Natural Gas Services Group (NYSE:NGS) Share Price Passes Above 200-Day Moving Average - Time to Sell?

Natural Gas Services Group, Inc. (NYSE:NGS - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $23.90 and traded as high as $24.19. Natural Gas Services Group shares last traded at $24.02, with a volume of 44,265 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen upgraded Natural Gas Services Group from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Stifel Nicolaus boosted their price objective on Natural Gas Services Group from $32.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, May 16th.

Natural Gas Services Group Stock Up 0.5%

The company has a debt-to-equity ratio of 0.65, a current ratio of 2.10 and a quick ratio of 1.33. The company has a market capitalization of $305.66 million, a PE ratio of 18.07 and a beta of 0.66. The business has a 50-day moving average of $25.11 and a 200 day moving average of $23.85.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last posted its earnings results on Monday, May 12th. The oil and gas company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.11. The company had revenue of $41.38 million for the quarter, compared to the consensus estimate of $40.52 million. Natural Gas Services Group had a return on equity of 6.99% and a net margin of 10.53%. Equities research analysts predict that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current year.

Insider Activity at Natural Gas Services Group

In related news, Director Stephen Charles Taylor sold 25,000 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $24.90, for a total value of $622,500.00. Following the sale, the director directly owned 433,334 shares in the company, valued at approximately $10,790,016.60. The trade was a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.08% of the company's stock.

Institutional Investors Weigh In On Natural Gas Services Group

Several large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. bought a new position in shares of Natural Gas Services Group during the first quarter valued at approximately $25,000. GAMMA Investing LLC lifted its holdings in Natural Gas Services Group by 4,293.1% during the first quarter. GAMMA Investing LLC now owns 1,274 shares of the oil and gas company's stock worth $28,000 after buying an additional 1,245 shares during the period. State of Wyoming lifted its holdings in Natural Gas Services Group by 116.0% during the first quarter. State of Wyoming now owns 4,427 shares of the oil and gas company's stock worth $97,000 after buying an additional 2,377 shares during the period. AlphaQuest LLC purchased a new stake in Natural Gas Services Group during the first quarter worth $115,000. Finally, Wells Fargo & Company MN lifted its holdings in Natural Gas Services Group by 31.5% during the fourth quarter. Wells Fargo & Company MN now owns 6,022 shares of the oil and gas company's stock worth $161,000 after buying an additional 1,443 shares during the period. 65.62% of the stock is 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.