Brasada Capital Management LP Invests $647,000 in Natural Gas Services Group, Inc. $NGS

Brasada Capital Management LP acquired a new stake in shares of Natural Gas Services Group, Inc. (NYSE:NGS) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 15,000 shares of the oil and gas company’s stock, valued at approximately $647,000. Brasada Capital Management LP owned approximately 0.12% of Natural Gas Services Group as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in NGS. BlackRock Inc. purchased a new position in Natural Gas Services Group in the second quarter worth $41,482,000. Vanguard Group Inc. raised its position in Natural Gas Services Group by 1.2% during the third quarter. Vanguard Group Inc. now owns 611,653 shares of the oil and gas company’s stock valued at $17,120,000 after purchasing an additional 7,345 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Natural Gas Services Group by 0.5% during the second quarter. Ameriprise Financial Inc. now owns 509,714 shares of the oil and gas company’s stock worth $13,156,000 after purchasing an additional 2,424 shares during the last quarter. Weber Capital Management LLC ADV purchased a new position in shares of Natural Gas Services Group in the 2nd quarter worth about $20,694,776,000. Finally, Cannell Capital LLC boosted its holdings in shares of Natural Gas Services Group by 279.3% in the 2nd quarter. Cannell Capital LLC now owns 331,616 shares of the oil and gas company’s stock worth $8,559,000 after purchasing an additional 244,193 shares in the last quarter. 65.62% of the stock is owned by institutional investors.

Natural Gas Services Group Stock Up 2.0%

Shares of NYSE:NGS opened at $35.45 on Friday. The stock’s 50-day moving average price is $38.53 and its 200-day moving average price is $39.05. Natural Gas Services Group, Inc. has a 12-month low of $25.49 and a 12-month high of $44.60. The stock has a market capitalization of $457.31 million, a P/E ratio of 22.02 and a beta of 0.42. The company has a current ratio of 2.01, a quick ratio of 1.12 and a debt-to-equity ratio of 1.11.

Natural Gas Services Group (NYSE:NGS) last released its earnings results on Monday, August 10th. The oil and gas company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $51.40 million during the quarter, compared to analyst estimates of $50.24 million. Natural Gas Services Group had a return on equity of 8.10% and a net margin of 10.81%. On average, equities analysts anticipate that Natural Gas Services Group, Inc. will post 1.91 earnings per share for the current year.

Natural Gas Services Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.15 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.60 annualized dividend and a yield of 1.7%. Natural Gas Services Group’s payout ratio is presently 37.27%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on NGS shares. Stifel Nicolaus increased their price objective on Natural Gas Services Group from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Zacks Research lowered Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Weiss Ratings downgraded shares of Natural Gas Services Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Finally, Raymond James Financial boosted their price objective on shares of Natural Gas Services Group from $53.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.50.

About Natural Gas Services Group

Natural Gas Services Group, Inc (NYSE: NGS) is an energy infrastructure company specializing in natural gas distribution and compression services across the United States. The company operates two primary lines of business: the Distribution segment provides natural gas delivery to residential, commercial and industrial customers, while the Compression Services segment rents, sells and services a diversified fleet of compression equipment for midstream and industrial applications.

In its Distribution segment, Natural Gas Services Group engineers, constructs and maintains local pipeline networks, meters and related apparatus to ensure safe and reliable natural gas supply to municipal utilities and private customers.