Shares of Natural Gas Services Group, Inc. (NYSE:NGS) have been given an average rating of “Buy” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $69.50.

A number of research firms have commented on NGS. Zacks Investment Research upgraded shares of Natural Gas Services Group from a “sell” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Thursday, July 12th. ValuEngine lowered shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, July 11th. Argus boosted their price target on shares of Natural Gas Services Group from $106.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, June 25th. Finally, Seaport Global Securities set a $24.00 price target on shares of Natural Gas Services Group and gave the stock a “buy” rating in a research note on Friday, August 17th.

In other news, CEO Stephen Charles Taylor sold 2,704 shares of the business’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $22.02, for a total transaction of $59,542.08. Following the transaction, the chief executive officer now directly owns 320,566 shares in the company, valued at $7,058,863.32. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 21,106 shares of company stock worth $466,551. Company insiders own 6.61% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Natural Gas Services Group by 0.3% during 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. BlackRock Inc. grew its position in Natural Gas Services Group by 2.6% during the second quarter. BlackRock Inc. now owns 913,711 shares of the oil and gas company’s stock worth $21,562,000 after buying an additional 23,475 shares during the period. FMR LLC grew its position in 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 worth $11,904,000 after buying an additional 143,274 shares during the period. Renaissance Technologies LLC grew its position in Natural Gas Services Group by 9.9% during the second quarter. Renaissance Technologies LLC now owns 421,900 shares of the oil and gas company’s stock worth $9,957,000 after buying an additional 37,911 shares during the period. Finally, Royce & Associates LP grew its position in Natural Gas Services Group by 33.3% during the second quarter. Royce & Associates LP now owns 330,484 shares of the oil and gas company’s stock worth $7,799,000 after buying an additional 82,500 shares during the period. Institutional investors and hedge funds own 90.89% of the company’s stock.

NYSE NGS traded down $0.61 during trading on Friday, reaching $19.90. The company’s stock had a trading volume of 122,984 shares, compared to its average volume of 29,822. The firm has a market cap of $276.13 million, a PE ratio of 180.91 and a beta of 1.35. Natural Gas Services Group has a twelve month low of $19.74 and a twelve month high of $29.35.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings data on Thursday, August 9th. The oil and gas company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The business had revenue of $18.20 million during the quarter, compared to analyst estimates of $17.54 million. Natural Gas Services Group had a net margin of 30.05% and a return on equity of 0.53%. Research analysts anticipate that Natural Gas Services Group will post 0.11 EPS for the current year.

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.

Recommended Story: Book Value Per Share in Stock Trading

Receive News & Ratings for Natural Gas Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Gas Services Group and related companies with MarketBeat.com's FREE daily email newsletter.