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UPDATE: Wunderlich Securities Initiates Natural Gas Services Group at Buy on Growth Opportunities

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In a report published Friday, Wunderlich Securities analyst Jason A. Wangler initiated coverage on Natural Gas Services Group (NYSE: NGS) with a Buy rating and $28.00 price target.

In the report, Wunderlich Securities noted, “We are initiating coverage of Natural Gas Services Group, Inc. (NGS) with a Buy rating and $28 price target. NGS is a leading provider of small-to-medium horsepower compression equipment and industrial flare systems to E&P companies in the U.S. The company has grown its rental fleet over the past few years, even with the difficult domestic natural gas market in order to expand toward the oil- and liquids-rich plays; NGS also manufactures and services units. The company has seen improved utilization and pricing levels through its push into the more active basins and continues to grow its rental fleet to capture more market share. With a strong balance sheet that can both weather any downturns and expand if demand increases, we like the stability and optionality of NGS.”

Natural Gas Services Group closed on Thursday at $23.15.

Latest Ratings for NGS

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

View More Analyst Ratings for NGS
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Posted-In: Jason A. Wangler Wunderlich SecuritiesAnalyst Color Initiation Analyst Ratings

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