Natural Gas Services Group (NGS, Financial) has successfully secured a $100 million expansion to its existing credit facility, raising the total available funds to $400 million. This strategic financial move includes an enlarged accordion feature of $100 million, providing the company with increased financial flexibility.
The enhanced credit facility is intended to support the company’s efforts in expanding its fleet, with a particular focus on large horsepower and electric drive rental compression units. This expansion is aligned with Natural Gas Services Group's goal of fostering growth and meeting the increasing market demand for its services.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Natural Gas Services Group Inc (NGS, Financial) is $36.00 with a high estimate of $45.00 and a low estimate of $32.00. The average target implies an upside of 99.12% from the current price of $18.08. More detailed estimate data can be found on the Natural Gas Services Group Inc (NGS) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Natural Gas Services Group Inc's (NGS, Financial) average brokerage recommendation is currently 1.5, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Natural Gas Services Group Inc (NGS, Financial) in one year is $25.80, suggesting a upside of 42.7% from the current price of $18.08. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Natural Gas Services Group Inc (NGS) Summary page.
