Natural Gas Services price target lowered to $32 from $33 at Raymond James

Raymond James lowered the firm’s price target on Natural Gas Services (NGS) to $32 from $33 and keeps a Strong Buy rating on the shares. Natural Gas Services posted a solid exit to the year on the strength of its core contract compression rental business, and 2025 guidance includes updated growth capital expenditures as it appears some capex moved from 4Q24 into 2025, the analyst tells investors in a research note. The firm sees an even more attractive entry point for a company that is executing on its outsized growth strategy and keeping leverage below peers.