66,350 Shares in Natural Gas Services Group, Inc. (NYSE:NGS) Purchased by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC purchased a new position in Natural Gas Services Group, Inc. (NYSE:NGS — Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 66,350 shares of the oil and gas company’s stock, valued at approximately $1,458,000. Rice Hall James & Associates LLC owned about 0.53% of Natural Gas Services Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NGS. GAMMA Investing LLC boosted its position in shares of Natural Gas Services Group by 4,293.1% in the first quarter. GAMMA Investing LLC now owns 1,274 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 1,245 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Natural Gas Services Group in the 4th quarter valued at $1,001,000. Deutsche Bank AG purchased a new stake in shares of Natural Gas Services Group during the 4th quarter valued at $241,000. Nuveen Asset Management LLC grew its stake in shares of Natural Gas Services Group by 17.7% during the 4th quarter. Nuveen Asset Management LLC now owns 22,634 shares of the oil and gas company’s stock valued at $607,000 after buying an additional 3,398 shares during the period. Finally, Russell Investments Group Ltd. increased its holdings in shares of Natural Gas Services Group by 13.7% during the 4th quarter. Russell Investments Group Ltd. now owns 138,620 shares of the oil and gas company’s stock worth $3,715,000 after buying an additional 16,654 shares during the last quarter. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Analyst Ratings Changes

NGS has been the subject of a number of research reports. Wall Street Zen raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 21st. Raymond James Financial reissued a “strong-buy” rating and set a $32.00 target price (down previously from $33.00) on shares of Natural Gas Services Group in a research report on Wednesday, March 19th. Finally, Stifel Nicolaus raised their price target on shares of Natural Gas Services Group from $32.00 to $33.00 and gave the company a “buy” rating in a report on Friday, May 16th.

Read Our Latest Stock Report on Natural Gas Services Group

Natural Gas Services Group Stock Up 2.5%

Shares of Natural Gas Services Group stock opened at $25.02 on Tuesday. Natural Gas Services Group, Inc. has a twelve month low of $16.70 and a twelve month high of $29.74. The stock has a market cap of $313.50 million, a price-to-earnings ratio of 18.53 and a beta of 0.66. The company has a current ratio of 2.10, a quick ratio of 1.33 and a debt-to-equity ratio of 0.65. The company has a fifty day moving average price of $24.65 and a 200 day moving average price of $24.01.

Natural Gas Services Group (NYSE:NGS — Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The oil and gas company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.11. Natural Gas Services Group had a return on equity of 6.99% and a net margin of 10.53%. The company had revenue of $41.38 million for the quarter, compared to analysts’ expectations of $40.52 million. Equities research analysts forecast that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $24.90, for a total value of $622,500.00. Following the completion of the sale, the director owned 433,334 shares of the company’s stock, valued at $10,790,016.60. This trade represents a 5.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 7.25% of the company’s stock.

Natural Gas Services Group Company Profile

(Free Report)

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.

Further Reading

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