Natural Gas Services Group (NYSE:NGS) Downgraded to “Sell” Rating by StockNews.com

StockNews.com cut shares of Natural Gas Services Group (NYSE:NGS) from a hold rating to a sell rating in a report issued on Tuesday.

Natural Gas Services Group Trading Down 7.7 %

Shares of NYSE NGS opened at $21.82 on Tuesday. The stock has a market cap of $272.47 million, a P/E ratio of 17.04 and a beta of 1.13. Natural Gas Services Group has a 52-week low of $16.70 and a 52-week high of $29.74. The firm has a 50 day moving average price of $25.86 and a two-hundred day moving average price of $23.92. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.76.

Natural Gas Services Group (NYSE:NGS) last announced its earnings results on Monday, March 17th. The oil and gas company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Natural Gas Services Group had a net margin of 10.55% and a return on equity of 6.60%. The business had revenue of $40.66 million during the quarter, compared to the consensus estimate of $40.84 million. During the same quarter last year, the firm earned $0.14 earnings per share. As a group, equities analysts forecast that Natural Gas Services Group will post 1.42 EPS for the current year.

Insider Activity

In other news, Director Stephen Charles Taylor sold 19,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total value of $558,720.00. Following the transaction, the director now owns 438,387 shares in the company, valued at $12,625,545.60. This trade represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 7.25% of the company’s stock.

Hedge Funds Weigh In On Natural Gas Services Group

Several large investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its stake in Natural Gas Services Group by 4.5% in the 4th quarter. BNP Paribas Financial Markets now owns 9,040 shares of the oil and gas company’s stock valued at $242,000 after buying an additional 393 shares during the last quarter. GSA Capital Partners LLP grew its stake in Natural Gas Services Group by 3.2% during the third quarter. GSA Capital Partners LLP now owns 18,070 shares of the oil and gas company’s stock valued at $345,000 after acquiring an additional 557 shares in the last quarter. Man Group plc increased its holdings in shares of Natural Gas Services Group by 3.9% in the fourth quarter. Man Group plc now owns 18,574 shares of the oil and gas company’s stock worth $498,000 after purchasing an additional 697 shares during the period. Barclays PLC boosted its position in shares of Natural Gas Services Group by 8.2% during the 4th quarter. Barclays PLC now owns 18,716 shares of the oil and gas company’s stock valued at $502,000 after acquiring an additional 1,415 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Natural Gas Services Group by 4.7% in the 4th quarter. Bank of New York Mellon Corp now owns 32,102 shares of the oil and gas company’s stock worth $860,000 after buying an additional 1,433 shares during the last quarter. 65.62% of the stock is currently owned by institutional investors.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.