Brasada Capital Management LP Takes $516,000 Position in Natural Gas Services Group, Inc. $NGS

Brasada Capital Management LP bought a new stake in Natural Gas Services Group, Inc. (NYSE:NGS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,000 shares of the oil and gas company’s stock, valued at approximately $516,000. Brasada Capital Management LP owned approximately 0.12% of Natural Gas Services Group as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Weber Capital Management LLC ADV bought a new position in shares of Natural Gas Services Group in the fourth quarter valued at approximately $16,777,000. Phocas Financial Corp. bought a new position in shares of Natural Gas Services Group in the fourth quarter valued at approximately $1,470,000. Acuitas Investments LLC lifted its holdings in shares of Natural Gas Services Group by 8.2% in the third quarter. Acuitas Investments LLC now owns 216,700 shares of the oil and gas company’s stock valued at $6,065,000 after purchasing an additional 16,500 shares in the last quarter. Cannell Capital LLC lifted its holdings in shares of Natural Gas Services Group by 8.3% in the third quarter. Cannell Capital LLC now owns 359,021 shares of the oil and gas company’s stock valued at $10,049,000 after purchasing an additional 27,405 shares in the last quarter. Finally, Calamos Advisors LLC purchased a new stake in shares of Natural Gas Services Group during the fourth quarter valued at approximately $698,000. Institutional investors own 65.62% of the company’s stock.

Natural Gas Services Group Stock Performance

Shares of NGS opened at $42.53 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.77 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $535.73 million, a price-to-earnings ratio of 24.72 and a beta of 0.41. The stock has a 50 day moving average of $40.24 and a 200 day moving average of $37.01. Natural Gas Services Group, Inc. has a 12 month low of $22.72 and a 12 month high of $44.12.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings results on Monday, May 11th. The oil and gas company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.08. The company had revenue of $48.47 million during the quarter, compared to the consensus estimate of $47.09 million. Natural Gas Services Group had a return on equity of 7.99% and a net margin of 12.17%. As a group, sell-side analysts forecast that Natural Gas Services Group, Inc. will post 2.02 earnings per share for the current year.

Natural Gas Services Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Shareholders of record on Wednesday, May 20th were given a $0.15 dividend. This is an increase from Natural Gas Services Group’s previous quarterly dividend of $0.11. This represents a $0.60 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Wednesday, May 20th. Natural Gas Services Group’s dividend payout ratio (DPR) is 34.88%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NGS shares. Zacks Research raised Natural Gas Services Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Stifel Nicolaus increased their price target on Natural Gas Services Group from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Natural Gas Services Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.50.

Natural Gas Services Group 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.