Schwab Charles Investment Management Inc. Acquires 6,086 Shares of Natural Gas Services Group, Inc. (NGS)

Schwab Charles Investment Management Inc. grew its holdings in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 9.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,782 shares of the oil and gas company’s stock after buying an additional 6,086 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.56% of Natural Gas Services Group worth $1,718,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NGS. California Public Employees Retirement System lifted its stake in shares of Natural Gas Services Group by 10.8% during the first quarter. California Public Employees Retirement System now owns 32,587 shares of the oil and gas company’s stock valued at $777,000 after acquiring an additional 3,187 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Natural Gas Services Group by 38.2% during the first quarter. Russell Investments Group Ltd. now owns 72,165 shares of the oil and gas company’s stock valued at $1,722,000 after acquiring an additional 19,965 shares during the period. Segall Bryant & Hamill LLC acquired a new position in shares of Natural Gas Services Group during the first quarter valued at $575,000. Wedge Capital Management L L P NC lifted its stake in shares of Natural Gas Services Group by 17.0% during the second quarter. Wedge Capital Management L L P NC now owns 61,856 shares of the oil and gas company’s stock valued at $1,460,000 after acquiring an additional 8,970 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Natural Gas Services Group by 14.2% during the second quarter. Victory Capital Management Inc. now owns 60,755 shares of the oil and gas company’s stock valued at $1,434,000 after acquiring an additional 7,541 shares during the period. Hedge funds and other institutional investors own 90.89% of the company’s stock.

Several equities analysts have recently issued reports on NGS shares. ValuEngine raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Seaport Global Securities set a $24.00 target price on Natural Gas Services Group and gave the company a “buy” rating in a research note on Friday, August 17th. Zacks Investment Research raised Natural Gas Services Group from a “sell” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Thursday, July 12th. Finally, Argus increased their target price on Natural Gas Services Group from $106.00 to $115.00 and gave the company a “buy” rating in a research note on Monday, June 25th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Natural Gas Services Group presently has a consensus rating of “Buy” and an average target price of $55.33.

NYSE:NGS opened at $19.47 on Friday. Natural Gas Services Group, Inc. has a 1-year low of $18.78 and a 1-year high of $29.35. The stock has a market capitalization of $276.13 million, a price-to-earnings ratio of 177.00 and a beta of 1.35.

Natural Gas Services Group (NYSE:NGS) last released its earnings results on Thursday, August 9th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.04). Natural Gas Services Group had a net margin of 30.05% and a return on equity of 0.53%. The company had revenue of $18.20 million during the quarter, compared to analyst estimates of $17.54 million. Equities research analysts expect that Natural Gas Services Group, Inc. will post 0.11 EPS for the current fiscal year.

In other Natural Gas Services Group news, CEO Stephen Charles Taylor sold 1,306 shares of the stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $22.51, for a total value of $29,398.06. Following the transaction, the chief executive officer now owns 319,982 shares of the company’s stock, valued at $7,202,794.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 21,106 shares of company stock worth $466,551 in the last three months. Insiders own 6.61% of the company’s stock.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides gas compression equipment and services to the natural gas and oil industry in the United States. The company engages in the rental of small to medium horsepower compression equipment to non-conventional natural gas and oil production businesses. As of December 31, 2017, it had 2,546 natural gas compressors in its rental fleet totaling 369,961 horsepower.

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Institutional Ownership by Quarter for Natural Gas Services Group (NYSE:NGS)

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