Why Inventory Data Could Let Down Natural Gas Prices

Cornelia Mascio
Dicembre 8, 2017

Wellington Llp stated it has 0% of its portfolio in Natural Gas Services Group, Inc. The stock of Natural Gas Services Group, Inc. Credit Suisse Ag holds 21,598 shares or 0% of its portfolio. (NYSE:NGS). Tiaa Cref Inv Mgmt Lc invested in 49,855 shares or 0% of the stock. Great West Life Assurance Can invested 0% in Natural Gas Services Group, Inc.

Natural gas futures plunged on Thursday, falling to the lowest levels of the session after data showed a surprise buildup in US supplies in storage last week. It was reported on Dec, 7 by Finviz.com. On November 30, the EIA released a natural gas inventory report, and natural gas January 2018 futures fell 4.8%.

"Responsibly producing oil and natural gas is a top priority for all operators in New Mexico, and this partnership underscores our commitment to protecting the environment", said NMOGA Executive Director Ryan Flynn. Double bottoms are rare but powerful chart patterns. It is down 21.42% since December 7, 2016 and is uptrending. According to EPA data, oil and natural gas methane emissions nationally have fallen 16.3 percent from 1990-2015, while oil production is up 28 percent and natural gas production has increased by 52 percent.

Chesapeake Energy Corp. (NYSE: CHK) traded down less than 0.1%, at $3.77 in a 52-week range of $3.41 to $8.20. They expect $0.07 earnings per share, down 22.22 % or $0.02 from last year's $0.09 per share.

Among 4 analysts covering Natural Gas Services Group (NYSE:NGS), 4 have Buy rating, 0 Sell and 0 Hold. NGS's profit will be $905,701 for 88.86 P/E if the $0.07 EPS becomes a reality. (NYSE:NGS) earned "Buy" rating by Lake Street on Friday, August 5. Therefore 100% are positive. The company was reinitiated on Wednesday, June 8 by Sidoti. The company was upgraded on Monday, August 10 by Zacks. The firm has "Buy" rating by Seaport Global given on Thursday, December 1. Bank of America Corp DE boosted its holdings in shares of Natural Gas Services Group by 29.0% in the 1st quarter.

More recent Natural Gas Services Group, Inc. Voya Investment Management LLC boosted its holdings in shares of Natural Gas Services Group by 10.7% in the 2nd quarter. Seekingalpha.com's news article titled: "Natural Gas Services' (NGS) CEO Steve Taylor on Q2 2017 Results - Earnings ..." with publication date: August 05, 2017 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Altre relazioniGrafFiotech

Discuti questo articolo

Segui i nostri GIORNALE