The stock of Natural Gas Services Group, Inc. (NYSE:NGS) hit a new 52-week high and has $31.76 target or 5.00% above today’s $30.25 share price. The 7 months bullish chart indicates low risk for the $392.03M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $31.76 price target is reached, the company will be worth $19.60 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 6.33% or $1.8 on December 1, hitting $30.25. About 72,101 shares traded hands or 112.23% up from the average. Natural Gas Services Group, Inc. (NYSE:NGS) has risen 24.73% since April 28, 2016 and is uptrending. It has outperformed by 18.80% the S&P500.
Analysts await Natural Gas Services Group, Inc. (NYSE:NGS) to report earnings on March, 9. They expect $0.08 EPS, down 69.23% or $0.18 from last year’s $0.26 per share. NGS’s profit will be $1.04 million for 94.53 P/E if the $0.08 EPS becomes a reality. After $0.12 actual EPS reported by Natural Gas Services Group, Inc. for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.
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. Sidoti downgraded the shares of NGS in a report on Friday, March 18 to “Neutral” rating. The stock of Natural Gas Services Group, Inc. (NYSE:NGS) has “Buy” rating given on Friday, August 5 by Lake Street. The rating was upgraded by Zacks on Monday, August 10 to “Sell”. 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 increased to 1.47 in 2016 Q2. Its up 0.42, from 1.05 in 2016Q1. The ratio improved, 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.
Nationwide Fund Advisors holds 18,828 shares or 0% of its portfolio. Vanguard Gru Inc last reported 0% of its portfolio in the stock. Neuberger Berman Gp Lc has invested 0.03% of its portfolio in Natural Gas Services Group, Inc. (NYSE:NGS). Legal And General Gru Public Ltd last reported 1,933 shares in the company. Thomson Horstmann Bryant has 0.7% invested in the company for 236,708 shares. Anderson Hoagland And owns 97,372 shares or 1.37% of their US portfolio. State Street last reported 227,835 shares in the company. First Quadrant Ltd Partnership Ca accumulated 0% or 5,100 shares. Amer Int Group Incorporated holds 0% or 7,099 shares in its portfolio. Blackrock Advisors Ltd Company reported 6,503 shares or 0% of all its holdings. Zacks Investment Mngmt has 0.03% invested in the company for 39,412 shares. Outfitter Advsrs has 0.48% invested in the company for 49,200 shares. Creative Planning has invested 0% of its portfolio in Natural Gas Services Group, Inc. (NYSE:NGS). Spitfire Capital Limited Liability Corp holds 4.67% or 438,117 shares in its portfolio. Gsa Llp, a United Kingdom-based fund reported 24,900 shares.
Insider Transactions: Since November 17, 2016, the stock had 0 insider buys, and 1 sale for $215,920 net activity. 8,000 shares were sold by Lawrence G Larry, worth $215,920.
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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