Stephen Charles Taylor Sells 3,181 Shares of Natural Gas Services Group, Inc. (NYSE:NGS) Stock

Natural Gas Services Group, Inc. (NYSE:NGS) Director Stephen Charles Taylor sold 3,181 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $22.00, for a total value of $69,982.00. Following the sale, the director now directly owns 548,387 shares of the company’s stock, valued at $12,064,514. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Stephen Charles Taylor also recently made the following trade(s):

• On Tuesday, August 20th, Stephen Charles Taylor sold 4,690 shares of Natural Gas Services Group stock. The shares were sold at an average price of $22.14, for a total transaction of $103,836.60.

Natural Gas Services Group Stock Down 2.2 %

NGS stock traded down $0.49 during midday trading on Wednesday, hitting $21.34. The company’s stock had a trading volume of 36,077 shares, compared to its average volume of 72,178. The firm has a 50-day simple moving average of $19.97 and a 200-day simple moving average of $20.21. The firm has a market capitalization of $265.41 million, a P/E ratio of 28.72 and a beta of 1.09. The company has a quick ratio of 2.46, a current ratio of 3.23 and a debt-to-equity ratio of 0.71. Natural Gas Services Group, Inc. has a 52-week low of $10.28 and a 52-week high of $25.24.

Natural Gas Services Group (NYSE:NGS) last released its earnings results on Wednesday, August 14th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. Natural Gas Services Group had a return on equity of 4.35% and a net margin of 7.21%. The firm had revenue of $38.49 million during the quarter, compared to analyst estimates of $36.79 million. During the same period last year, the business posted $0.10 earnings per share.

Wall Street Analysts Forecast Growth

NGS has been the subject of a number of research analyst reports. StockNews.com raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Friday, August 16th. Raymond James began coverage on Natural Gas Services Group in a research report on Wednesday, August 7th. They set a “strong-buy” rating and a $27.00 price target for the company.

Hedge Funds Weigh In On Natural Gas Services Group

A number of institutional investors and hedge funds have recently made changes to their positions in NGS. AJOVista LLC acquired a new stake in Natural Gas Services Group in the fourth quarter valued at approximately $38,000. Acadian Asset Management LLC purchased a new stake in shares of Natural Gas Services Group in the 2nd quarter valued at approximately $208,000. Jump Financial LLC acquired a new stake in shares of Natural Gas Services Group in the 4th quarter valued at $175,000. Rhumbline Advisers lifted its position in shares of Natural Gas Services Group by 2,513.0% during the 2nd quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock worth $243,000 after purchasing an additional 11,610 shares during the last quarter. Finally, Perritt Capital Management Inc. lifted its position in shares of Natural Gas Services Group by 51.0% during the 1st quarter. Perritt Capital Management Inc. now owns 15,100 shares of the oil and gas company’s stock worth $293,000 after purchasing an additional 5,100 shares during the last quarter. 65.62% of the stock is owned by institutional investors and hedge funds.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.