Vanguard Group Inc. Sells 1,840 Shares of Natural Gas Services Group, Inc. (NYSE:NGS)

Vanguard Group Inc. cut its position in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 0.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 608,044 shares of the oil and gas company’s stock after selling 1,840 shares during the quarter. Vanguard Group Inc.’s holdings in Natural Gas Services Group were worth $16,296,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Natural Gas Services Group during the fourth quarter valued at $128,000. Net Worth Advisory Group purchased a new stake in Natural Gas Services Group in the 4th quarter valued at about $213,000. Proficio Capital Partners LLC purchased a new stake in Natural Gas Services Group in the 4th quarter valued at about $214,000. Calamos Advisors LLC bought a new position in Natural Gas Services Group in the 4th quarter worth about $279,000. Finally, Barclays PLC increased its position in shares of Natural Gas Services Group by 47.5% during the third quarter. Barclays PLC now owns 17,301 shares of the oil and gas company’s stock worth $331,000 after acquiring an additional 5,575 shares during the period. 65.62% of the stock is currently owned by institutional investors.

Natural Gas Services Group Price Performance

Shares of NGS opened at $19.42 on Friday. Natural Gas Services Group, Inc. has a twelve month low of $16.70 and a twelve month high of $29.74. The company has a 50 day moving average of $22.68 and a two-hundred day moving average of $23.93. 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 company has a market cap of $242.82 million, a price-to-earnings ratio of 15.17 and a beta of 0.77.

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

Wall Street Analyst Weigh In

NGS has been the subject of a number of research analyst reports. Raymond James reaffirmed a “strong-buy” rating and set a $32.00 target price (down from $33.00) on shares of Natural Gas Services Group in a research report on Wednesday, March 19th. StockNews.com upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Tuesday.

Insider Buying and Selling at Natural Gas Services Group

In other news, Director Stephen Charles Taylor sold 19,400 shares of the business’s stock in a transaction that occurred 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. The trade was a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company 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.