Brandywine Global Investment Management LLC Purchases 8,170 Shares of Natural Gas Services Group, Inc. (NGS)

Brandywine Global Investment Management LLC boosted its position in Natural Gas Services Group, Inc. (NYSE:NGS) by 6.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 139,851 shares of the oil and gas company’s stock after buying an additional 8,170 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 1.08% of Natural Gas Services Group worth $3,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its position in shares of Natural Gas Services Group by 33.3% in the second quarter. Franklin Resources Inc. now owns 928,700 shares of the oil and gas company’s stock valued at $23,078,000 after purchasing an additional 232,000 shares in the last quarter. Northern Trust Corp grew its position in shares of Natural Gas Services Group by 6.6% in the second quarter. Northern Trust Corp now owns 575,993 shares of the oil and gas company’s stock valued at $14,313,000 after purchasing an additional 35,559 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Natural Gas Services Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 569,428 shares of the oil and gas company’s stock valued at $14,151,000 after purchasing an additional 14,127 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Natural Gas Services Group by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 567,437 shares of the oil and gas company’s stock valued at $14,781,000 after purchasing an additional 14,359 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Natural Gas Services Group by 18.9% in the first quarter. Renaissance Technologies LLC now owns 314,400 shares of the oil and gas company’s stock valued at $8,190,000 after purchasing an additional 49,900 shares in the last quarter. 89.28% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the company. Seaport Global Securities reiterated a “buy” rating on shares of Natural Gas Services Group in a research report on Friday, August 4th. ValuEngine cut Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Zacks Investment Research cut Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, September 27th. Finally, Imperial Capital initiated coverage on Natural Gas Services Group in a research report on Wednesday, August 23rd. They set an “outperform” rating and a $27.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Natural Gas Services Group currently has an average rating of “Buy” and a consensus target price of $32.67.

In other Natural Gas Services Group news, VP James R. Hazlett sold 12,350 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $28.02, for a total value of $346,047.00. Following the completion of the sale, the vice president now owns 50,375 shares in the company, valued at approximately $1,411,507.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen Charles Taylor sold 3,874 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $28.58, for a total value of $110,718.92. The disclosure for this sale can be found here. Corporate insiders own 6.88% of the company’s stock.

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Natural Gas Services Group, Inc. (NYSE:NGS) opened at 28.55 on Friday. The stock has a market capitalization of $369.35 million, a PE ratio of 110.66 and a beta of 1.28. Natural Gas Services Group, Inc. has a 52-week low of $20.65 and a 52-week high of $34.50. The company’s 50-day moving average price is $25.34 and its 200 day moving average price is $25.73.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). Natural Gas Services Group had a return on equity of 1.41% and a net margin of 4.85%. The business had revenue of $16.20 million during the quarter, compared to analysts’ expectations of $16.03 million. During the same quarter in the previous year, the company posted $0.10 EPS. The company’s quarterly revenue was down 5.8% on a year-over-year basis. Equities analysts forecast that Natural Gas Services Group, Inc. will post $0.18 EPS for the current fiscal year.

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.

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

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