Natural Gas Services Group, Inc. (NYSE:NGS) has received an average recommendation of “Buy” from the six research firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $69.50.

A number of analysts have recently weighed in on the company. Zacks Investment Research raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Seaport Global Securities set a $24.00 price objective on Natural Gas Services Group and gave the company a “buy” rating in a research note on Friday, August 17th. Finally, ValuEngine raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd.

Shares of NGS opened at $20.47 on Friday. The company has a market capitalization of $270.87 million, a price-to-earnings ratio of 186.09 and a beta of 1.32. Natural Gas Services Group has a 1 year low of $17.50 and a 1 year high of $29.35.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings data on Thursday, November 8th. The oil and gas company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $16.40 million during the quarter, compared to analyst estimates of $18.27 million. Natural Gas Services Group had a return on equity of 0.41% and a net margin of 29.40%. As a group, equities analysts expect that Natural Gas Services Group will post 0.1 EPS for the current year.

In other news, CEO Stephen Charles Taylor sold 13,776 shares of the stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $22.01, for a total transaction of $303,209.76. Following the completion of the sale, the chief executive officer now owns 330,438 shares of the company’s stock, valued at $7,272,940.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders have sold 18,402 shares of company stock valued at $407,009. Insiders own 6.61% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Putnam Investments LLC bought a new position in shares of Natural Gas Services Group during the second quarter valued at approximately $1,409,000. FMR LLC raised its holdings in shares of Natural Gas Services Group by 39.7% during the second quarter. FMR LLC now owns 504,400 shares of the oil and gas company’s stock valued at $11,904,000 after acquiring an additional 143,274 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of Natural Gas Services Group by 20.6% during the second quarter. Russell Investments Group Ltd. now owns 87,037 shares of the oil and gas company’s stock valued at $2,054,000 after acquiring an additional 14,872 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Natural Gas Services Group by 9.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 72,782 shares of the oil and gas company’s stock valued at $1,718,000 after acquiring an additional 6,086 shares in the last quarter. Finally, Strs Ohio raised its holdings in shares of Natural Gas Services Group by 9.8% during the second quarter. Strs Ohio now owns 29,200 shares of the oil and gas company’s stock valued at $689,000 after acquiring an additional 2,600 shares in the last quarter. Institutional investors own 90.01% of the company’s stock.

About Natural Gas Services Group

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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