Short Interest in Natural Gas Services Group, Inc. (NYSE:NGS) Expands By 38.7%

Natural Gas Services Group, Inc. (NYSE:NGS) was the target of a large growth in short interest in June. As of June 30th, there was short interest totalling 96,800 shares, a growth of 38.7% from the May 30th total of 69,800 shares. Based on an average daily trading volume, of 42,400 shares, the short-interest ratio is presently 2.3 days. Approximately 0.8% of the shares of the stock are sold short.

A number of research firms have issued reports on NGS. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Zacks Investment Research lowered shares of G1 Therapeutics from a “buy” rating to a “hold” rating in a report on Thursday, May 16th.

NYSE:NGS traded down $0.18 on Friday, reaching $16.08. The stock had a trading volume of 22,235 shares, compared to its average volume of 45,851. The stock has a market cap of $212.66 million, a P/E ratio of 160.80 and a beta of 1.24. The stock’s fifty day simple moving average is $15.75. Natural Gas Services Group has a 12-month low of $14.87 and a 12-month high of $23.35.

Natural Gas Services Group (NYSE:NGS) last released its earnings results on Thursday, May 9th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.03. Natural Gas Services Group had a net margin of 0.81% and a return on equity of 0.46%. The company had revenue of $17.99 million for the quarter, compared to analyst estimates of $17.46 million. On average, equities research analysts expect that Natural Gas Services Group will post 0.21 EPS for the current year.

In other Natural Gas Services Group news, VP James R. Hazlett sold 3,100 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $17.78, for a total value of $55,118.00. Following the transaction, the vice president now directly owns 48,995 shares in the company, valued at approximately $871,131.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David L. Bradshaw sold 3,356 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $15.10, for a total transaction of $50,675.60. Following the completion of the transaction, the director now owns 23,600 shares in the company, valued at $356,360. The disclosure for this sale can be found here. 6.20% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Anderson Hoagland & Co. increased its stake in shares of Natural Gas Services Group by 2.7% during the 2nd quarter. Anderson Hoagland & Co. now owns 91,236 shares of the oil and gas company’s stock valued at $1,390,000 after acquiring an additional 2,413 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Natural Gas Services Group during the 1st quarter valued at about $104,000. Marshall Wace LLP acquired a new position in shares of Natural Gas Services Group during the 1st quarter valued at about $229,000. Punch & Associates Investment Management Inc. increased its stake in shares of Natural Gas Services Group by 6.4% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 438,501 shares of the oil and gas company’s stock valued at $7,590,000 after acquiring an additional 26,365 shares during the last quarter. Finally, HITE Hedge Asset Management LLC acquired a new position in shares of Natural Gas Services Group during the 1st quarter valued at about $598,000. 89.80% of the stock is owned by institutional investors.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides small to medium horsepower compression equipment to the natural gas industry in the United States. The company engages in the rental of small to medium horsepower compression equipment to non-conventional natural gas and oil production businesses. As of December 31, 2018, it had 2,572 natural gas compressors in its rental fleet totaling 398,765 horsepower.

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