| 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 $23.72.
Latest Ratings for NGS
Date | Firm | Action | From | To |
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Jul 2014 | Global Hunter | Downgrades | Buy | Accumulate | Mar 2014 | Capital One Financial | Downgrades | Overweight | Equal-weight | Mar 2014 | Wunderlich | Maintains | | Buy |
View More Analyst Ratings for NGS
View the Latest Analyst Ratings
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Natural Gas Services Group Inc.
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CODE : NGS |
ISIN : US63886Q1094 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Natural Gas Services est une société de production minière et de pétrole basée aux Etats-Unis D'Amerique. Natural Gas Services est cotée aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 314,3 millions US$ (294,9 millions €). La valeur de son action a atteint son plus bas niveau récent le 11 août 2023 à 10,00 US$, et son plus haut niveau récent le 23 avril 2024 à 24,21 US$. Natural Gas Services possède 12 982 262 actions en circulation. |