Natural Gas Services Group, Inc. $NGS Shares Bought by State of Wyoming

State of Wyoming boosted its position in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 2,122.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,536 shares of the oil and gas company’s stock after acquiring an additional 17,702 shares during the period. State of Wyoming’s holdings in Natural Gas Services Group were worth $600,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NGS. BlackRock Inc. purchased a new stake in shares of Natural Gas Services Group during the 2nd quarter worth $41,482,000. Weber Capital Management LLC ADV acquired a new position in Natural Gas Services Group during the second quarter worth approximately $20,694,776. AWM Investment Company Inc. acquired a new position in shares of Natural Gas Services Group in the 2nd quarter valued at $8,185,000. Cannell Capital LLC purchased a new position in Natural Gas Services Group during the 2nd quarter worth $5,279,775. Finally, Arrowstreet Capital Limited Partnership increased its stake in Natural Gas Services Group by 254.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 97,866 shares of the oil and gas company’s stock valued at $3,693,000 after purchasing an additional 70,233 shares during the period. 65.62% of the stock is currently owned by institutional investors and hedge funds.

Natural Gas Services Group Price Performance

NGS stock opened at $32.36 on Monday. Natural Gas Services Group, Inc. has a 1 year low of $27.22 and a 1 year high of $44.60. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.12 and a current ratio of 2.01. The stock’s 50 day moving average price is $33.79 and its 200 day moving average price is $37.41. The firm has a market cap of $417.38 million, a P/E ratio of 20.10 and a beta of 0.47.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings results on Monday, August 10th. The oil and gas company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.07. The company had revenue of $51.40 million during the quarter, compared to the consensus estimate of $50.24 million. Natural Gas Services Group had a return on equity of 8.10% and a net margin of 10.81%. On average, sell-side analysts expect that Natural Gas Services Group, Inc. will post 1.91 earnings per share for the current fiscal year.

Natural Gas Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.60 annualized dividend and a yield of 1.9%. Natural Gas Services Group’s payout ratio is presently 37.27%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NGS shares. Zacks Research cut shares of Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Raymond James Financial lifted their price objective on Natural Gas Services Group from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, July 10th. Finally, Weiss Ratings lowered shares of Natural Gas Services Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Natural Gas Services Group has a consensus rating of “Moderate Buy” and an average target price of $50.50.

Natural Gas Services Group Profile

Natural Gas Services Group, Inc provides natural gas compression equipment and services to oil and natural gas producers, processors and pipeline companies. The company designs, fabricates, sells and rents natural gas compressors used to maintain pressure and improve the flow of natural gas from production wells and through gathering and processing systems.

The company’s offerings include compressor packages, contract compression services, equipment fabrication and engineering support.