Shares of Natural Gas Services Group, Inc. (NYSE:NGS – Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $36.13 and traded as high as $42.31. Natural Gas Services Group shares last traded at $40.97, with a volume of 102,840 shares.
Wall Street Analyst Weigh In
NGS has been the topic of several analyst reports. Stifel Nicolaus boosted their price target on shares of Natural Gas Services Group from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Zacks Research raised shares of Natural Gas Services Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $44.50.
View Our Latest Analysis on NGS
Natural Gas Services Group Trading Down 4.8%
Natural Gas Services Group (NYSE:NGS – Get Free Report) last announced its quarterly earnings results on Monday, May 11th. The oil and gas company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.08. The firm had revenue of $48.47 million during the quarter, compared to the consensus estimate of $47.09 million. Natural Gas Services Group had a net margin of 12.17% and a return on equity of 7.99%. As a group, sell-side analysts predict that Natural Gas Services Group, Inc. will post 2.02 EPS for the current fiscal year.
Natural Gas Services Group Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th will be given a dividend of $0.15 per share. This is a boost from Natural Gas Services Group’s previous quarterly dividend of $0.11. The ex-dividend date is Wednesday, May 20th. This represents a $0.60 dividend on an annualized basis and a yield of 1.5%. Natural Gas Services Group’s dividend payout ratio is currently 34.88%.
Insiders Place Their Bets
In related news, Director Stephen Charles Taylor sold 30,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $37.23, for a total transaction of $1,116,900.00. Following the completion of the sale, the director directly owned 175,432 shares of the company’s stock, valued at $6,531,333.36. This trade represents a 14.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.12% of the stock is owned by corporate insiders.
Institutional Trading of Natural Gas Services Group
Hedge funds and other institutional investors have recently made changes to their positions in the business. Zions Bancorporation National Association UT acquired a new position in Natural Gas Services Group during the 4th quarter worth about $27,000. State of Alaska Department of Revenue acquired a new stake in Natural Gas Services Group in the 4th quarter valued at about $30,000. New York State Common Retirement Fund raised its stake in shares of Natural Gas Services Group by 106.7% in the third quarter. New York State Common Retirement Fund now owns 3,100 shares of the oil and gas company’s stock worth $87,000 after acquiring an additional 1,600 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Natural Gas Services Group in the fourth quarter worth about $106,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Natural Gas Services Group during the fourth quarter worth approximately $114,000. 65.62% of the stock is currently owned by institutional investors and hedge funds.
Natural Gas Services Group Company Profile
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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