Natural Gas Services Group (NYSE:NGS) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Natural Gas Services Group, Inc. (NYSE:NGS)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.42 and traded as high as $25.97. Natural Gas Services Group shares last traded at $25.86, with a volume of 27,908 shares traded.

Analyst Upgrades and Downgrades

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

Natural Gas Services Group Price Performance

The firm has a market cap of $322.99 million, a P/E ratio of 20.20 and a beta of 1.14. The company has a fifty day moving average of $24.16 and a 200-day moving average of $21.42. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16.

Insider Activity

In related news, Director Stephen Charles Taylor sold 10,000 shares of Natural Gas Services Group stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $28.00, for a total value of $280,000.00. Following the sale, the director now owns 468,387 shares of the company’s stock, valued at approximately $13,114,836. The trade was a 2.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 40,892 shares of company stock valued at $1,076,633 over the last three months. Corporate insiders own 7.25% of the company’s stock.

Institutional Investors Weigh In On Natural Gas Services Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NGS. Bank of New York Mellon Corp bought a new position in shares of Natural Gas Services Group in the 2nd quarter worth $788,000. Rhumbline Advisers increased its holdings 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 acquiring an additional 11,610 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Natural Gas Services Group in the 2nd quarter worth $208,000. ClariVest Asset Management LLC purchased a new stake in Natural Gas Services Group in the second quarter worth approximately $693,000. Finally, American Century Companies Inc. grew its stake in shares of Natural Gas Services Group by 5.8% during the 2nd quarter. American Century Companies Inc. now owns 127,330 shares of the oil and gas company’s stock valued at $2,562,000 after purchasing an additional 7,021 shares during the period. 65.62% of the stock is currently owned by institutional investors.

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.