Seaport Global Securities set a $23.00 price objective on Natural Gas Services Group (NYSE:NGS) in a report issued on Friday. The firm currently has a buy rating on the oil and gas company’s stock.

Separately, Zacks Investment Research upgraded shares of Natural Gas Services Group from a sell rating to a hold rating in a research note on Thursday, October 18th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Natural Gas Services Group presently has a consensus rating of Buy and an average target price of $55.00.

Natural Gas Services Group stock traded up $0.68 during mid-day trading on Friday, reaching $19.61. 58,343 shares of the company traded hands, compared to its average volume of 32,219. Natural Gas Services Group has a fifty-two week low of $17.50 and a fifty-two week high of $29.35. The firm has a market capitalization of $248.31 million, a price-to-earnings ratio of 178.27 and a beta of 1.31.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings results on Thursday, November 8th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.02. Natural Gas Services Group had a net margin of 29.40% and a return on equity of 0.41%. The business had revenue of $16.40 million for the quarter, compared to analyst estimates of $18.27 million. Equities research analysts anticipate that Natural Gas Services Group will post 0.1 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the company. Strs Ohio increased its stake in shares of Natural Gas Services Group by 9.8% in the second quarter. Strs Ohio now owns 29,200 shares of the oil and gas company’s stock worth $689,000 after acquiring an additional 2,600 shares during the period. California Public Employees Retirement System increased its stake in shares of Natural Gas Services Group by 8.8% in the second quarter. California Public Employees Retirement System now owns 35,445 shares of the oil and gas company’s stock worth $837,000 after acquiring an additional 2,858 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Natural Gas Services Group by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,091,390 shares of the oil and gas company’s stock worth $25,756,000 after acquiring an additional 3,095 shares during the period. MetLife Investment Advisors LLC increased its stake in shares of Natural Gas Services Group by 51.3% in the third quarter. MetLife Investment Advisors LLC now owns 10,054 shares of the oil and gas company’s stock worth $212,000 after acquiring an additional 3,411 shares during the period. Finally, Segall Bryant & Hamill LLC increased its stake in shares of Natural Gas Services Group by 24.1% in the second quarter. Segall Bryant & Hamill LLC now owns 29,897 shares of the oil and gas company’s stock worth $706,000 after acquiring an additional 5,797 shares during the period. Hedge funds and other institutional investors own 90.40% of the company’s stock.

Natural Gas Services Group Company Profile

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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