Stock Rating Upgrade
The Value Trend Rating for Natural Gas Services Group Inc. (NYSE: NGS) improved recently from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 5/1/24, Natural Gas Services Group Inc. (NYSE: NGS) stock increased 1.6%, closing at $22.44. However, this advance was accompanied by below average trading volume at 82% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -7.3% during the last week.
Current PriceTarget Research Rating
NGS is expected to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
Natural Gas Services Group has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Natural Gas Services Group has a poor Appreciation Score of 26 but a very high Power Rating of 100, resulting in the Positive Value Trend Rating.
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