Natural Gas Services Group (NYSE:NGS) Director Stephen Charles Taylor Sells 11,152 Shares

Natural Gas Services Group, Inc. (NYSE:NGS) Director Stephen Charles Taylor sold 11,152 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $29.06, for a total transaction of $324,077.12. Following the transaction, the director owned 364,180 shares of the company’s stock, valued at approximately $10,583,070.80. The trade was a 2.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Stephen Charles Taylor also recently made the following trade(s):

• On Thursday, November 6th, Stephen Charles Taylor sold 100 shares of Natural Gas Services Group stock. The stock was sold at an average price of $29.00, for a total value of $2,900.00.
• On Friday, September 26th, Stephen Charles Taylor sold 7,915 shares of Natural Gas Services Group stock. The stock was sold at an average price of $28.50, for a total value of $225,577.50.
• On Thursday, September 25th, Stephen Charles Taylor sold 759 shares of Natural Gas Services Group stock. The shares were sold at an average price of $28.50, for a total value of $21,631.50.
• On Wednesday, September 24th, Stephen Charles Taylor sold 1,326 shares of Natural Gas Services Group stock. The stock was sold at an average price of $28.50, for a total value of $37,791.00.
• On Tuesday, September 23rd, Stephen Charles Taylor sold 11,457 shares of Natural Gas Services Group stock. The shares were sold at an average price of $27.95, for a total transaction of $320,223.15.
• On Friday, September 19th, Stephen Charles Taylor sold 63 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.50, for a total transaction of $1,732.50.
• On Thursday, September 18th, Stephen Charles Taylor sold 1,638 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.50, for a total value of $45,045.00.
• On Wednesday, September 17th, Stephen Charles Taylor sold 6,553 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.51, for a total transaction of $180,273.03.
• On Tuesday, September 16th, Stephen Charles Taylor sold 289 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.50, for a total value of $7,947.50.
• On Thursday, September 4th, Stephen Charles Taylor sold 10,000 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.00, for a total transaction of $270,000.00.

Natural Gas Services Group Stock Performance

NYSE NGS traded up $0.39 during trading hours on Friday, hitting $29.25. The company’s stock had a trading volume of 112,680 shares, compared to its average volume of 70,078. Natural Gas Services Group, Inc. has a 12 month low of $16.73 and a 12 month high of $29.74. The company’s 50 day simple moving average is $27.22 and its two-hundred day simple moving average is $25.15. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.97 and a quick ratio of 1.23. The company has a market cap of $366.79 million, a P/E ratio of 20.60 and a beta of 0.59.

Natural Gas Services Group (NYSE:NGS) last issued its earnings results on Monday, August 11th. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.09. The company had revenue of $41.38 million for the quarter, compared to analysts’ expectations of $41.87 million. Natural Gas Services Group had a net margin of 10.92% and a return on equity of 7.21%. As a group, sell-side analysts expect that Natural Gas Services Group, Inc. will post 1.42 EPS for the current fiscal year.

Natural Gas Services Group declared that its board has initiated a share repurchase program on Monday, August 11th that allows the company to repurchase $6.00 million in outstanding shares. This repurchase authorization allows the oil and gas company to buy up to 1.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Natural Gas Services Group in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $32.50.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. bought a new stake in shares of Natural Gas Services Group during the first quarter valued at approximately $25,000. Steward Partners Investment Advisory LLC increased its holdings in Natural Gas Services Group by 105.5% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,424 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 731 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Natural Gas Services Group by 106.7% in the 3rd quarter. New York State Common Retirement Fund now owns 3,100 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 1,600 shares in the last quarter. State of Wyoming lifted its stake in Natural Gas Services Group by 116.0% in the 1st quarter. State of Wyoming now owns 4,427 shares of the oil and gas company’s stock worth $97,000 after purchasing an additional 2,377 shares in the last quarter. Finally, AlphaQuest LLC bought a new position in shares of Natural Gas Services Group during the 1st quarter valued at about $115,000. 65.62% of the stock is owned by hedge funds and other institutional investors.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.