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

StockNews.com upgraded shares of Natural Gas Services Group (NYSE:NGS) from a sell rating to a hold rating in a research note issued to investors on Wednesday.

Separately, Raymond James assumed coverage on shares of Natural Gas Services Group in a report on Wednesday, August 7th. They issued a “strong-buy” rating and a $27.00 target price on the stock.

Natural Gas Services Group Stock Up 2.4 %

NYSE:NGS opened at $27.88 on Wednesday. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.65. The stock’s 50 day moving average price is $21.18 and its two-hundred day moving average price is $20.74. Natural Gas Services Group has a twelve month low of $12.75 and a twelve month high of $28.31. The firm has a market capitalization of $347.66 million, a price-to-earnings ratio of 21.78 and a beta of 1.03.

Insider Activity

In related news, Director Stephen Charles Taylor sold 3,096 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $24.50, for a total value of $75,852.00. Following the completion of the sale, the director now directly owns 545,291 shares in the company, valued at $13,359,629.50. The trade was a 0.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 23,473 shares of company stock valued at $578,015 over the last ninety days. 7.25% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Natural Gas Services Group

Hedge funds and other institutional investors have recently modified their holdings of the company. MetLife Investment Management LLC grew its stake in shares of Natural Gas Services Group by 129.1% in the third quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock valued at $121,000 after acquiring an additional 3,564 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Natural Gas Services Group by 54.7% in the 3rd 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 in the last quarter. Acadian Asset Management LLC bought a new stake in Natural Gas Services Group in the 2nd quarter valued at about $208,000. Rhumbline Advisers grew its position in shares of Natural Gas Services Group by 2,513.0% during the 2nd quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock worth $243,000 after purchasing an additional 11,610 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Natural Gas Services Group during the third quarter worth approximately $261,000. 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.