Market Overview

UPDATE: Williams Raises PT on Natural Gas Services Post Beat on Sales, Rental Growth

Share:

Williams Financial Group maintained Natural Gas Services (NYSE: NGS) with a Buy rating and raised the price target from $21.00 to $23.00.

Williams Financial Group analyst Matt Beeby wrote, "NGS reported 4Q EPS ahead of expectations on Sales segment strength as Rental segment revenue wasin line.Oil‐directed activity now consumes 35% of NGS activity, and the company should further benefit from increased VRU demand in coming years as well. Rental utilization trends (+200bps q/q)should continue toward 80% by year‐end (77% at 4Q end) with idle unit reactivation, even as the company builds new units. Furthermore, we believe Rental segment margins will move higher as well (to 60% by year end)."

Natural Gas Services closed at $18.30 on Thursday.

Latest Ratings for NGS

DateFirmActionFromTo
Aug 2019Imperial CapitalMaintainsOutperform
Jan 2019Maxim GroupInitiates Coverage OnBuy
Jun 2018ArgusMaintainsBuyBuy

View More Analyst Ratings for NGS
View the Latest Analyst Ratings

 

Related Articles (NGS)

View Comments and Join the Discussion!

Posted-In: Williams Financial GroupAnalyst Color Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
AVXLCantor FitzgeraldReiterates25.0
FIVNWells FargoMaintains210.0
TREXDA DavidsonMaintains95.0
MTBRBC CapitalMaintains166.0
PANWDA DavidsonMaintains450.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com