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

Natural Gas Services Group (NYSE:NGS) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Wednesday.

Separately, Raymond James started coverage on Natural Gas Services Group in a research report on Wednesday, August 7th. They issued a “strong-buy” rating and a $27.00 price objective for the company.

Natural Gas Services Group Stock Performance

Shares of NGS opened at $27.33 on Wednesday. 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 $12.75 and a one year high of $27.80. The company’s fifty day moving average price is $20.85 and its 200 day moving average price is $20.66. The company has a market capitalization of $340.91 million, a PE ratio of 21.35 and a beta of 1.03.

Insiders Place Their Bets

In other news, Director Stephen Charles Taylor sold 3,096 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $24.50, for a total transaction of $75,852.00. Following the sale, the director now owns 545,291 shares in the company, valued at approximately $13,359,629.50. This represents a 0.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 23,473 shares of company stock worth $578,015 over the last three months. 7.25% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Natural Gas Services Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NGS. Russell Investments Group Ltd. raised its stake in shares of Natural Gas Services Group by 32.4% during the first quarter. Russell Investments Group Ltd. now owns 172,221 shares of the oil and gas company’s stock worth $3,346,000 after buying an additional 42,099 shares during the last quarter. Ancora Advisors LLC grew its stake in Natural Gas Services Group by 163.7% in the first quarter. Ancora Advisors LLC now owns 83,830 shares of the oil and gas company’s stock valued at $1,629,000 after acquiring an additional 52,040 shares during the period. ClariVest Asset Management LLC bought a new stake in shares of Natural Gas Services Group in the second quarter worth about $693,000. Bank of New York Mellon Corp acquired a new stake in shares of Natural Gas Services Group during the second quarter worth about $788,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Natural Gas Services Group by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 491,167 shares of the oil and gas company’s stock valued at $9,543,000 after purchasing an additional 6,129 shares in the last quarter. 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.