UPDATE: Williams Financial Group Initiates Natural Gas Services Group at Buy

Williams Financial Group initiated its coverage on Natural Gas Services Group NGS with a Buy rating and a price target of $19 per share. Williams Financial Group commented, "The NGS story has impressed, but with still 75% exposure to natural gas prices, NGS is our favored way to play a rebound in natural gas prices. This recovery would be a driver to the Sales segment as well with increased demand providing better backlog/revenue visibility, pricing and segment margins." Natural Gas Services Group closed at $14.87 on Thursday.