Renaissance Technologies LLC Buys 54,000 Shares of Natural Gas Services Group, Inc. (NYSE:NGS)

Renaissance Technologies LLC boosted its stake in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 11.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 537,005 shares of the oil and gas company’s stock after purchasing an additional 54,000 shares during the period. Renaissance Technologies LLC’s holdings in Natural Gas Services Group were worth $8,861,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Pacific Ridge Capital Partners LLC grew its position in Natural Gas Services Group by 32.2% during the second quarter. Pacific Ridge Capital Partners LLC now owns 300,425 shares of the oil and gas company’s stock valued at $4,957,000 after buying an additional 73,184 shares during the period. Charles Schwab Investment Management Inc. grew its position in Natural Gas Services Group by 3.9% during the second quarter. Charles Schwab Investment Management Inc. now owns 73,004 shares of the oil and gas company’s stock valued at $1,205,000 after buying an additional 2,743 shares during the period. Russell Investments Group Ltd. grew its position in Natural Gas Services Group by 40.0% during the second quarter. Russell Investments Group Ltd. now owns 237,222 shares of the oil and gas company’s stock valued at $3,911,000 after buying an additional 67,737 shares during the period. JPMorgan Chase & Co. grew its position in Natural Gas Services Group by 12.7% during the second quarter. JPMorgan Chase & Co. now owns 39,956 shares of the oil and gas company’s stock valued at $630,000 after buying an additional 4,506 shares during the period. Finally, Wells Fargo & Company MN grew its position in Natural Gas Services Group by 4.9% during the second quarter. Wells Fargo & Company MN now owns 21,624 shares of the oil and gas company’s stock valued at $356,000 after buying an additional 1,009 shares during the period. Institutional investors own 90.57% of the company’s stock.

NYSE:NGS traded down $0.32 on Tuesday, reaching $13.49. 4,590 shares of the company’s stock were exchanged, compared to its average volume of 106,741. The firm has a market cap of $183.85 million, a price-to-earnings ratio of 170.00 and a beta of 1.37. Natural Gas Services Group, Inc. has a 52 week low of $10.22 and a 52 week high of $21.55. The stock has a fifty day simple moving average of $12.23 and a 200-day simple moving average of $15.45.



Natural Gas Services Group (NYSE:NGS) last issued its earnings results on Tuesday, August 6th. The oil and gas company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $19.90 million for the quarter, compared to the consensus estimate of $17.95 million. Natural Gas Services Group had a return on equity of 0.58% and a net margin of 1.25%. On average, equities analysts predict that Natural Gas Services Group, Inc. will post 0.16 EPS for the current fiscal year.

Several equities analysts recently weighed in on NGS shares. Zacks Investment Research lowered shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Imperial Capital reduced their price target on shares of Natural Gas Services Group from $21.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. ValuEngine upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Maxim Group reiterated a “buy” rating and set a $18.00 target price (down previously from $24.00) on shares of Natural Gas Services Group in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Natural Gas Services Group currently has an average rating of “Hold” and a consensus target price of $19.67.

Natural Gas Services Group Profile

Natural Gas Services Group, Inc provides small to medium horsepower compression equipment to the natural gas industry in the United States. The company engages in the rental of small to medium horsepower compression equipment to non-conventional natural gas and oil production businesses. As of December 31, 2018, it had 2,572 natural gas compressors in its rental fleet totaling 398,765 horsepower.

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Institutional Ownership by Quarter for Natural Gas Services Group (NYSE:NGS)

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