Natural Gas Services Group, Inc. (NYSE:NGS) Short Interest Update

Natural Gas Services Group, Inc. (NYSE:NGS) was the target of a large drop in short interest in September. As of September 30th, there was short interest totalling 158,000 shares, a drop of 18.6% from the September 15th total of 194,000 shares. Based on an average daily volume of 56,900 shares, the short-interest ratio is presently 2.8 days. Approximately 1.7% of the company’s stock are sold short.

Natural Gas Services Group Stock Performance

Shares of NGS stock traded down $0.14 during mid-day trading on Tuesday, reaching $20.03. 56,337 shares of the company’s stock traded hands, compared to its average volume of 68,244. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.66 and a current ratio of 2.34. The firm has a market capitalization of $249.11 million, a PE ratio of 26.37 and a beta of 1.03. Natural Gas Services Group has a 12 month low of $12.75 and a 12 month high of $25.24. The firm has a 50 day moving average price of $20.06 and a two-hundred day moving average price of $20.90.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings results on Wednesday, August 14th. The oil and gas company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Natural Gas Services Group had a return on equity of 5.53% and a net margin of 9.25%. The business had revenue of $38.49 million during the quarter, compared to analysts’ expectations of $36.79 million. During the same quarter in the prior year, the business posted $0.10 earnings per share. On average, research analysts forecast that Natural Gas Services Group will post 1.23 EPS for the current year.

Insiders Place Their Bets

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 3,181 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $22.00, for a total transaction of $69,982.00. Following the transaction, the director now owns 548,387 shares in the company, valued at approximately $12,064,514. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.93% of the company’s stock.

Hedge Funds Weigh In On Natural Gas Services Group

Several large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in shares of Natural Gas Services Group in the second quarter worth about $208,000. Rhumbline Advisers raised its position in shares of Natural Gas Services Group by 2,513.0% during the second quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock valued at $243,000 after buying an additional 11,610 shares during the last quarter. Perritt Capital Management Inc. lifted its holdings in shares of Natural Gas Services Group by 51.0% in the first quarter. Perritt Capital Management Inc. now owns 15,100 shares of the oil and gas company’s stock worth $293,000 after buying an additional 5,100 shares in the last quarter. ClariVest Asset Management LLC bought a new position in shares of Natural Gas Services Group during the second quarter worth $693,000. Finally, Bank of New York Mellon Corp purchased a new position in Natural Gas Services Group during the second quarter valued at $788,000. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on NGS shares. Raymond James assumed coverage on Natural Gas Services Group in a report on Wednesday, August 7th. They issued a “strong-buy” rating and a $27.00 price objective for the company. StockNews.com raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Friday, August 16th.

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.