Natural Gas Services Group (NYSE:NGS) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Natural Gas Services Group, Inc. (NYSE:NGS)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.06 and traded as high as $27.67. Natural Gas Services Group shares last traded at $27.19, with a volume of 40,266 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th.

Natural Gas Services Group Price Performance

The firm’s 50 day simple moving average is $26.20 and its two-hundred day simple moving average is $22.21. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. The firm has a market capitalization of $345.85 million, a P/E ratio of 21.63 and a beta of 1.14.

Insider Activity

In other news, Director Stephen Charles Taylor sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $27.15, for a total value of $271,500.00. Following the transaction, the director now owns 457,787 shares in the company, valued at approximately $12,428,917.05. This trade represents a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 40,892 shares of company stock valued at $1,076,633. Insiders own 7.25% of the company’s stock.

Institutional Investors Weigh In On Natural Gas Services Group

Several institutional investors have recently added to or reduced their stakes in NGS. Dimensional Fund Advisors LP increased its position in shares of Natural Gas Services Group by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 921,915 shares of the oil and gas company’s stock valued at $18,548,000 after acquiring an additional 18,001 shares during the period. Renaissance Technologies LLC increased its holdings in Natural Gas Services Group by 5.1% during the 2nd quarter. Renaissance Technologies LLC now owns 399,342 shares of the oil and gas company’s stock valued at $8,035,000 after purchasing an additional 19,543 shares during the period. State Street Corp raised its position in Natural Gas Services Group by 19.1% during the 3rd quarter. State Street Corp now owns 162,646 shares of the oil and gas company’s stock valued at $3,108,000 after purchasing an additional 26,069 shares during the last quarter. American Century Companies Inc. lifted its holdings in Natural Gas Services Group by 5.8% in the 2nd quarter. American Century Companies Inc. now owns 127,330 shares of the oil and gas company’s stock worth $2,562,000 after buying an additional 7,021 shares during the period. Finally, Empowered Funds LLC grew its position in shares of Natural Gas Services Group by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 88,857 shares of the oil and gas company’s stock worth $1,698,000 after buying an additional 4,422 shares during the last quarter. Hedge funds and other institutional investors own 65.62% of the company’s stock.

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.