ExodusPoint Capital Management LP Acquires Shares of 8,939 Natural Gas Services Group, Inc. (NYSE:NGS)

ExodusPoint Capital Management LP acquired a new stake in Natural Gas Services Group, Inc. (NYSE:NGS) in the fourth quarter, Holdings Channel.com reports. The firm acquired 8,939 shares of the oil and gas company’s stock, valued at approximately $240,000.

Other large investors have also made changes to their positions in the company. Brandywine Global Investment Management LLC purchased a new stake in Natural Gas Services Group in the 4th quarter worth $252,000. JPMorgan Chase & Co. grew its position in shares of Natural Gas Services Group by 34.3% in the fourth quarter. JPMorgan Chase & Co. now owns 46,404 shares of the oil and gas company’s stock valued at $1,244,000 after purchasing an additional 11,856 shares during the period. FCA Corp TX acquired a new stake in shares of Natural Gas Services Group in the fourth quarter valued at about $188,000. Crown Advisors Management Inc. purchased a new stake in shares of Natural Gas Services Group during the fourth quarter worth about $2,680,000. Finally, First Eagle Investment Management LLC raised its position in shares of Natural Gas Services Group by 119.8% during the 4th quarter. First Eagle Investment Management LLC now owns 229,294 shares of the oil and gas company’s stock worth $6,145,000 after purchasing an additional 124,978 shares during the last quarter. 65.62% of the stock is owned by institutional investors and hedge funds.

Natural Gas Services Group Price Performance

Shares of NYSE NGS opened at $18.56 on Monday. The firm has a 50-day simple moving average of $23.12 and a 200-day simple moving average of $24.01. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $232.07 million, a price-to-earnings ratio of 14.50 and a beta of 0.77. Natural Gas Services Group, Inc. has a 52 week low of $16.70 and a 52 week high of $29.74.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings data on Monday, March 17th. The oil and gas company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $40.66 million during the quarter, compared to the consensus estimate of $40.84 million. Natural Gas Services Group had a net margin of 10.55% and a return on equity of 6.60%. During the same quarter in the prior year, the firm earned $0.14 EPS. On average, equities analysts predict that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NGS shares. StockNews.com upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 26th. Raymond James reiterated a “strong-buy” rating and set a $32.00 price target (down from $33.00) on shares of Natural Gas Services Group in a research report on Wednesday, March 19th.

Insider Activity at Natural Gas Services Group

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 19,400 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total value of $558,720.00. Following the completion of the sale, the director now directly owns 438,387 shares in the company, valued at $12,625,545.60. This represents a 4.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.25% of the company’s stock.

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.