Natural Gas Services Group (NGS) Downgraded to Sell at ValuEngine

Natural Gas Services Group (NYSE:NGS) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Monday, February 4th.

Other research analysts have also issued reports about the company. Maxim Group assumed coverage on Natural Gas Services Group in a research report on Friday, January 25th. They issued a “buy” rating and a $24.00 price objective on the stock. Seaport Global Securities set a $23.00 price objective on Natural Gas Services Group and gave the company a “buy” rating in a research report on Friday, December 7th. Finally, Zacks Investment Research upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $47.25.

Natural Gas Services Group stock traded up $0.54 during trading hours on Monday, hitting $19.02. The stock had a trading volume of 23,102 shares, compared to its average volume of 26,451. Natural Gas Services Group has a fifty-two week low of $15.42 and a fifty-two week high of $27.95. The stock has a market cap of $234.93 million, a price-to-earnings ratio of 172.91 and a beta of 1.36.

In related news, Director John Chisholm sold 2,500 shares of the firm’s stock in a transaction on Tuesday, January 8th. The stock was sold at an average price of $18.20, for a total transaction of $45,500.00. Following the sale, the director now owns 13,464 shares of the company’s stock, valued at approximately $245,044.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen Charles Taylor sold 12,789 shares of the firm’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $17.06, for a total value of $218,180.34. Following the sale, the chief executive officer now directly owns 323,382 shares in the company, valued at approximately $5,516,896.92. The disclosure for this sale can be found here. In the last three months, insiders sold 67,186 shares of company stock worth $1,175,151. 6.61% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its holdings in Natural Gas Services Group by 9.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 72,782 shares of the oil and gas company’s stock worth $1,718,000 after purchasing an additional 6,086 shares in the last quarter. BlackRock Inc. increased its holdings in Natural Gas Services Group by 2.6% during the 2nd quarter. BlackRock Inc. now owns 913,711 shares of the oil and gas company’s stock worth $21,562,000 after purchasing an additional 23,475 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Natural Gas Services Group by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,091,390 shares of the oil and gas company’s stock worth $25,756,000 after purchasing an additional 3,095 shares in the last quarter. FMR LLC increased its holdings in Natural Gas Services Group by 39.7% during the 2nd quarter. FMR LLC now owns 504,400 shares of the oil and gas company’s stock worth $11,904,000 after purchasing an additional 143,274 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in Natural Gas Services Group by 8.8% during the 2nd quarter. California Public Employees Retirement System now owns 35,445 shares of the oil and gas company’s stock worth $837,000 after purchasing an additional 2,858 shares in the last quarter. 93.31% of the stock is currently owned by institutional investors and hedge funds.

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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