Insider Selling: Natural Gas Services Group, Inc. (NYSE:NGS) Director Sells 10,000 Shares of Stock

Posted by Chris Copeland on Nov 29th, 2024

Natural Gas Services Group, Inc. (NYSE:NGS – Get Free Report) Director Stephen Charles Taylor sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $28.00, for a total value of $280,000.00. Following the completion of the sale, the director now owns 468,387 shares of the company’s stock, valued at $13,114,836. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

On Monday, November 25th, Stephen Charles Taylor sold 600 shares of Natural Gas Services Group stock. The stock was sold at an average price of $28.50, for a total value of $17,100.00.
On Wednesday, November 20th, Stephen Charles Taylor sold 1,521 shares of Natural Gas Services Group stock. The stock was sold at an average price of $26.00, for a total value of $39,546.00.
On Monday, November 18th, Stephen Charles Taylor sold 3,442 shares of Natural Gas Services Group stock. The stock was sold at an average price of $25.51, for a total value of $87,805.42.
On Friday, November 15th, Stephen Charles Taylor sold 10,042 shares of Natural Gas Services Group stock. The stock was sold at an average price of $25.01, for a total value of $251,150.42.
On Wednesday, November 13th, Stephen Charles Taylor sold 2,191 shares of Natural Gas Services Group stock. The shares were sold at an average price of $24.50, for a total value of $53,679.50.
On Monday, November 11th, Stephen Charles Taylor sold 3,096 shares of Natural Gas Services Group stock. The shares were sold at an average price of $24.50, for a total value of $75,852.00.

Natural Gas Services Group Price Performance

NGS opened at $27.53 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.76. Natural Gas Services Group, Inc. has a 52-week low of $12.75 and a 52-week high of $28.50. The stock has a market capitalization of $343.30 million, a PE ratio of 21.51 and a beta of 1.03. The stock’s 50 day moving average price is $21.65 and its 200-day moving average price is $20.81.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NGS. Raymond James began coverage on Natural Gas Services Group in a research report on Wednesday, August 7th. They issued a “strong-buy” rating and a $27.00 price objective for the company. StockNews.com upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th.

Check Out Our Latest Stock Analysis on NGS

Hedge Funds Weigh In On Natural Gas Services Group

Hedge funds have recently made changes to their positions in the business. MetLife Investment Management LLC increased its stake in shares of Natural Gas Services Group by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 3,564 shares during the period. BNP Paribas Financial Markets grew its stake in Natural Gas Services Group by 54.7% in the third quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock worth $165,000 after purchasing an additional 3,056 shares during the period. Acadian Asset Management LLC purchased a new stake in Natural Gas Services Group in the second quarter worth $208,000. Rhumbline Advisers grew its stake in Natural Gas Services Group by 2,513.0% in the second 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 period. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Natural Gas Services Group in the third quarter worth $261,000. 65.62% of the stock is owned by hedge funds and other institutional investors.

Natural Gas Services Group Company Profile

(Get Free Report)

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.