Natural Gas Services Group, Inc. (NYSE:NGS) Announces Dividend Increase – $0.15 Per Share

Natural Gas Services Group, Inc. (NYSE:NGSGet Free Report) announced a quarterly dividend on Monday, May 11th. Shareholders of record on Wednesday, May 20th will be paid a dividend of 0.15 per share by the oil and gas company on Wednesday, June 3rd. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date is Wednesday, May 20th. This is a 36.4% increase from Natural Gas Services Group’s previous quarterly dividend of $0.11.

Natural Gas Services Group Stock Up 3.4%

NYSE:NGS opened at $40.08 on Tuesday. The firm has a market capitalization of $504.61 million, a PE ratio of 25.53 and a beta of 0.43. The stock has a 50 day moving average of $38.56 and a 200-day moving average of $34.90. Natural Gas Services Group has a 52 week low of $21.23 and a 52 week high of $41.51. The company has a current ratio of 2.33, a quick ratio of 1.49 and a debt-to-equity ratio of 0.84.

Natural Gas Services Group (NYSE:NGSGet Free Report) last posted its earnings results on Monday, May 11th. The oil and gas company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.45 by $0.08. The company had revenue of $48.47 million during the quarter, compared to analyst estimates of $47.09 million. Natural Gas Services Group had a return on equity of 7.43% and a net margin of 11.56%. Analysts predict that Natural Gas Services Group will post 1.96 EPS for the current year.

Insider Activity at Natural Gas Services Group

In related news, Director Stephen Charles Taylor sold 70,000 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $37.58, for a total value of $2,630,600.00. Following the completion of the transaction, the director directly owned 205,432 shares of the company’s stock, valued at $7,720,134.56. This represents a 25.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.12% of the company’s stock.

Hedge Funds Weigh In On Natural Gas Services Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Natural Gas Services Group by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 611,653 shares of the oil and gas company’s stock worth $17,120,000 after buying an additional 7,345 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Natural Gas Services Group by 0.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 509,714 shares of the oil and gas company’s stock worth $13,156,000 after buying an additional 2,424 shares in the last quarter. Weber Capital Management LLC ADV bought a new position in Natural Gas Services Group in the 4th quarter worth approximately $16,777,000. Royce & Associates LP grew its holdings in Natural Gas Services Group by 2.5% in the 3rd quarter. Royce & Associates LP now owns 361,571 shares of the oil and gas company’s stock worth $10,120,000 after buying an additional 8,784 shares in the last quarter. Finally, Cannell Capital LLC grew its holdings in Natural Gas Services Group by 8.3% in the 3rd quarter. Cannell Capital LLC now owns 359,021 shares of the oil and gas company’s stock worth $10,049,000 after buying an additional 27,405 shares in the last quarter. 65.62% of the stock is owned by institutional investors.

About Natural Gas Services Group

(Get Free Report)

Natural Gas Services Group, Inc (NYSE: NGS) is an energy infrastructure company specializing in natural gas distribution and compression services across the United States. The company operates two primary lines of business: the Distribution segment provides natural gas delivery to residential, commercial and industrial customers, while the Compression Services segment rents, sells and services a diversified fleet of compression equipment for midstream and industrial applications.

In its Distribution segment, Natural Gas Services Group engineers, constructs and maintains local pipeline networks, meters and related apparatus to ensure safe and reliable natural gas supply to municipal utilities and private customers.

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