Stephen Charles Taylor Sells 70,000 Shares of Natural Gas Services Group (NYSE:NGS) Stock

Natural Gas Services Group, Inc. (NYSE:NGS) Director Stephen Charles Taylor sold 70,000 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $37.58, for a total value of $2,630,600.00. Following the sale, the director owned 205,432 shares in the company, valued at approximately $7,720,134.56. The trade was a 25.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Stephen Charles Taylor also recently made the following trade(s):

• On Friday, March 6th, Stephen Charles Taylor sold 30,000 shares of Natural Gas Services Group stock. The shares were sold at an average price of $37.23, for a total value of $1,116,900.00.
• On Wednesday, December 10th, Stephen Charles Taylor sold 10,000 shares of Natural Gas Services Group stock. The stock was sold at an average price of $33.16, for a total value of $331,600.00.

Natural Gas Services Group Price Performance

Natural Gas Services Group stock opened at $38.27 on Wednesday. The firm has a market capitalization of $481.03 million, a PE ratio of 25.86 and a beta of 0.34. Natural Gas Services Group, Inc. has a 52 week low of $16.73 and a 52 week high of $39.99. The firm’s 50-day simple moving average is $35.88 and its 200 day simple moving average is $31.43. The company has a quick ratio of 1.06, a current ratio of 1.83 and a debt-to-equity ratio of 0.77.

Natural Gas Services Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Shareholders of record on Wednesday, February 18th were issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Wednesday, February 18th. Natural Gas Services Group’s dividend payout ratio is 29.73%.

Wall Street Analyst Weigh In

NGS has been the subject of a number of recent research reports. Stifel Nicolaus raised their price objective on shares of Natural Gas Services Group from $33.00 to $39.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Zacks Research lowered Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Raymond James Financial cut Natural Gas Services Group from a “strong-buy” rating to an “outperform” rating and increased their target price for the company from $34.00 to $42.00 in a report on Tuesday, January 13th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Natural Gas Services Group in a report on Monday, December 29th. 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 company has an average rating of “Moderate Buy” and a consensus price target of $40.50.

Institutional Investors Weigh In On Natural Gas Services Group

Several hedge funds have recently modified their holdings of the stock. Weber Capital Management LLC ADV acquired a new position in Natural Gas Services Group during the fourth quarter worth approximately $16,777,000. 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 valued at $8,559,000 after purchasing an additional 244,193 shares during the last quarter. LPL Financial LLC acquired a new position in shares of Natural Gas Services Group in the 4th quarter valued at $3,591,000. Millennium Management LLC grew its stake in shares of Natural Gas Services Group by 133.7% during the 3rd quarter. Millennium Management LLC now owns 169,023 shares of the oil and gas company’s stock valued at $4,731,000 after buying an additional 96,690 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Natural Gas Services Group by 151.8% during the 2nd quarter. American Century Companies Inc. now owns 153,361 shares of the oil and gas company’s stock worth $3,958,000 after buying an additional 92,444 shares during the last quarter. 65.62% of the stock is owned by institutional investors and hedge funds.

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.