Insider Selling: Natural Gas Services Group, Inc. (NGS) VP Sells 6,410 Shares of Stock

Natural Gas Services Group, Inc. (NYSE:NGS) VP James R. Hazlett sold 6,410 shares of Natural Gas Services Group stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $28.98, for a total value of $185,761.80. Following the completion of the sale, the vice president now directly owns 48,109 shares in the company, valued at $1,394,198.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Natural Gas Services Group, Inc. (NYSE:NGS) traded up $0.15 on Wednesday, reaching $29.00. The company had a trading volume of 23,564 shares, compared to its average volume of 28,777. The stock has a market capitalization of $375.18, a price-to-earnings ratio of 161.11 and a beta of 1.28. Natural Gas Services Group, Inc. has a 12 month low of $22.40 and a 12 month high of $31.30.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). The company had revenue of $15.91 million during the quarter, compared to analysts’ expectations of $18.05 million. Natural Gas Services Group had a return on equity of 0.98% and a net margin of 3.41%. The company’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 EPS. equities research analysts expect that Natural Gas Services Group, Inc. will post 0.16 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NGS. Franklin Resources Inc. grew its position in Natural Gas Services Group by 33.3% in the second quarter. Franklin Resources Inc. now owns 928,700 shares of the oil and gas company’s stock worth $23,078,000 after acquiring an additional 232,000 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Natural Gas Services Group by 875.0% during the third quarter. JPMorgan Chase & Co. now owns 140,925 shares of the oil and gas company’s stock valued at $4,122,000 after buying an additional 126,471 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Natural Gas Services Group by 33.6% during the second quarter. Ameriprise Financial Inc. now owns 219,132 shares of the oil and gas company’s stock valued at $5,445,000 after buying an additional 55,100 shares during the period. Monarch Partners Asset Management LLC boosted its position in shares of Natural Gas Services Group by 364.8% during the third quarter. Monarch Partners Asset Management LLC now owns 67,440 shares of the oil and gas company’s stock valued at $1,915,000 after buying an additional 52,930 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Natural Gas Services Group by 6.6% during the second quarter. Northern Trust Corp now owns 575,993 shares of the oil and gas company’s stock valued at $14,313,000 after buying an additional 35,559 shares during the period. Institutional investors own 90.24% of the company’s stock.

Separately, Zacks Investment Research raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, November 30th.

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About Natural Gas Services Group

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.

Insider Buying and Selling by Quarter for Natural Gas Services Group (NYSE:NGS)

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