Natural Gas Services Group (NYSE:NGS) Stock Rating Lowered by StockNews.com

Natural Gas Services Group (NYSE:NGS) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

Natural Gas Services Group Stock Up 2.9 %

Shares of NGS opened at $22.47 on Tuesday. The company has a market capitalization of $280.59 million, a P/E ratio of 17.55 and a beta of 1.13. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. Natural Gas Services Group has a one year low of $16.70 and a one year high of $29.74. The business’s 50 day simple moving average is $25.78 and its 200-day simple moving average is $23.91.

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

Insiders Place Their Bets

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 19,400 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total transaction of $558,720.00. Following the transaction, the director now owns 438,387 shares of the company’s stock, valued at approximately $12,625,545.60. This represents a 4.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 7.25% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NGS. MetLife Investment Management LLC raised its stake in Natural Gas Services Group by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock worth $121,000 after buying an additional 3,564 shares during the period. SG Americas Securities LLC bought a new position in Natural Gas Services Group during the fourth quarter worth about $128,000. Wells Fargo & Company MN grew its holdings in Natural Gas Services Group by 31.5% during the fourth quarter. Wells Fargo & Company MN now owns 6,022 shares of the oil and gas company’s stock worth $161,000 after purchasing an additional 1,443 shares during the period. BNP Paribas Financial Markets grew its holdings in Natural Gas Services Group by 54.7% during the third quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock worth $165,000 after purchasing an additional 3,056 shares during the period. Finally, FCA Corp TX bought a new stake in shares of Natural Gas Services Group during the fourth quarter worth approximately $188,000. Institutional investors and hedge funds own 65.62% of the company’s stock.

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.