Natural Gas Services Group (NGS) Gets a Buy Rating from Maxim Group


Maxim Group analyst Tate Sullivan maintained a Buy rating on Natural Gas Services Group (NGS) today and set a price target of $24. The company’s shares opened today at $16.36, close to its 52-week low of $15.42.

Sullivan said:

“Ahead of today’s 11am ET conference call and our marketing day with NGS next Wednesday (5/15/19) in New York City, we maintain our annual EBITDA estimates after NGS reported natural gas compressor rental revenue increased 4% sequentially and 17% Y/Y.”

According to TipRanks.com, Sullivan is a 3-star analyst with an average return of 4.6% and a 66.1% success rate. Sullivan covers the Basic Materials sector, focusing on stocks such as Emcor Group, Tetra Tech, and Aegion.

Natural Gas Services Group has an analyst consensus of Moderate Buy, with a price target consensus of $24.

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Based on Natural Gas Services Group’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $282K. In comparison, last year the company had a net profit of $225K.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock.

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Natural Gas Services Group, Inc. engages in the provision of small to medium horsepower compression equipment to the natural gas industry. It 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.

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