Wunderlich Securities Sees Continued Growth Story For Natural Gas Services Group

In a report published Thursday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating and $40.00 price target on Natural Gas Services Group (NYSE: NGS).

In the report, Wunderlich Securities noted, “Natural Gas Services Group (NGS) has been a growth story in terms of revenues, EBITDA and EPS over the last few years in a cyclical OFS business that few can argue have been able to do the same. These attributes show the company's ability to provide both safety and growth as NGS has not only lived through the tough natural gas downturn but thrived by growing into the liquids-rich/oil shale plays. Possibly most impressive of this growth is that the most exciting plays from an industry view, the Eagle Ford and Williston, are areas NGS is still just starting to focus on as it becomes a new growth play. This growth, among other potential growth initiatives, shows why NGS is a C-corp lighthouse in an ocean of MLPs of compression, which should benefit NGS in the near- and long-term.”

Natural Gas Services Group closed on Wednesday at $29.66.