Natural Gas Services Group, Inc. (NYSE:NGS) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 16, 2016
Zacks Investment Research has upgraded Natural Gas Services Group, Inc.(NYSE:NGS) to Hold in a report released on 9/16/2016.
Displaying a price of $23.76, Natural Gas Services Group, Inc. (NYSE:NGS) traded 2.72% higher on the day. The last stock price close is up 3.70% from the 200-day moving average, compared with the S&P 500 which has fallen -0.01% over the date range. NGS has been tracking to a 50-day moving average of $24.65 and 200-day average of $22.91. Trading volume was was up over the average, with 65,871 shares of NGS changing hands over the typical 37,209 shares.
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Natural Gas Services Group, Inc. has a P/E of 32 with a 52 week low of $15.96 and a 52 week high of $26.74 and has a total market value of $0.0.
A total of 4 brokerages have reported on NGS. Zero rate the company a strong buy, three firms rate the stock a buy, one analyst rate the company a hold, 0 rate the stock to underperform, and finally 0 firmsrate the stock as sell with an average target stock price of $24.75
Brief Synopsis About Natural Gas Services Group, Inc. (NYSE:NGS)
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’s operating units include Gas Compressor Rental, Engineered Equipment Sales, Service and Maintenance, and and Corporate. Its rental business is primarily focused on non-conventional gas and oil production.
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