Market Runner: Could Natural Gas Services Group, Inc. Lose its Strength? The Stock Reaches 52-Week High

Market Runner: Could Natural Gas Services Group, Inc. Lose its Strength? The Stock Reaches 52 Week High

The stock of Natural Gas Services Group, Inc. (NYSE:NGS) hit a new 52-week high and has $72.85 target or 163.00% above today’s $27.70 share price. The 8 months bullish chart indicates low risk for the $371.29 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $72.85 price target is reached, the company will be worth $605.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 5.32% or $1.4 during the last trading session, hitting $27.7. About 72,536 shares traded hands or 133.54% up from the average. Natural Gas Services Group, Inc. (NYSE:NGS) has risen 25.00% since April 11, 2016 and is uptrending. It has outperformed by 18.85% the S&P500.

Natural Gas Services Group, Inc. (NYSE:NGS) Ratings Coverage

Out of 2 analysts covering Natural Gas Services Group (NYSE:NGS), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Natural Gas Services Group has been the topic of 4 analyst reports since August 10, 2015 according to StockzIntelligence Inc. As per Monday, August 10, the company rating was upgraded by Zacks. The firm has “Buy” rating given on Friday, August 5 by Lake Street. The stock of Natural Gas Services Group, Inc. (NYSE:NGS) has “Neutral” rating given on Friday, March 18 by Sidoti. Sidoti reinitiated the shares of NGS in a report on Wednesday, June 8 with “Buy” rating.

According to Zacks Investment Research, “Natural Gas Services Group, Inc. manufactures, fabricates, sells, rents and services natural gas compressors that enhance the production of natural gas wells. The Company also manufactures and sells flare systems and flare ignition systems for plant and production facilities.”

Insitutional Activity: The institutional sentiment decreased to 1.05 in Q2 2016. Its down 0.28, from 1.33 in 2016Q1. The ratio worsened, as 6 funds sold all Natural Gas Services Group, Inc. shares owned while 37 reduced positions. 14 funds bought stakes while 31 increased positions. They now own 11.48 million shares or 2.05% less from 11.72 million shares in 2016Q1.
Metropolitan Life Ny has 9,892 shares for 0% of their US portfolio. California Employees Retirement Systems holds 0% or 34,600 shares in its portfolio. Ameriprise has invested 0% of its portfolio in Natural Gas Services Group, Inc. (NYSE:NGS). Gsa Llp has 0.03% invested in the company for 24,900 shares. Eagle Global Advsrs Lc accumulated 0.02% or 24,672 shares. Northern Trust Corporation last reported 539,509 shares in the company. The Massachusetts-based Geode Cap Management Limited Liability Co has invested 0% in Natural Gas Services Group, Inc. (NYSE:NGS). Panagora Asset Incorporated holds 0% or 5,508 shares in its portfolio. Tower Research Limited Liability (Trc) holds 662 shares or 0% of its portfolio. Wedge Cap L Ltd Partnership Nc accumulated 0.01% or 52,100 shares. Bridgeway Capital has 221,688 shares for 0.08% of their US portfolio. Voya Investment Mgmt has 0% invested in the company for 9,898 shares. Blackrock has 3,217 shares for 0% of their US portfolio. Moreover, California State Teachers Retirement Sys has 0% invested in Natural Gas Services Group, Inc. (NYSE:NGS) for 25,859 shares. Blackrock Institutional Tru Co Na holds 402,131 shares or 0% of its portfolio.

Another recent and important Natural Gas Services Group, Inc. (NYSE:NGS) news was published by Reuters.com which published an article titled: “BRIEF-Natural Gas Services Group reports Q3 earnings of 12 cents per dilut…” on November 03, 2016.

NGS Company Profile

Natural Gas Services Group, Inc., incorporated on December 17, 1998, is a well-known provider of small to medium horsepower compression equipment to the natural gas industry. The Firm focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales. The Firm makes, fabricates and rents natural gases compressors that enhance the production of natural gas wells and provide maintenance services for those compressors. In addition, it sells custom fabricated natural gas compressors to meet customer specifications dictated by well pressures, production characteristics and particular applications. It also makes and sells flare systems for gas and oil plant and production facilities. The Company’s operating units include Gas Compressor Rental, Engineered Equipment Sales, Service and Maintenance, and Corporate.

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