StockNews.com Downgrades Natural Gas Services Group (NYSE:NGS) to Hold


Natural Gas Services Group (NYSE:NGSGet Rating) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Natural Gas Services Group Trading Down 1.8 %

NYSE NGS traded down $0.20 on Friday, hitting $11.13. 87,911 shares of the stock were exchanged, compared to its average volume of 43,992. Natural Gas Services Group has a 52-week low of $9.11 and a 52-week high of $15.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.95 and a quick ratio of 1.10. The company has a market capitalization of $137.24 million, a price-to-earnings ratio of -26.50 and a beta of 1.42. The company’s 50-day moving average price is $10.82 and its two-hundred day moving average price is $11.07.

Natural Gas Services Group (NYSE:NGSGet Rating) last posted its quarterly earnings data on Monday, November 14th. The oil and gas company reported ($0.01) earnings per share for the quarter. Natural Gas Services Group had a negative return on equity of 0.91% and a negative net margin of 6.87%. The firm had revenue of $20.74 million for the quarter.

Insiders Place Their Bets

In other Natural Gas Services Group news, Director Leslie Ann Beyer sold 3,000 shares of Natural Gas Services Group stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $11.05, for a total transaction of $33,150.00. Following the transaction, the director now directly owns 8,148 shares in the company, valued at approximately $90,035.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 6.54% of the company’s stock.

Hedge Funds Weigh In On Natural Gas Services Group

Institutional investors and hedge funds have recently modified their holdings of the stock. White Pine Capital LLC lifted its stake in shares of Natural Gas Services Group by 32.3% in the 3rd quarter. White Pine Capital LLC now owns 106,940 shares of the oil and gas company’s stock valued at $1,074,000 after purchasing an additional 26,085 shares during the last quarter. Victory Capital Management Inc. lifted its stake in shares of Natural Gas Services Group by 31.2% in the 3rd quarter. Victory Capital Management Inc. now owns 123,021 shares of the oil and gas company’s stock valued at $1,235,000 after purchasing an additional 29,220 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of Natural Gas Services Group by 9.8% in the 3rd quarter. Ritholtz Wealth Management now owns 20,233 shares of the oil and gas company’s stock valued at $203,000 after purchasing an additional 1,810 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Natural Gas Services Group in the 2nd quarter valued at $267,000. Finally, Renaissance Technologies LLC lifted its stake in shares of Natural Gas Services Group by 2.4% in the 2nd quarter. Renaissance Technologies LLC now owns 524,442 shares of the oil and gas company’s stock valued at $5,769,000 after purchasing an additional 12,081 shares during the last quarter. 80.25% of the stock is currently owned by hedge funds and other institutional investors.

About Natural Gas Services Group

(Get Rating)

Natural Gas Services Group, Inc provides natural gas compression services and equipment to the energy industry in the United States. It fabricates, manufactures, rents, and sells natural gas compressors and related equipment. 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.

Further Reading

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