Fly News Breaks for January 25, 2019
Jan 25, 2019 | 10:03 EDT
Maxim analyst Tate Sullivan initiated Natural Gas Services with a Buy rating and a price target of $24, saying it should see a "meaningful rebound" in earnings this year given the company's recent capital expenditure growth and rental of larger natural gas compressors. The analyst is positive on the company's equipment helping clients increase oil production or move that gas into pipelines, leading to more efficient production of natural gas and oil by its clients. Sullivan adds that Natural Gas Services offers a healthier balance sheet relative to its peers with $63M in cash and less than $1M in debt.
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