OneDigital Investment Advisors LLC Invests $644,000 in Natural Gas Services Group, Inc. $NGS

OneDigital Investment Advisors LLC bought a new stake in Natural Gas Services Group, Inc. (NYSE:NGS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,931 shares of the oil and gas company’s stock, valued at approximately $644,000.

Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd increased its position in Natural Gas Services Group by 4.9% during the first quarter. R Squared Ltd now owns 10,594 shares of the oil and gas company’s stock worth $400,000 after acquiring an additional 495 shares during the period. Osaic Holdings Inc. boosted its holdings in Natural Gas Services Group by 10.4% in the 4th quarter. Osaic Holdings Inc. now owns 6,818 shares of the oil and gas company’s stock valued at $229,000 after purchasing an additional 642 shares during the period. Royal Bank of Canada boosted its holdings in Natural Gas Services Group by 20.1% in the 4th quarter. Royal Bank of Canada now owns 4,602 shares of the oil and gas company’s stock valued at $154,000 after purchasing an additional 771 shares during the period. Zions Bancorporation National Association UT acquired a new position in shares of Natural Gas Services Group during the 4th quarter worth approximately $27,000. Finally, State of Wyoming acquired a new position in shares of Natural Gas Services Group during the 2nd quarter worth approximately $36,000. 65.62% of the stock is currently owned by institutional investors and hedge funds.

Natural Gas Services Group Price Performance

Shares of NYSE:NGS opened at $37.55 on Wednesday. The firm has a 50 day moving average of $39.49 and a 200-day moving average of $39.04. Natural Gas Services Group, Inc. has a 12 month low of $24.73 and a 12 month high of $44.60. The company has a current ratio of 2.01, a quick ratio of 1.12 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $484.45 million, a PE ratio of 23.33 and a beta of 0.42.

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

Natural Gas Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.60 annualized dividend and a yield of 1.6%. Natural Gas Services Group’s dividend payout ratio is presently 37.27%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NGS. Stifel Nicolaus increased their price target on Natural Gas Services Group from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Weiss Ratings cut Natural Gas Services Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. 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, Zacks Research lowered Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Natural Gas Services Group currently has an average rating of “Moderate Buy” and an average price target of $50.50.

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.