| Wunderlich Securities Has Positive Outlook For Natural Gas Services Group | |
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In a report published Monday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating and $35.00 price target on Natural Gas Services Group (NYSE: NGS).
In the report, Wunderlich Securities noted, “Natural Gas Services Group (NGS) continues to trade with the greater OFS group (i.e., poorly) despite the fact that it has a differentiated business model that should allow it to maintain solid utilization and generate ample cash flow even if the doomsday scenario of $60/bbl or $70/bbl oil does come into play. The biggest reason for our conviction in this matter is the fact that this exact situation happened to NGS just a few years ago with the natural gas markets, and NGS has not only kept solid utilizations in the gas plays the last five years but also found other areas of growth to utilize its ample cash flows and expand operations. While we do not expect the doomsday scenario, we believe NGS has the ability to thrive in that market as well.”
Natural Gas Services Group closed on Friday at $23.72.
Latest Ratings for NGS
Date | Firm | Action | From | To |
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Jul 2014 | Global Hunter | Downgrades | Buy | Accumulate | Mar 2014 | Capital One Financial | Downgrades | Overweight | Equal-weight | Mar 2014 | Wunderlich | Maintains | | Buy |
View More Analyst Ratings for NGS
View the Latest Analyst Ratings
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Natural Gas Services Group Inc.
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CODE : NGS |
ISIN : US63886Q1094 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Natural Gas Services is a and oil producing company based in United states of america. Natural Gas Services is listed in United States of America. Its market capitalisation is US$ 258.2 millions as of today (€ 231.3 millions). Its stock quote reached its lowest recent point on August 11, 2023 at US$ 10.00, and its highest recent level on September 20, 2024 at US$ 19.89. Natural Gas Services has 12 982 262 shares outstanding. |