Natural Gas Services Group (NYSE:NGS) Director Sells $642,400.00 in Stock

Natural Gas Services Group, Inc. (NYSE:NGS) Director Stephen Charles Taylor sold 20,000 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $32.12, for a total transaction of $642,400.00. Following the completion of the sale, the director owned 295,432 shares in the company, valued at $9,489,275.84. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, November 19th, Stephen Charles Taylor sold 10,000 shares of Natural Gas Services Group stock. The stock was sold at an average price of $30.31, for a total value of $303,100.00.
• On Friday, November 7th, Stephen Charles Taylor sold 11,152 shares of Natural Gas Services Group stock. The shares were sold at an average price of $29.06, for a total value of $324,077.12.
• On Thursday, November 6th, Stephen Charles Taylor sold 100 shares of Natural Gas Services Group stock. The shares were sold at an average price of $29.00, for a total value of $2,900.00.
• On Friday, September 26th, Stephen Charles Taylor sold 7,915 shares of Natural Gas Services Group stock. The stock was sold at an average price of $28.50, for a total value of $225,577.50.
• On Thursday, September 25th, Stephen Charles Taylor sold 759 shares of Natural Gas Services Group stock. The shares were sold at an average price of $28.50, for a total value of $21,631.50.
• On Wednesday, September 24th, Stephen Charles Taylor sold 1,326 shares of Natural Gas Services Group stock. The shares were sold at an average price of $28.50, for a total value of $37,791.00.
• On Tuesday, September 23rd, Stephen Charles Taylor sold 11,457 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.95, for a total value of $320,223.15.
• 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 stock was sold at an average price of $27.51, for a total transaction of $180,273.03.

Natural Gas Services Group Trading Up 0.0%

Shares of NYSE:NGS traded up $0.02 during trading on Friday, reaching $32.31. The stock had a trading volume of 28,072 shares, compared to its average volume of 72,031. The company has a quick ratio of 1.06, a current ratio of 1.83 and a debt-to-equity ratio of 0.77. The stock has a market cap of $406.07 million, a P/E ratio of 21.83 and a beta of 0.37. The business has a fifty day moving average price of $28.64 and a 200-day moving average price of $26.56. Natural Gas Services Group, Inc. has a fifty-two week low of $16.73 and a fifty-two week high of $32.93.

Natural Gas Services Group (NYSE:NGS) last released its earnings results on Monday, November 10th. The oil and gas company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.33 by $0.13. Natural Gas Services Group had a return on equity of 7.37% and a net margin of 11.20%.The firm had revenue of $43.40 million during the quarter, compared to analyst estimates of $43.25 million. As a group, analysts anticipate that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current fiscal year.

Natural Gas Services Group declared that its Board of Directors has authorized a stock buyback program on Monday, August 11th that authorizes the company to buyback $6.00 million in outstanding shares. This buyback authorization authorizes the oil and gas company to repurchase up to 1.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Natural Gas Services Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 3rd. Stockholders of record on Thursday, November 20th were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, November 20th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.4%. This is an increase from Natural Gas Services Group’s previous quarterly dividend of $0.10. Natural Gas Services Group’s dividend payout ratio is currently 29.73%.

Hedge Funds Weigh In On Natural Gas Services Group

A number of hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC lifted its holdings in shares of Natural Gas Services Group by 105.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,424 shares of the oil and gas company’s stock valued at $37,000 after acquiring an additional 731 shares in the last quarter. New York State Common Retirement Fund raised its position in Natural Gas Services Group by 106.7% in the third quarter. New York State Common Retirement Fund now owns 3,100 shares of the oil and gas company’s stock valued at $87,000 after purchasing an additional 1,600 shares during the period. State of Wyoming raised its position in Natural Gas Services Group by 116.0% in the first quarter. State of Wyoming now owns 4,427 shares of the oil and gas company’s stock valued at $97,000 after purchasing an additional 2,377 shares during the period. AlphaQuest LLC acquired a new position in shares of Natural Gas Services Group during the first quarter worth about $115,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Natural Gas Services Group in the second quarter worth about $210,000. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Natural Gas Services Group from $33.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Natural Gas Services Group in a report on Monday. Finally, Zacks Research upgraded Natural Gas Services Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy” and an average target price of $35.50.

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.