Two Sigma Investments LP Decreases Stock Position in Natural Gas Services Group, Inc. (NYSE:NGS)

Two Sigma Investments LP cut its position in Natural Gas Services Group, Inc. (NYSE:NGS) by 46.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,791 shares of the oil and gas company’s stock after selling 10,288 shares during the quarter. Two Sigma Investments LP’s holdings in Natural Gas Services Group were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Natural Gas Services Group in the fourth quarter valued at $128,000. Wells Fargo & Company MN boosted its stake in shares of Natural Gas Services Group by 31.5% in the fourth quarter. Wells Fargo & Company MN now owns 6,022 shares of the oil and gas company’s stock valued at $161,000 after purchasing an additional 1,443 shares during the period. FCA Corp TX purchased a new position in shares of Natural Gas Services Group in the fourth quarter valued at $188,000. Net Worth Advisory Group purchased a new position in shares of Natural Gas Services Group in the fourth quarter valued at $213,000. Finally, Proficio Capital Partners LLC bought a new position in Natural Gas Services Group during the 4th quarter valued at $214,000. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NGS has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 21st. Raymond James reiterated a “strong-buy” rating and set a $32.00 price objective (down from $33.00) on shares of Natural Gas Services Group in a research note on Wednesday, March 19th. Finally, Stifel Nicolaus increased their price objective on shares of Natural Gas Services Group from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, May 16th.

Insiders Place Their Bets

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 25,000 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $24.90, for a total transaction of $622,500.00. Following the sale, the director now directly owns 433,334 shares of the company’s stock, valued at approximately $10,790,016.60. This represents a 5.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.08% of the stock is owned by corporate insiders.

Natural Gas Services Group Trading Up 0.9%

NYSE NGS opened at $25.14 on Wednesday. Natural Gas Services Group, Inc. has a 12 month low of $16.70 and a 12 month high of $29.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. The company has a market capitalization of $314.97 million, a price-to-earnings ratio of 19.64 and a beta of 0.65. The company’s fifty day moving average price is $21.31 and its two-hundred day moving average price is $24.10.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings data on Monday, May 12th. The oil and gas company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.11. The firm had revenue of $41.38 million for the quarter, compared to the consensus estimate of $40.52 million. Natural Gas Services Group had a net margin of 10.55% and a return on equity of 6.60%. As a group, research analysts predict that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current fiscal year.

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.