Natural Gas Services Group (NGS) was Resumed by Sidoti to “Buy” and the brokerage firm has set the Price Target at $30. Sidoti advised their investors in a research report released on Jun 8, 2016.
Many Wall Street Analysts have commented on Natural Gas Services Group. Company shares were Reiterated by Wunderlich on Apr 4, 2016 to “Buy”, Firm has raised the Price Target to $ 27 from a previous price target of $25 .Natural Gas Services Group was Downgraded by Sidoti to ” Neutral” on Mar 18, 2016.
On the company’s financial health, Natural Gas Services Group reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.16. The company had revenue of $21.60 million for the quarter, compared to analysts expectations of $20.05 million. The company’s revenue was down -12.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.29 EPS.
Natural Gas Services Group opened for trading at $22.58 and hit $22.9299 on the upside on Tuesday, eventually ending the session at $22.65, with a gain of 0.89% or 0.2 points. The heightened volatility saw the trading volume jump to 36,928 shares. Company has a market cap of $291 M.
In a different news, on Mar 24, 2016, Stephen Charles Taylor (President and CEO) sold 15,000 shares at $21.33 per share price. According to the SEC, on Dec 22, 2015, G Larry Lawrence (Chief Financial Officer) sold 8,000 shares at $20.34 per share price. On Dec 21, 2015, James R Hazlett (Vice President-Technical Svcs.) sold 4,500 shares at $20.40 per share price, according to the Form-4 filing with the securities and exchange commission.
Natural Gas Services Group Inc. is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company 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 Company manufactures 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 manufactures and sells flare systems for oil and gas plant and production facilities. The Company has four operating units: Gas Compressor Rental Engineered Equipment Sales Service and Maintenance and Corporate.