Natural Gas Services Group (NYSE:NGS - Get Free Report) had its price target increased by stock analysts at Stifel Nicolaus from $18.00 to $26.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a "buy" rating on the oil and gas company's stock. Stifel Nicolaus' price objective points to a potential upside of 12.17% from the stock's previous close.
Natural Gas Services Group Trading Up 1.8 %
Shares of NGS stock traded up $0.41 during mid-day trading on Wednesday, reaching $23.18. 257,824 shares of the stock traded hands, compared to its average volume of 52,364. The stock's fifty day simple moving average is $16.75 and its two-hundred day simple moving average is $15.23. Natural Gas Services Group has a 1-year low of $9.55 and a 1-year high of $23.97. The company has a market cap of $288.36 million, a price-to-earnings ratio of 59.66 and a beta of 1.16. The company has a quick ratio of 0.91, a current ratio of 1.49 and a debt-to-equity ratio of 0.55.
Hedge Funds Weigh In On Natural Gas Services Group
A number of hedge funds and other institutional investors have recently made changes to their positions in NGS. Mill Road Capital Management LLC lifted its stake in shares of Natural Gas Services Group by 16.5% in the fourth quarter. Mill Road Capital Management LLC now owns 822,008 shares of the oil and gas company's stock worth $9,420,000 after acquiring an additional 116,149 shares during the period. EAM Investors LLC acquired a new position in shares of Natural Gas Services Group in the third quarter worth approximately $1,451,000. BlackRock Inc. lifted its stake in shares of Natural Gas Services Group by 26.1% in the third quarter. BlackRock Inc. now owns 399,819 shares of the oil and gas company's stock worth $4,015,000 after acquiring an additional 82,871 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Natural Gas Services Group by 10.0% in the second quarter. Renaissance Technologies LLC now owns 521,142 shares of the oil and gas company's stock worth $5,159,000 after acquiring an additional 47,243 shares during the period. Finally, Pacific Ridge Capital Partners LLC lifted its stake in shares of Natural Gas Services Group by 6.5% in the third quarter. Pacific Ridge Capital Partners LLC now owns 628,309 shares of the oil and gas company's stock worth $9,148,000 after acquiring an additional 38,387 shares during the period. 65.62% of the stock is owned by institutional investors and hedge funds.
About Natural Gas Services Group
(
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Natural Gas Services Group, Inc provides natural gas compression services and equipment to the energy industry in the United States. It fabricates, manufactures, rents, sells, and maintains natural gas compressors and flare systems for oil and natural gas production and plant facilities. The company primarily engages in the rental of compression units that provide small, medium, and large horsepower applications for unconventional oil and natural gas production.
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