A Reversal for Natural Gas Services Group, Inc. Is Not Near. The Stock Rises Again

Share with your friends










Submit

The stock of Natural Gas Services Group, Inc. (NGS) is a huge mover today! The stock increased 4.79% or $1.03 on October 30, hitting $22.52. About 113,927 shares traded hands or 104.54% up from the average. Natural Gas Services Group, Inc. (NYSE:NGS) has risen 12.87% since March 27, 2015 and is uptrending. It has outperformed by 11.49% the S&P500.
The move comes after 9 months positive chart setup for the $273.71 million company. It was reported on Oct, 30 by Barchart.com. We have $46.39 PT which if reached, will make NGS worth $290.13M more.

Analysts await Natural Gas Services Group, Inc. (NYSE:NGS) to reports earnings on November, 5. They expect $0.19 EPS, down 36.67% or $0.11 from last year’s $0.3 per share. NGS’s profit will be $2.31M for 29.63 P/E if the $0.19 EPS becomes reality. After $0.28 actual EPS reported by Natural Gas Services Group, Inc. for the previous quarter, Wall Street now forecasts -32.14% negative EPS growth.

According to Zacks, “Natural Gas Services Group, Inc. manufactures, fabricates, sells, rents and services natural gas compressors that enhance the production of natural gas wells. The Company also manufactures and sells flare systems and flare ignition systems for plant and production facilities.”

The institutional sentiment decreased to 0.95 in Q2 2015. Its down 0.35, from 1.3 in 2015Q1. The ratio dropped, as 3 funds sold all Natural Gas Services Group, Inc. shares owned while 36 reduced positions. 8 funds bought stakes while 29 increased positions. They now own 11.36 million shares or 1.95% more from 11.15 million shares in 2015Q1.

Oslo Asset Management Asa holds 14.12% of its portfolio in Natural Gas Services Group, Inc. for 560,488 shares. Ns Advisors Llc owns 203,244 shares or 4.4% of their US portfolio. Moreover, Spitfire Capital Llc has 3.87% invested in the company for 441,854 shares. The Massachusetts-based Weatherbie Capital Llc has invested 1.3% in the stock. Pacific Global Investment Management Co, a California-based fund reported 264,800 shares.

Since March 20, 2015, the stock had 0 insider purchases, and 4 insider sales for $350,403 net activity. Hazlett James R sold 2,500 shares worth $55,000. Taylor Stephen Charles sold 2,115 shares worth $40,333. Lawrence G Larry sold 10,000 shares worth $199,500.

Natural Gas Services Group, Inc. - Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.


Add Comment