Natural Gas Services Group (NYSE:NGS) Director Stephen Charles Taylor Sells 11,457 Shares

Natural Gas Services Group, Inc. (NYSE:NGS) Director Stephen Charles Taylor sold 11,457 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $27.95, for a total transaction of $320,223.15. Following the transaction, the director owned 385,432 shares of the company’s stock, valued at $10,772,824.40. This represents a 2.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Stephen Charles Taylor also recently made the following trade(s):

• On Friday, September 19th, Stephen Charles Taylor sold 63 shares of Natural Gas Services Group stock. The shares were sold at an average price of $27.50, for a total transaction of $1,732.50.
• On Thursday, September 18th, Stephen Charles Taylor sold 1,638 shares of Natural Gas Services Group stock. The shares were sold at an average price of $27.50, for a total transaction of $45,045.00.
• On Wednesday, September 17th, Stephen Charles Taylor sold 6,553 shares of Natural Gas Services Group stock. The shares were sold at an average price of $27.51, for a total transaction of $180,273.03.
• On Tuesday, September 16th, Stephen Charles Taylor sold 289 shares of Natural Gas Services Group stock. The shares were sold at an average price of $27.50, for a total transaction of $7,947.50.
• On Thursday, September 4th, Stephen Charles Taylor sold 10,000 shares of Natural Gas Services Group stock. The shares were sold at an average price of $27.00, for a total transaction of $270,000.00.
• On Friday, August 22nd, Stephen Charles Taylor sold 20,000 shares of Natural Gas Services Group stock. The shares were sold at an average price of $26.25, for a total transaction of $525,000.00.

Natural Gas Services Group Price Performance

NGS stock opened at $28.19 on Wednesday. The company has a current ratio of 1.97, a quick ratio of 1.23 and a debt-to-equity ratio of 0.68. Natural Gas Services Group, Inc. has a one year low of $16.73 and a one year high of $29.74. The firm has a market capitalization of $353.50 million, a PE ratio of 19.85 and a beta of 0.57. The firm has a 50-day moving average of $25.49 and a two-hundred day moving average of $23.64.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings data on Monday, August 11th. The oil and gas company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.09. Natural Gas Services Group had a net margin of 10.92% and a return on equity of 7.21%. The company had revenue of $41.38 million during the quarter, compared to analyst estimates of $41.87 million. On average, analysts forecast that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current year.

Natural Gas Services Group announced that its board has approved a share repurchase plan on Monday, August 11th that permits the company to buyback $6.00 million in shares. This buyback authorization permits the oil and gas company to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Natural Gas Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. Natural Gas Services Group’s dividend payout ratio is currently 28.17%.

Institutional Trading of Natural Gas Services Group

A number of hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in shares of Natural Gas Services Group by 4.5% in the fourth quarter. BNP Paribas Financial Markets now owns 9,040 shares of the oil and gas company’s stock worth $242,000 after purchasing an additional 393 shares in the last quarter. Man Group plc lifted its position in shares of Natural Gas Services Group by 3.9% in the fourth quarter. Man Group plc now owns 18,574 shares of the oil and gas company’s stock worth $498,000 after purchasing an additional 697 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its position in shares of Natural Gas Services Group by 105.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,424 shares of the oil and gas company’s stock worth $37,000 after purchasing an additional 731 shares in the last quarter. White Pine Capital LLC lifted its position in shares of Natural Gas Services Group by 1.5% in the second quarter. White Pine Capital LLC now owns 52,623 shares of the oil and gas company’s stock worth $1,358,000 after purchasing an additional 798 shares in the last quarter. Finally, Inspire Advisors LLC lifted its position in shares of Natural Gas Services Group by 5.8% in the second quarter. Inspire Advisors LLC now owns 15,930 shares of the oil and gas company’s stock worth $411,000 after purchasing an additional 871 shares in the last quarter. 65.62% of the stock is owned by hedge funds and other institutional investors.

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.