Natural Gas Services Group (NYSE:NGS) Director Stephen Charles Taylor Sells 11,152 Shares of Stock

Natural Gas Services Group, Inc. (NYSE:NGS) Director Stephen Charles Taylor sold 11,152 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $29.06, for a total transaction of $324,077.12. Following the completion of the sale, the director directly owned 364,180 shares of the company’s stock, valued at $10,583,070.80. This represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Stephen Charles Taylor also recently made the following trade(s):

• On Thursday, November 6th, Stephen Charles Taylor sold 100 shares of Natural Gas Services Group stock. The stock was sold at an average price of $29.00, for a total transaction of $2,900.00.
• On Friday, September 26th, Stephen Charles Taylor sold 7,915 shares of Natural Gas Services Group stock. The stock was sold at an average price of $28.50, for a total transaction of $225,577.50.
• On Thursday, September 25th, Stephen Charles Taylor sold 759 shares of Natural Gas Services Group stock. The shares were sold at an average price of $28.50, for a total transaction of $21,631.50.
• On Wednesday, September 24th, Stephen Charles Taylor sold 1,326 shares of Natural Gas Services Group stock. The shares were sold at an average price of $28.50, for a total transaction of $37,791.00.
• On Tuesday, September 23rd, Stephen Charles Taylor sold 11,457 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.95, for a total transaction of $320,223.15.
• On Friday, September 19th, Stephen Charles Taylor sold 63 shares of Natural Gas Services Group stock. The shares were sold at an average price of $27.50, for a total value of $1,732.50.
• On Thursday, September 18th, Stephen Charles Taylor sold 1,638 shares of Natural Gas Services Group stock. The shares were sold at an average price of $27.50, for a total value of $45,045.00.
• On Wednesday, September 17th, Stephen Charles Taylor sold 6,553 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.51, for a total value of $180,273.03.
• On Tuesday, September 16th, Stephen Charles Taylor sold 289 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.50, for a total value of $7,947.50.
• On Thursday, September 4th, Stephen Charles Taylor sold 10,000 shares of Natural Gas Services Group stock. The shares were sold at an average price of $27.00, for a total value of $270,000.00.

Natural Gas Services Group Stock Up 1.3%

NYSE NGS opened at $29.25 on Friday. Natural Gas Services Group, Inc. has a 12 month low of $16.73 and a 12 month high of $29.74. The company has a current ratio of 1.97, a quick ratio of 1.23 and a debt-to-equity ratio of 0.68. The stock has a market cap of $366.79 million, a PE ratio of 20.60 and a beta of 0.59. The stock’s 50 day moving average is $27.28 and its 200 day moving average is $25.23.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings data on Monday, August 11th. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.09. The business had revenue of $41.38 million during the quarter, compared to analyst estimates of $41.87 million. Natural Gas Services Group had a net margin of 10.92% and a return on equity of 7.21%. Research analysts predict that Natural Gas Services Group, Inc. will post 1.42 EPS for the current fiscal year.

Natural Gas Services Group declared that its board has approved a stock repurchase plan on Monday, August 11th that authorizes the company to buyback $6.00 million in shares. This buyback authorization authorizes the oil and gas company to reacquire up to 1.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC raised its position in Natural Gas Services Group by 105.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,424 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 731 shares during the period. White Pine Capital LLC increased its position in shares of Natural Gas Services Group by 1.5% during the 2nd quarter. White Pine Capital LLC now owns 52,623 shares of the oil and gas company’s stock valued at $1,358,000 after purchasing an additional 798 shares during the last quarter. Inspire Advisors LLC raised its holdings in Natural Gas Services Group by 5.8% during the 2nd quarter. Inspire Advisors LLC now owns 15,930 shares of the oil and gas company’s stock valued at $411,000 after buying an additional 871 shares during the period. Victory Capital Management Inc. bought a new stake in Natural Gas Services Group in the first quarter worth $25,000. Finally, First Trust Advisors LP boosted its stake in Natural Gas Services Group by 4.2% during the second quarter. First Trust Advisors LP now owns 31,187 shares of the oil and gas company’s stock worth $805,000 after buying an additional 1,266 shares during the period. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Natural Gas Services Group in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $32.50.

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.