Natural Gas Services Group, Inc. (NYSE:NGS) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in Natural Gas Services Group, Inc. (NYSE:NGS) by 4.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,102 shares of the oil and gas company’s stock after acquiring an additional 1,433 shares during the quarter. Bank of New York Mellon Corp’s holdings in Natural Gas Services Group were worth $860,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in Natural Gas Services Group by 195.2% in the fourth quarter. Rhumbline Advisers now owns 31,362 shares of the oil and gas company’s stock valued at $840,000 after purchasing an additional 20,738 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Natural Gas Services Group by 5.1% in the 4th quarter. Empowered Funds LLC now owns 93,354 shares of the oil and gas company’s stock valued at $2,502,000 after buying an additional 4,497 shares during the period. Calamos Advisors LLC purchased a new stake in shares of Natural Gas Services Group in the fourth quarter worth about $279,000. Inspire Investing LLC acquired a new stake in Natural Gas Services Group during the fourth quarter worth about $890,000. Finally, SG Americas Securities LLC purchased a new position in Natural Gas Services Group during the fourth quarter valued at approximately $128,000. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Insider Buying and Selling

In related news, Director Stephen Charles Taylor sold 19,400 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total value of $558,720.00. Following the transaction, the director now directly owns 438,387 shares of the company’s stock, valued at approximately $12,625,545.60. This trade represents a 4.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.25% of the stock is owned by insiders.

Natural Gas Services Group Price Performance

Shares of Natural Gas Services Group stock opened at $22.74 on Wednesday. The firm has a market cap of $284.41 million, a PE ratio of 17.77 and a beta of 1.13. Natural Gas Services Group, Inc. has a twelve month low of $16.70 and a twelve month high of $29.74. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.65. The business has a 50-day moving average price of $25.40 and a 200 day moving average price of $23.98.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings data on Monday, March 17th. The oil and gas company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. Natural Gas Services Group had a return on equity of 6.60% and a net margin of 10.55%. The business had revenue of $40.66 million during the quarter, compared to analysts’ expectations of $40.84 million. During the same period in the previous year, the business earned $0.14 earnings per share. Sell-side analysts predict that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Raymond James restated a “strong-buy” rating and issued a $32.00 price objective (down previously from $33.00) on shares of Natural Gas Services Group in a research report on Wednesday, March 19th. StockNews.com raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday.

About Natural Gas Services Group

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.