| Wunderlich Securities Sees Model Is Performing As Expected For Natural Gas Services Group | |
| | |
|
In a report published Friday, 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) reported a strong 3Q14 as EPS of $0.30 beat our $0.27 estimate and was slightly ahead of the Street's $0.29 forecast. The beat was driven by higher-than-expected Product Sales and nice incremental Rental revenue boosted numbers nicely. The company ramped its fleet by 110 units due to an aggressive build-out in both of its facilities and continues to see strong pricing and utilizations. In fact, the company indicated that October was one of the best months of the year; an interesting development given commodity price concerns and evolving activity levels into 2015. We think this strong showing by NGS is indicative of its business model that has strong utilizations, good margins and the ability to maintain those benefits even in tough times.”
Natural Gas Services Group closed on Thursday at $23.76.
Latest Ratings for NGS
Date | Firm | Action | From | To |
---|
Jul 2014 | Global Hunter | Downgrades | Buy | Accumulate | Mar 2014 | Capital One Financial | Downgrades | Overweight | Equal-weight | Mar 2014 | Wunderlich | Maintains | | Buy |
View More Analyst Ratings for NGS
View the Latest Analyst Ratings
See more from Benzinga © 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
|
|
|
Natural Gas Services Group Inc.
|
|
|
CODE : NGS |
ISIN : US63886Q1094 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Natural Gas Services is a and oil producing company based in United states of america. Natural Gas Services is listed in United States of America. Its market capitalisation is US$ 259.0 millions as of today (€ 232.0 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$ 19.95. Natural Gas Services has 12 982 262 shares outstanding. |