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Monday, November 30, 2020

Natural Gas Services Group Inc. (NYSE:NGS) Stock is Soaring, Here is Why

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Natural Gas Services Group Inc. (NGS) shares are trading at higher $8.24 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $11.50.

To add more color to this target, the company’s high over the last year is $14.20 and the low is $2.62. Over the last 52 weeks, NGS is down -41.97% while the S&P 500 is up 0.22%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, NGS reported a profit of $8.13 million. Natural Gas Services Group Inc. also saw revenues increase to $17.89 million. In addition, NGS has free cash flow of $1.6 million as of 03-2020. The company’s EBITDA came in at $5.97 million which compares well with its peers.

NGS booked profit margins of -12.90%, its Return on Equity (ROE) is -4.00%, and its Return on Assets is -3.40%. All told, it is clear that, NGS needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. NGS has a short ratio of 0.45 and outstanding shares of 13.16M.

Company Outlook

NGS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 41300.0 and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -0.78. Natural Gas Services Group Inc. NGS also noted assets of $302.67 million at the end of the last quarter. Investors should also keep an eye on sector updates as NGS has historically followed its peers on positive news.

All told, Natural Gas Services Group Inc. NGS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NGS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Natural Gas Services Group Inc. NGS is now commanding a market cap of 108.85M and a float of 12.43M. NGS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of NGS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in NGS, either long or short, and we have not been compensated for this article.

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