Natural Gas Services Group, Inc. (NYSE:NGS) Short Interest Update

Natural Gas Services Group, Inc. (NYSE:NGS) saw a large drop in short interest in October. As of October 31st, there was short interest totalling 126,500 shares, a drop of 17.6% from the October 15th total of 153,500 shares. Currently, 1.3% of the company’s stock are short sold. Based on an average trading volume of 49,200 shares, the days-to-cover ratio is presently 2.6 days.

Insider Buying and Selling

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 4,690 shares of Natural Gas Services Group stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $22.14, for a total transaction of $103,836.60. Following the completion of the transaction, the director now owns 551,568 shares in the company, valued at approximately $12,211,715.52. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 13,158 shares of company stock worth $303,350 in the last three months. 7.25% of the stock is owned by corporate insiders.

Institutional Trading of Natural Gas Services Group

Several hedge funds have recently modified their holdings of NGS. MetLife Investment Management LLC grew its holdings 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 last quarter. BNP Paribas Financial Markets grew its stake in Natural Gas Services Group by 54.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock valued at $165,000 after purchasing an additional 3,056 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Natural Gas Services Group in the second quarter valued at about $208,000. Rhumbline Advisers raised its stake in shares of 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 last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Natural Gas Services Group during the third quarter worth about $261,000. 65.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NGS has been the topic of a number of research reports. StockNews.com downgraded Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. 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 target price on the stock.

Natural Gas Services Group Price Performance

Natural Gas Services Group stock opened at $24.95 on Friday. Natural Gas Services Group has a 52-week low of $12.75 and a 52-week high of $25.24. The company has a quick ratio of 1.66, a current ratio of 2.34 and a debt-to-equity ratio of 0.66. The firm’s fifty day moving average is $20.45 and its 200 day moving average is $20.60. The company has a market cap of $311.13 million, a price-to-earnings ratio of 19.49 and a beta of 1.03.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings results on Wednesday, August 14th. The oil and gas company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Natural Gas Services Group had a net margin of 10.55% and a return on equity of 6.67%. The firm had revenue of $38.49 million during the quarter, compared to analysts’ expectations of $36.79 million. During the same period in the previous year, the company earned $0.10 EPS. Sell-side analysts forecast that Natural Gas Services Group will post 1.23 EPS for the current fiscal year.

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.