Stephen Charles Taylor Sells 3,874 Shares of Natural Gas Services Group, Inc. (NGS) Stock
Natural Gas Services Group, Inc. (NYSE:NGS) CEO Stephen Charles Taylor sold 3,874 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $28.58, for a total value of $110,718.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Natural Gas Services Group, Inc. (NYSE:NGS) traded up 0.18% on Wednesday, reaching $28.55. The company had a trading volume of 13,998 shares. Natural Gas Services Group, Inc. has a 12 month low of $20.65 and a 12 month high of $34.50. The company has a market capitalization of $369.35 million, a price-to-earnings ratio of 110.66 and a beta of 1.28. The stock has a 50 day moving average price of $24.89 and a 200-day moving average price of $25.67.
Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). The company had revenue of $16.20 million during the quarter, compared to the consensus estimate of $16.03 million. Natural Gas Services Group had a return on equity of 1.41% and a net margin of 4.85%. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same period last year, the business posted $0.10 EPS. Analysts forecast that Natural Gas Services Group, Inc. will post $0.18 EPS for the current fiscal year.
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A number of research analysts have recently issued reports on the company. Seaport Global Securities reissued a “buy” rating on shares of Natural Gas Services Group in a report on Friday, August 4th. ValuEngine lowered Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Zacks Investment Research lowered Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Finally, Imperial Capital assumed coverage on Natural Gas Services Group in a report on Wednesday, August 23rd. They issued an “outperform” rating and a $27.00 target price on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $32.67.
A number of institutional investors have recently made changes to their positions in NGS. Teachers Advisors LLC raised its stake in Natural Gas Services Group by 0.8% during the 4th quarter. Teachers Advisors LLC now owns 30,140 shares of the oil and gas company’s stock valued at $969,000 after acquiring an additional 225 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Natural Gas Services Group during the 1st quarter valued at $623,000. Wells Fargo & Company MN raised its stake in Natural Gas Services Group by 18.2% during the 1st quarter. Wells Fargo & Company MN now owns 28,665 shares of the oil and gas company’s stock valued at $747,000 after acquiring an additional 4,420 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Natural Gas Services Group by 2.6% during the 1st quarter. Bank of New York Mellon Corp now owns 567,437 shares of the oil and gas company’s stock valued at $14,781,000 after acquiring an additional 14,359 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in Natural Gas Services Group during the 1st quarter valued at $266,000. 89.28% of the stock is currently owned by hedge funds and other institutional investors.
Natural Gas Services Group Company Profile
Natural Gas Services Group, Inc is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales.
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