Natural Gas Services Group, Inc. (NYSE:NGS) Director Sells $622,500.00 in Stock

Natural Gas Services Group, Inc. (NYSE:NGS) Director Stephen Charles Taylor sold 25,000 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $24.90, for a total transaction of $622,500.00. Following the transaction, the director now directly owns 433,334 shares in the company, valued at approximately $10,790,016.60. This represents a 5.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Natural Gas Services Group Trading Down 0.7%

Shares of NGS opened at $24.91 on Monday. The stock has a market capitalization of $312.06 million, a P/E ratio of 19.46 and a beta of 0.53. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.65. The firm has a fifty day simple moving average of $20.49 and a two-hundred day simple moving average of $24.03. Natural Gas Services Group, Inc. has a twelve month low of $16.70 and a twelve month high of $29.74.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings results on Monday, May 12th. The oil and gas company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.11. The business had revenue of $41.38 million during the quarter, compared to analysts’ expectations of $40.52 million. Natural Gas Services Group had a net margin of 10.55% and a return on equity of 6.60%. On average, research analysts anticipate that Natural Gas Services Group, Inc. will post 1.42 EPS for the current year.

Institutional Investors Weigh In On Natural Gas Services Group

Several institutional investors have recently added to or reduced their stakes in the company. Bridgeway Capital Management LLC boosted its position in Natural Gas Services Group by 1.4% during the 4th quarter. Bridgeway Capital Management LLC now owns 266,508 shares of the oil and gas company’s stock valued at $7,142,000 after buying an additional 3,797 shares during the period. First Eagle Investment Management LLC lifted its position in shares of Natural Gas Services Group by 119.8% in the 4th quarter. First Eagle Investment Management LLC now owns 229,294 shares of the oil and gas company’s stock worth $6,145,000 after purchasing an additional 124,978 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Natural Gas Services Group in the 4th quarter worth about $5,733,000. Russell Investments Group Ltd. lifted its position in shares of Natural Gas Services Group by 17.9% in the 1st quarter. Russell Investments Group Ltd. now owns 163,473 shares of the oil and gas company’s stock worth $3,591,000 after purchasing an additional 24,853 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Natural Gas Services Group by 370.4% in the 1st quarter. Invesco Ltd. now owns 136,748 shares of the oil and gas company’s stock worth $3,004,000 after purchasing an additional 107,679 shares during the period. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on NGS. Raymond James reaffirmed a “strong-buy” rating and set a $32.00 target price (down previously from $33.00) on shares of Natural Gas Services Group in a report on Wednesday, March 19th. Stifel Nicolaus increased their target price on shares of Natural Gas Services Group from $32.00 to $33.00 and gave the company a “buy” rating in a report on Friday. Finally, StockNews.com lowered shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th.

Natural Gas Services Group Company Profile

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.