Natural Gas Services Group (NYSE:NGS) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Natural Gas Services Group, Inc. (NYSE:NGS) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.54 and traded as high as $28.01. Natural Gas Services Group shares last traded at $26.50, with a volume of 68,709 shares changing hands.

Analyst Upgrades and Downgrades

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

Natural Gas Services Group Stock Down 3.5 %

The firm has a market capitalization of $330.97 million, a P/E ratio of 20.70 and a beta of 1.12. The firm’s 50 day moving average is $26.78 and its two-hundred day moving average is $23.59. 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 Transactions at Natural Gas Services Group

In related news, Director Stephen Charles Taylor sold 19,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total transaction 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. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 30,000 shares of company stock worth $847,320 in the last ninety days. Insiders own 7.25% of the company’s stock.

Hedge Funds Weigh In On Natural Gas Services Group

Several large investors have recently modified their holdings of NGS. MetLife Investment Management LLC boosted its holdings in shares of Natural Gas Services Group by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock worth $121,000 after acquiring an additional 3,564 shares during the period. SG Americas Securities LLC bought a new stake in shares of Natural Gas Services Group in the fourth quarter valued at about $128,000. Wells Fargo & Company MN grew its stake in shares of Natural Gas Services Group by 31.5% in the fourth quarter. Wells Fargo & Company MN now owns 6,022 shares of the oil and gas company’s stock valued at $161,000 after acquiring an additional 1,443 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Natural Gas Services Group by 54.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock worth $165,000 after purchasing an additional 3,056 shares in the last quarter. Finally, FCA Corp TX bought a new position in shares of Natural Gas Services Group during the fourth quarter worth approximately $188,000. 65.62% of the stock is owned by institutional investors.

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.