Natural Gas Services Group (NGS) was Reiterated by Lake Street to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 32 from a previous price target of $25 . Lake Street advised their investors in a research report released on Aug 5, 2016.
Many Wall Street Analysts have commented on Natural Gas Services Group. Sidoti Resumed Natural Gas Services Group on Jun 8, 2016 to “Buy”, Price Target of the shares are set at $30.
On the company’s financial health, Natural Gas Services Group reported $0.10 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.15. The company had revenue of $17.20 million for the quarter, compared to analysts expectations of $19.23 million. The company’s revenue was down -29.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.
Natural Gas Services Group opened for trading at $23.44 and hit $25.14 on the upside on Thursday, eventually ending the session at $24.88, with a gain of 0.69% or 0.17 points. The heightened volatility saw the trading volume jump to 42,134 shares. Company has a market cap of $320 M.
In a different news, on Jun 24, 2016, James R Hazlett (VP — Technical Services) sold 3,500 shares at $23.92 per share price. According to the SEC, on Jun 24, 2016, David L Bradshaw (director) sold 2,500 shares at $24.35 per share price. On Mar 24, 2016, Stephen Charles Taylor (President and CEO) sold 15,000 shares at $21.33 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.