Short Interest in Natural Gas Services Group, Inc. (NYSE:NGS) Decreases By 17.6%

Natural Gas Services Group, Inc. (NYSE:NGS) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 126,500 shares, a decrease 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.

Natural Gas Services Group Stock Performance

NGS traded up $0.63 during trading on Friday, reaching $25.02. The company’s stock had a trading volume of 106,744 shares, compared to its average volume of 65,408. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.66 and a current ratio of 2.34. The company’s fifty day moving average price is $20.33 and its 200-day moving average price is $20.60. Natural Gas Services Group has a 52-week low of $12.75 and a 52-week high of $25.24. The company has a market capitalization of $312.00 million, a price-to-earnings ratio of 23.16 and a beta of 1.03.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings results on Wednesday, August 14th. The oil and gas company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $38.49 million for the quarter, compared to the consensus estimate of $36.79 million. Natural Gas Services Group had a return on equity of 5.53% and a net margin of 9.25%. During the same period in the previous year, the business earned $0.10 earnings per share. On average, equities analysts forecast that Natural Gas Services Group will post 1.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NGS has been the subject of several research analyst reports. Raymond James started coverage on Natural Gas Services Group in a report on Wednesday, August 7th. They issued a “strong-buy” rating and a $27.00 price objective for the company. StockNews.com downgraded shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday.

Insider Transactions at Natural Gas Services Group

In related news, Director Stephen Charles Taylor sold 3,181 shares of the business’s stock in a transaction on Monday, August 26th. The shares were sold at an average price of $22.00, for a total value of $69,982.00. Following the completion of the sale, the director now directly owns 548,387 shares of the company’s stock, valued at $12,064,514. The trade was a 0.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders sold 13,158 shares of company stock valued at $303,350. 7.25% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Natural Gas Services Group

Institutional investors have recently made changes to their positions in the stock. MetLife Investment Management LLC grew its holdings in shares of Natural Gas Services Group by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock worth $121,000 after acquiring an additional 3,564 shares during the period. BNP Paribas Financial Markets increased its position in shares of Natural Gas Services Group by 54.7% in the third quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock valued at $165,000 after buying an additional 3,056 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Natural Gas Services Group during the 2nd quarter worth $208,000. Rhumbline Advisers boosted its position in shares of Natural Gas Services Group by 2,513.0% in the 2nd quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock worth $243,000 after buying an additional 11,610 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Natural Gas Services Group in the 3rd quarter valued at about $261,000. 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.