Natural Gas Services Group (NYSE:NGS) Director Sells $1,116,900.00 in Stock

Natural Gas Services Group, Inc. (NYSE:NGS) Director Stephen Charles Taylor sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $37.23, for a total value of $1,116,900.00. Following the transaction, the director owned 175,432 shares in the company, valued at $6,531,333.36. This represents a 14.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, March 5th, Stephen Charles Taylor sold 70,000 shares of Natural Gas Services Group stock. The stock was sold at an average price of $37.58, for a total value of $2,630,600.00.
• On Wednesday, December 10th, Stephen Charles Taylor sold 10,000 shares of Natural Gas Services Group stock. The shares were sold at an average price of $33.16, for a total value of $331,600.00.

Natural Gas Services Group Stock Performance

Shares of NGS stock traded up $0.56 during trading hours on Monday, hitting $38.36. The stock had a trading volume of 177,706 shares, compared to its average volume of 141,085. The firm has a market capitalization of $482.15 million, a PE ratio of 25.92 and a beta of 0.34. Natural Gas Services Group, Inc. has a twelve month low of $16.73 and a twelve month high of $40.00. The stock’s 50 day moving average is $35.70 and its 200 day moving average is $31.26. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.83 and a quick ratio of 1.06.

Natural Gas Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were given a $0.11 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $0.44 annualized dividend and a yield of 1.1%. Natural Gas Services Group’s dividend payout ratio is 29.73%.

Analyst Upgrades and Downgrades

NGS has been the topic of several research reports. Zacks Research downgraded shares of Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Natural Gas Services Group in a research note on Monday, December 29th. Stifel Nicolaus raised their price target on Natural Gas Services Group from $33.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Finally, Raymond James Financial cut Natural Gas Services Group from a “strong-buy” rating to an “outperform” rating and boosted their price target for the company from $34.00 to $42.00 in a research report on Tuesday, January 13th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Natural Gas Services Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

Institutional Investors Weigh In On Natural Gas Services Group

Several hedge funds have recently modified their holdings of NGS. Vanguard Group Inc. grew its position in Natural Gas Services Group by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 611,653 shares of the oil and gas company’s stock valued at $17,120,000 after buying an additional 7,345 shares during the last quarter. Ameriprise Financial Inc. raised its position in Natural Gas Services Group by 0.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 509,714 shares of the oil and gas company’s stock worth $13,156,000 after buying an additional 2,424 shares during the last quarter. Weber Capital Management LLC ADV acquired a new stake in shares of Natural Gas Services Group in the 4th quarter worth $16,777,000. Royce & Associates LP lifted its stake in shares of Natural Gas Services Group by 2.5% in the 3rd quarter. Royce & Associates LP now owns 361,571 shares of the oil and gas company’s stock worth $10,120,000 after acquiring an additional 8,784 shares during the period. Finally, Cannell Capital LLC boosted 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 acquiring an additional 27,405 shares in the last quarter. 65.62% of the stock is owned by institutional investors and hedge funds.

Natural Gas Services Group Company 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.