Algert Global LLC bought a new stake in shares of Natural Gas Services Group, Inc. (NYSE:NGS) during the second quarter, according to its most recent filing with the SEC. The firm bought 70,131 shares of the oil and gas company’s stock, valued at approximately $1,743,000.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in Natural Gas Services Group by 29.0% in the first quarter. Bank of America Corp DE now owns 5,239 shares of the oil and gas company’s stock valued at $137,000 after buying an additional 1,178 shares during the last quarter. American International Group Inc. boosted its position in shares of Natural Gas Services Group by 7.1% in the first quarter. American International Group Inc. now owns 7,594 shares of the oil and gas company’s stock valued at $198,000 after buying an additional 504 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Natural Gas Services Group by 4.0% in the second quarter. Nisa Investment Advisors LLC now owns 9,070 shares of the oil and gas company’s stock valued at $235,000 after buying an additional 350 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in shares of Natural Gas Services Group during the fourth quarter valued at about $265,000. Finally, Trexquant Investment LP acquired a new position in shares of Natural Gas Services Group during the first quarter valued at about $266,000. 88.23% of the stock is currently owned by hedge funds and other institutional investors.

Natural Gas Services Group, Inc. (NGS) opened at 24.70 on Wednesday. Natural Gas Services Group, Inc. has a 52 week low of $20.65 and a 52 week high of $34.50. The firm has a market cap of $319.54 million, a PE ratio of 77.19 and a beta of 1.23. The stock has a 50 day moving average of $24.79 and a 200 day moving average of $26.64.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by $0.04. The firm had revenue of $16.20 million for the quarter, compared to the consensus estimate of $16.03 million. Natural Gas Services Group had a return on equity of 1.41% and a net margin of 4.85%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 earnings per share. Analysts anticipate that Natural Gas Services Group, Inc. will post $0.22 EPS for the current year.

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Several equities analysts have recently issued reports on NGS shares. ValuEngine raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 31st. Zacks Investment Research cut shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Natural Gas Services Group presently has an average rating of “Hold” and an average price target of $32.67.

In other news, Director David L. Bradshaw sold 2,540 shares of the company’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $23.60, for a total value of $59,944.00. Following the completion of the sale, the director now directly owns 18,000 shares of the company’s stock, valued at approximately $424,800. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Stephen Charles Taylor sold 12,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $24.99, for a total value of $299,880.00. Following the completion of the sale, the chief executive officer now directly owns 284,245 shares of the company’s stock, valued at $7,103,282.55. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,040 shares of company stock valued at $400,114. 6.53% of the stock is currently owned by company insiders.

About Natural Gas Services Group

Natural Gas Services Group, Inc is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales.

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

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