Apr. 24 at 6:05 PM
$NGS NGS is primed for a rerating. The pivot to large horsepower and electric units has secured a contracted backlog for 2026, supporting a
$93M EBITDA midpoint. Despite superior growth and low leverage (2.72x), it trades at a significant discount to peers like Archrock (~7.3x vs 10.6x). A move toward
$48.00+ is likely if upcoming Q1 results confirm margin stabilization and the transition to positive free cash flow.