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 declined by -2.1% on 9/20/24. The shares closed at $19.89. Moreover, this decline was accompanied by exceptionally high trading volume at 211% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 3.5% during the last week.
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). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Natural Gas Services Group has a slightly negative Appreciation Score of 34 but a very high Power Rating of 91, leading to the High Neutral Value Trend Rating.
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