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Natural Gas Services Group, Inc.
NGS Details
Natural Gas Services Group, Inc. (NYSE: NGS) sells natural gas compressors and other associated equipment designed, manufactured, and rented by itself. The CiP (Cylinder-inPlane) product line is a unique collection of compressor frames, cylinders, and components developed by the company.
Why Should Investors Exit?
Valuation Methodology: EV/Sales Multiple Based Relative Valuation
Source: Analysis by Kalkine Group
Stock Recommendation:
We have valued the stock using the EV/sales multiple based relative valuation methodology and arrived at a target price of USD 10.11 as of February 17, 2022. Considering the weak financial performance, decline in cash position, colossal market competition, unfavourable technical indicator, and current valuation, we recommend a “SELL" rating on the stock at the closing price of USD 11.74, unchanged, as of February 17, 2022.
Technical Summary Analysis:
Year Technical Price Chart (as of February 17, 2022). Source: REFINITIV, Analysis by Kalkine Group
Note 1: The reference data in this report has been partly sourced from REFINITIV.
Note 2: Investment decision should be made depending on the investors' appetite on upside potential, risks, holding duration, and any previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the valuation has been achieved and subject to the factors discussed above.