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

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

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

Natural Gas Services Group Trading Up 2.6 %

Shares of NYSE NGS opened at $25.66 on Wednesday. Natural Gas Services Group has a twelve month low of $12.75 and a twelve month high of $25.85. The firm has a market cap of $319.98 million, a PE ratio of 20.05 and a beta of 1.03. The business has a fifty day simple moving average of $20.71 and a two-hundred day simple moving average of $20.62. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.65.

Insiders Place Their Bets

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 3,442 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $25.51, for a total value of $87,805.42. Following the completion of the transaction, the director now directly owns 524,903 shares in the company, valued at approximately $13,390,275.53. The trade was a 0.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 21,952 shares of company stock worth $538,469 over the last 90 days. Company insiders own 7.25% of the company’s stock.

Institutional Trading of Natural Gas Services Group

A number of institutional investors have recently modified their holdings of NGS. MetLife Investment Management LLC lifted its position in Natural Gas Services Group by 129.1% during 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 during the last quarter. BNP Paribas Financial Markets increased its position in shares of 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 in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Natural Gas Services Group during the 2nd quarter valued at $208,000. Rhumbline Advisers boosted its position in shares of Natural Gas Services Group by 2,513.0% in 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 purchased a new position in Natural Gas Services Group during the 3rd quarter worth $261,000. 65.62% of the stock is currently owned by institutional investors.

About Natural Gas Services Group

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.