Brasada Capital Management LP Makes New $516,000 Investment in Natural Gas Services Group, Inc. $NGS

Brasada Capital Management LP bought a new position in Natural Gas Services Group, Inc. (NYSE:NGS) in the fourth quarter, Holdings Channel reports. The firm bought 15,000 shares of the oil and gas company’s stock, valued at approximately $516,000.

Other large investors have also bought and sold shares of the company. Weber Capital Management LLC ADV purchased a new stake in Natural Gas Services Group in the fourth quarter worth $16,777,000. Phocas Financial Corp. purchased a new stake in Natural Gas Services Group in the fourth quarter worth $1,470,000. Acuitas Investments LLC increased its position in Natural Gas Services Group by 8.2% in the third quarter. Acuitas Investments LLC now owns 216,700 shares of the oil and gas company’s stock worth $6,065,000 after buying an additional 16,500 shares during the last quarter. Cannell Capital LLC increased its position in Natural Gas Services Group by 8.3% in the third quarter. Cannell Capital LLC now owns 359,021 shares of the oil and gas company’s stock worth $10,049,000 after buying an additional 27,405 shares during the last quarter. Finally, Calamos Advisors LLC purchased a new stake in Natural Gas Services Group in the fourth quarter worth $698,000. 65.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NGS. Zacks Research upgraded Natural Gas Services Group from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Stifel Nicolaus lifted their price target on Natural Gas Services Group from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $44.50.

Natural Gas Services Group Price Performance

Shares of NYSE NGS opened at $42.53 on Friday. The stock has a market cap of $535.73 million, a PE ratio of 24.72 and a beta of 0.41. Natural Gas Services Group, Inc. has a fifty-two week low of $22.72 and a fifty-two week high of $44.12. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.77 and a current ratio of 2.70. The stock has a fifty day moving average of $40.24 and a 200-day moving average of $37.01.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings results on Monday, May 11th. The oil and gas company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.08. The company had revenue of $48.47 million during the quarter, compared to analysts’ expectations of $47.09 million. Natural Gas Services Group had a return on equity of 7.99% and a net margin of 12.17%. Equities research analysts anticipate that Natural Gas Services Group, Inc. will post 2.02 earnings per share for the current year.

Natural Gas Services Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. This is a boost from Natural Gas Services Group’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, May 20th. Natural Gas Services Group’s dividend payout ratio (DPR) is presently 34.88%.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc (NYSE: NGS) is an energy infrastructure company specializing in natural gas distribution and compression services across the United States. The company operates two primary lines of business: the Distribution segment provides natural gas delivery to residential, commercial and industrial customers, while the Compression Services segment rents, sells and services a diversified fleet of compression equipment for midstream and industrial applications.

In its Distribution segment, Natural Gas Services Group engineers, constructs and maintains local pipeline networks, meters and related apparatus to ensure safe and reliable natural gas supply to municipal utilities and private customers.