Trexquant Investment LP Sells 19,598 Shares of Natural Gas Services Group, Inc. (NYSE:NGS)

Trexquant Investment LP trimmed its stake in Natural Gas Services Group, Inc. (NYSE:NGS) by 51.4% in the fourth quarter, HoldingsChannel reports. The firm owned 18,508 shares of the oil and gas company’s stock after selling 19,598 shares during the period. Trexquant Investment LP’s holdings in Natural Gas Services Group were worth $496,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NGS. SG Americas Securities LLC acquired a new stake in shares of Natural Gas Services Group in the 4th quarter valued at about $128,000. BNP Paribas Financial Markets boosted its holdings in 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 worth $165,000 after acquiring an additional 3,056 shares in the last quarter. FCA Corp TX acquired a new stake in Natural Gas Services Group in the fourth quarter valued at approximately $188,000. Net Worth Advisory Group bought a new stake in shares of Natural Gas Services Group during the fourth quarter valued at approximately $213,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Natural Gas Services Group during the fourth quarter valued at approximately $214,000. 65.62% of the stock is owned by institutional investors.

Natural Gas Services Group Price Performance

NGS stock opened at $18.56 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.76. The business has a 50-day simple moving average of $23.12 and a two-hundred day simple moving average of $23.97. The company has a market capitalization of $232.07 million, a P/E 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 announced 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. The company had revenue of $40.66 million for the quarter, compared to analysts’ expectations of $40.84 million. Natural Gas Services Group had a return on equity of 6.60% and a net margin of 10.55%. During the same quarter in the previous year, the firm earned $0.14 earnings per share. Research analysts expect that Natural Gas Services Group, Inc. will post 1.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In related news, Director Stephen Charles Taylor sold 19,400 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total transaction of $558,720.00. Following the transaction, the director now directly owns 438,387 shares of the company’s stock, valued at $12,625,545.60. This trade represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 7.25% of the company’s stock.

About Natural Gas Services Group

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.