Natural Gas Services Group, Inc. (NYSE:NGS)’s share price hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $17.50 and last traded at $18.81, with a volume of 1240 shares changing hands. The stock had previously closed at $18.10.

Several equities research analysts recently weighed in on NGS shares. ValuEngine upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, Seaport Global Securities set a $24.00 target price on Natural Gas Services Group and gave the stock a “buy” rating in a research note on Friday, August 17th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $55.33.

The company has a market capitalization of $238.58 million, a price-to-earnings ratio of 165.73 and a beta of 1.35.

Natural Gas Services Group (NYSE:NGS) last posted its earnings results on Thursday, August 9th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.04). Natural Gas Services Group had a return on equity of 0.53% and a net margin of 30.05%. The business had revenue of $18.20 million for the quarter, compared to analysts’ expectations of $17.54 million. Sell-side analysts anticipate that Natural Gas Services Group, Inc. will post 0.1 earnings per share for the current year.

In other Natural Gas Services Group news, CEO Stephen Charles Taylor sold 1,306 shares of the business’s stock in a transaction that occurred on Thursday, August 23rd. The stock was sold at an average price of $22.51, for a total value of $29,398.06. Following the completion of the sale, the chief executive officer now owns 319,982 shares in the company, valued at $7,202,794.82. The sale was disclosed in a document filed with the SEC, which is available through this link. In the last quarter, insiders sold 21,106 shares of company stock valued at $466,551. 6.61% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of NGS. California Public Employees Retirement System lifted its stake in Natural Gas Services Group by 10.8% in the first quarter. California Public Employees Retirement System now owns 32,587 shares of the oil and gas company’s stock valued at $777,000 after buying an additional 3,187 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Natural Gas Services Group by 38.2% in the first quarter. Russell Investments Group Ltd. now owns 72,165 shares of the oil and gas company’s stock valued at $1,722,000 after buying an additional 19,965 shares during the last quarter. Wedge Capital Management L L P NC lifted its stake in Natural Gas Services Group by 17.0% in the second quarter. Wedge Capital Management L L P NC now owns 61,856 shares of the oil and gas company’s stock valued at $1,460,000 after buying an additional 8,970 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Natural Gas Services Group by 14.2% in the second quarter. Victory Capital Management Inc. now owns 60,755 shares of the oil and gas company’s stock valued at $1,434,000 after buying an additional 7,541 shares during the last quarter. Finally, Boston Partners lifted its stake in Natural Gas Services Group by 50.6% in the second quarter. Boston Partners now owns 92,909 shares of the oil and gas company’s stock valued at $2,193,000 after buying an additional 31,200 shares during the last quarter. Institutional investors own 90.88% of the company’s stock.

About Natural Gas Services Group (NYSE:NGS)

Natural Gas Services Group, Inc provides gas compression equipment and services to the natural gas and oil industry in the United States. The company engages in the rental of small to medium horsepower compression equipment to non-conventional natural gas and oil production businesses. As of December 31, 2017, it had 2,546 natural gas compressors in its rental fleet totaling 369,961 horsepower.

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