Natural Gas Services Group (NYSE:NGS) Shares Pass Above 200 Day Moving Average of $10.37

Natural Gas Services Group, Inc. (NYSE:NGS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.37 and traded as high as $11.29. Natural Gas Services Group shares last traded at $11.15, with a volume of 14,266 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NGS. StockNews.com began coverage on Natural Gas Services Group in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Lake Street Capital raised their price objective on Natural Gas Services Group from $24.00 to $26.00 in a report on Wednesday, May 17th.

Natural Gas Services Group Price Performance

The company has a quick ratio of 0.81, a current ratio of 1.40 and a debt-to-equity ratio of 0.43. The company’s fifty day moving average is $10.47 and its 200 day moving average is $10.38. The stock has a market cap of $138.55 million, a PE ratio of 184.00 and a beta of 1.30.

Natural Gas Services Group (NYSE:NGS) last issued its earnings results on Monday, August 14th. The oil and gas company reported $0.10 EPS for the quarter. Natural Gas Services Group had a negative net margin of 0.01% and a positive return on equity of 0.34%. The business had revenue of $26.96 million for the quarter.

Hedge Funds Weigh In On Natural Gas Services Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC purchased a new stake in shares of Natural Gas Services Group during the second quarter valued at approximately $99,000. Marshall Wace LLP acquired a new stake in Natural Gas Services Group during the 2nd quarter valued at $305,000. Renaissance Technologies LLC increased its stake in Natural Gas Services Group by 10.0% during the 2nd quarter. Renaissance Technologies LLC now owns 521,142 shares of the oil and gas company’s stock worth $5,159,000 after buying an additional 47,243 shares during the period. JPMorgan Chase & Co. lifted its holdings in Natural Gas Services Group by 10,497.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,603 shares of the oil and gas company’s stock worth $36,000 after buying an additional 3,569 shares in the last quarter. Finally, Boston Partners lifted its holdings in Natural Gas Services Group by 5.6% in the 2nd quarter. Boston Partners now owns 58,112 shares of the oil and gas company’s stock worth $575,000 after buying an additional 3,063 shares in the last quarter. 72.18% of the stock is owned by institutional investors and hedge funds.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides natural gas compression services and equipment to the energy industry in the United States. It fabricates, manufactures, rents, sells, and maintains natural gas compressors and flare systems for oil and natural gas production and plant facilities. The company primarily engages in the rental of compression units that provide small, medium, and large horsepower applications for unconventional oil and natural gas production.