Natural Gas Services Group (NYSE:NGS) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Shares of Natural Gas Services Group, Inc. (NYSE:NGS - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.03 and traded as high as $25.44. Natural Gas Services Group shares last traded at $24.59, with a volume of 66,716 shares.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Raymond James Financial reaffirmed a "strong-buy" rating and set a $32.00 price target (down from $33.00) on shares of Natural Gas Services Group in a research report on Wednesday, March 19th. Wall Street Zen raised Natural Gas Services Group from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Finally, Stifel Nicolaus upped their price target on Natural Gas Services Group from $32.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday, May 16th.

Natural Gas Services Group Stock Down 1.2%

The stock has a market capitalization of $305.82 million, a PE ratio of 18.08 and a beta of 0.66. 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 business's fifty day moving average price is $24.54 and its two-hundred day moving average price is $24.04.

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

Insiders Place Their Bets

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 25,000 shares of the company's stock in a transaction that occurred on 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 owned 433,334 shares in the company, valued at approximately $10,790,016.60. This represents a 5.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 5.08% of the company's stock.

Hedge Funds Weigh In On Natural Gas Services Group

Several institutional investors and hedge funds have recently modified their holdings of NGS. Victory Capital Management Inc. purchased a new position in shares of Natural Gas Services Group in the 1st quarter valued at about $25,000. GAMMA Investing LLC increased its stake in shares of Natural Gas Services Group by 4,293.1% in the 1st quarter. GAMMA Investing LLC now owns 1,274 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 1,245 shares in the last quarter. State of Wyoming increased its stake in shares of Natural Gas Services Group by 116.0% in the 1st quarter. State of Wyoming now owns 4,427 shares of the oil and gas company's stock valued at $97,000 after purchasing an additional 2,377 shares in the last quarter. AlphaQuest LLC purchased a new position in shares of Natural Gas Services Group in the 1st quarter valued at about $115,000. Finally, Wells Fargo & Company MN raised its position in shares of Natural Gas Services Group by 31.5% during the 4th quarter. Wells Fargo & Company MN now owns 6,022 shares of the oil and gas company's stock worth $161,000 after purchasing an additional 1,443 shares during the last quarter. Hedge funds and other institutional investors own 65.62% of the company's stock.

Natural Gas Services Group Company Profile

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.