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

Natural Gas Services Group, Inc. (NYSE:NGS) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 258,900 shares, a growth of 166.4% from the June 30th total of 97,200 shares. Approximately 2.7% of the company’s shares are sold short. Based on an average daily volume of 89,200 shares, the days-to-cover ratio is currently 2.9 days.

Analysts Set New Price Targets

Several research firms have recently weighed in on NGS. Stifel Nicolaus lifted their target price on Natural Gas Services Group from $18.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. StockNews.com upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Friday, May 24th.

Natural Gas Services Group Price Performance

NYSE NGS opened at $20.34 on Friday. The company has a market cap of $252.97 million, a PE ratio of 26.76 and a beta of 1.09. The firm’s 50 day moving average price is $20.34 and its 200-day moving average price is $19.32. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.46 and a current ratio of 3.23. Natural Gas Services Group has a 52-week low of $10.00 and a 52-week high of $25.24.

Natural Gas Services Group (NYSE:NGS) last posted its earnings results on Wednesday, May 15th. The oil and gas company reported $0.41 earnings per share for the quarter. Natural Gas Services Group had a return on equity of 4.35% and a net margin of 7.21%. The company had revenue of $36.91 million during the quarter.

Insider Buying and Selling

In other Natural Gas Services Group news, CEO Justin Jacobs bought 2,500 shares of the company’s stock in a transaction on Friday, June 14th. The stock was acquired at an average price of $19.08 per share, for a total transaction of $47,700.00. Following the completion of the transaction, the chief executive officer now directly owns 2,862 shares of the company’s stock, valued at $54,606.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 6.93% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Natural Gas Services Group

A number of hedge funds have recently made changes to their positions in the stock. AJOVista LLC bought a new position in Natural Gas Services Group in the fourth quarter worth about $38,000. Tower Research Capital LLC TRC lifted its position in Natural Gas Services Group by 6,586.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,343 shares of the oil and gas company’s stock valued at $54,000 after acquiring an additional 3,293 shares during the last quarter. Citigroup Inc. acquired a new stake in Natural Gas Services Group in the third quarter valued at approximately $129,000. Jump Financial LLC purchased a new position in Natural Gas Services Group in the fourth quarter worth $175,000. Finally, Perritt Capital Management Inc. increased its position in shares of Natural Gas Services Group by 51.0% during the first quarter. Perritt Capital Management Inc. now owns 15,100 shares of the oil and gas company’s stock worth $293,000 after purchasing an additional 5,100 shares in the last quarter. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

Natural Gas Services Group Company Profile

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.