Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Natural Gas Services Group Inc. (NYSE: NGS) weakened during the last several trading days. NGS’ current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Natural Gas Services Group Inc. (NYSE: NGS) stock closed at $23.79 on 4/26/24 after a modest decline of -1.6%. Moreover, this decline was accompanied by above average trading volume at 130% of normal. The stock has risen 1.8% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, NGS is expected to be Value Creation neutral.
Natural Gas Services Group has a current Value Trend Rating of C (High Neutral). 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 23 but a very high Power Rating of 100, resulting in the High Neutral Value Trend Rating.
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