Natural Gas Services Group - NGS Stock Forecast, Price & News

Natural Gas Services Group, Inc. provides natural gas compression services and equipment to the energy industry in the United States. It fabricates, manufactures, rents, and sells natural gas compressors and related equipment. 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. As of December 31, 2021, the company had 2,023 natural gas compression units in its rental fleet with 418,041 horsepower. The company also engages in the design, fabrication, and assembly of compressor components into compressor units for rental or sale; engineers and fabricates natural gas compressors; and designs and manufactures a line of reciprocating compressor frames, cylinders, and parts. In addition, it is involved in the design, fabrication, sale, installation, and service of flare stacks and related ignition and control devices for the onshore and offshore incineration of gas compounds, such as hydrogen sulfide, carbon dioxide, natural gas, and liquefied petroleum gases. Further, the company offers customer support services for its compressor and flare sales business; and exchange and rebuild program for small horsepower screw compressors. Its primary customers are exploration and production(E&P) companies that utilize compressor units for artificial lift applications; E&P companies that focuses on natural gas-weighted production; and midstream companies. Natural Gas Services Group, Inc. was incorporated in 1998 and is headquartered in Midland, Texas.

Natural Gas Services Group Stock Performance

Shares of NGS opened at $9.77 on Tuesday. The stock has a market capitalization of $122.72 million, a P/E ratio of -15.27 and a beta of 1.52. Natural Gas Services Group has a 1 year low of $9.11 and a 1 year high of $15.00. The company's fifty day moving average is $11.05 and its two-hundred day moving average is $11.87.

Natural Gas Services Group (NYSE:NGS - Get Rating) last issued its quarterly earnings results on Monday, May 16th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $20.34 million for the quarter. Natural Gas Services Group had a negative net margin of 11.37% and a negative return on equity of 2.14%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Natural Gas Services Group from a "buy" rating to a "hold" rating in a research note on Monday.

Insider Buying and Selling at Natural Gas Services Group

In related news, VP James R. Hazlett sold 2,405 shares of Natural Gas Services Group stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $14.01, for a total value of $33,694.05. Following the sale, the vice president now directly owns 73,018 shares in the company, valued at $1,022,982.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Natural Gas Services Group news, CEO Stephen Charles Taylor sold 3,918 shares of the stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $15.00, for a total value of $58,770.00. Following the completion of the transaction, the chief executive officer now directly owns 511,259 shares of the company's stock, valued at $7,668,885. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP James R. Hazlett sold 2,405 shares of the business's stock in a transaction that occurred on Tuesday, May 31st. The stock was sold at an average price of $14.01, for a total value of $33,694.05. Following the sale, the vice president now directly owns 73,018 shares in the company, valued at approximately $1,022,982.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,890 shares of company stock valued at $115,404. 6.54% of the stock is owned by corporate insiders.