysts predict that Natural Gas Services Group will post $0.19 EPS for the current year.

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In other news, CEO Stephen Charles Taylor sold 12,000 shares of the business’s stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $24.99, for a total transaction of $299,880.00. Following the sale, the chief executive officer now directly owns 284,245 shares of the company’s stock, valued at $7,103,282.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David L. Bradshaw sold 2,540 shares of the business’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $23.60, for a total value of $59,944.00. Following the sale, the director now directly owns 18,000 shares in the company, valued at $424,800. The disclosure for this sale can be found here. Insiders sold a total of 16,040 shares of company stock worth $400,114 in the last three months. Company insiders own 6.53% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN increased its position in shares of Natural Gas Services Group by 18.2% in the first quarter. Wells Fargo & Company MN now owns 28,665 shares of the oil and gas company’s stock worth $747,000 after buying an additional 4,420 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Natural Gas Services Group during the first quarter worth $623,000. Renaissance Technologies LLC increased its position in shares of Natural Gas Services Group by 18.9% in the first quarter. Renaissance Technologies LLC now owns 314,400 shares of the oil and gas company’s stock worth $8,190,000 after buying an additional 49,900 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of Natural Gas Services Group by 20.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 104,568 shares of the oil and gas company’s stock worth $2,724,000 after buying an additional 17,616 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Natural Gas Services Group by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 567,437 shares of the oil and gas company’s stock worth $14,781,000 after buying an additional 14,359 shares in the last quarter. Institutional investors and hedge funds own 82.89% 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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