California Public Employees Retirement System Has $760,000 Position in Natural Gas Services Group, Inc. (NGS)

California Public Employees Retirement System cut its holdings in Natural Gas Services Group, Inc. (NYSE:NGS) by 5.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,600 shares of the oil and gas company’s stock after selling 1,900 shares during the quarter. California Public Employees Retirement System owned 0.24% of Natural Gas Services Group worth $760,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NGS. Franklin Resources Inc. raised its stake in Natural Gas Services Group by 33.3% during the 2nd quarter. Franklin Resources Inc. now owns 928,700 shares of the oil and gas company’s stock valued at $23,078,000 after buying an additional 232,000 shares during the last quarter. Northern Trust Corp raised its stake in Natural Gas Services Group by 6.6% during the 2nd quarter. Northern Trust Corp now owns 575,993 shares of the oil and gas company’s stock valued at $14,313,000 after buying an additional 35,559 shares during the last quarter. Vanguard Group Inc. raised its stake in Natural Gas Services Group by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 569,428 shares of the oil and gas company’s stock valued at $14,151,000 after buying an additional 14,127 shares during the last quarter. Renaissance Technologies LLC raised its stake in Natural Gas Services Group by 18.9% during the 1st quarter. Renaissance Technologies LLC now owns 314,400 shares of the oil and gas company’s stock valued at $8,190,000 after buying an additional 49,900 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in Natural Gas Services Group by 24.4% during the 2nd quarter. Kennedy Capital Management Inc. now owns 257,195 shares of the oil and gas company’s stock valued at $6,391,000 after buying an additional 50,514 shares during the last quarter. 89.43% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the stock. Seaport Global Securities reiterated a “buy” rating on shares of Natural Gas Services Group in a research note on Friday, August 4th. Zacks Investment Research lowered shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 10th. Imperial Capital assumed coverage on shares of Natural Gas Services Group in a research note on Wednesday, August 23rd. They set an “outperform” rating and a $27.00 target price for the company. Finally, ValuEngine upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Natural Gas Services Group has an average rating of “Hold” and an average price target of $32.67.

In other Natural Gas Services Group news, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 of the company’s stock, valued at approximately $1,411,507.50. The disclosure for this sale can be found here. Corporate insiders own 6.88% of the company’s stock.

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Shares of Natural Gas Services Group, Inc. (NYSE:NGS) opened at $24.35 on Friday. The company has a market capitalization of $319.00, a price-to-earnings ratio of 136.94 and a beta of 1.33. Natural Gas Services Group, Inc. has a 12 month low of $22.40 and a 12 month high of $34.50.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $15.91 million during the quarter, compared to analysts’ expectations of $18.05 million. Natural Gas Services Group had a return on equity of 0.98% and a net margin of 3.41%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share. analysts forecast that Natural Gas Services Group, Inc. will post 0.16 EPS for the current year.

Natural Gas Services Group Profile

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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