News

Natural Gas Services Group, Inc. (NYSE:NGS) Short Interest Up 25.4% in February

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Natural Gas Services Group, Inc. (NYSE:NGS — Get Free Report) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 252,463 shares, a growth of 25.4% from the January 29th total of 201,267 shares. Based on an average daily trading volume, of 126,604 shares, the days-to-cover ratio is presently 2.0 days. Currently, 2.2% of the company’s stock are sold short. Currently, 2.2% of the company’s stock are sold short. Based on an average daily trading volume, of 126,604 shares, the days-to-cover ratio is presently 2.0 days.

Insiders Place Their Bets

In other news, Director Stephen Charles Taylor sold 10,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $33.16, for a total value of $331,600.00. Following the completion of the sale, the director owned 285,432 shares of the company’s stock, valued at approximately $9,464,925.12. The trade was a 3.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jean K. Holley bought 2,190 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was bought at an average price of $32.04 per share, for a total transaction of $70,167.60. Following the purchase, the director owned 14,390 shares in the company, valued at approximately $461,055.60. This represents a 17.95% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 7.25% of the stock is currently owned by insiders.

Institutional Trading of Natural Gas Services Group

Large investors have recently added to or reduced their stakes in the business. Weber Capital Management LLC ADV purchased a new stake in shares of Natural Gas Services Group in the fourth quarter worth approximately $16,777,000. Cannell Capital LLC lifted its stake in shares of Natural Gas Services Group by 279.3% in the 2nd quarter. Cannell Capital LLC now owns 331,616 shares of the oil and gas company’s stock valued at $8,559,000 after purchasing an additional 244,193 shares during the last quarter. LPL Financial LLC bought a new stake in Natural Gas Services Group in the fourth quarter worth $3,591,000. Millennium Management LLC raised its holdings in Natural Gas Services Group by 133.7% during the third quarter. Millennium Management LLC now owns 169,023 shares of the oil and gas company’s stock valued at $4,731,000 after buying an additional 96,690 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Natural Gas Services Group by 151.8% in the second quarter. American Century Companies Inc. now owns 153,361 shares of the oil and gas company’s stock worth $3,958,000 after buying an additional 92,444 shares during the last quarter. 65.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on NGS shares. Weiss Ratings restated a “buy (b-)” rating on shares of Natural Gas Services Group in a research note on Monday, December 29th. Raymond James Financial downgraded Natural Gas Services Group from a “strong-buy” rating to an “outperform” rating and boosted their price target for the company from $34.00 to $42.00 in a report on Tuesday, January 13th. Zacks Research lowered Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Stifel Nicolaus lifted their price objective on shares of Natural Gas Services Group from $33.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

Get Our Latest Report on NGS

Natural Gas Services Group Price Performance

Shares of NGS opened at $38.73 on Tuesday. The stock’s fifty day moving average is $35.34 and its 200-day moving average is $30.89. The firm has a market capitalization of $486.84 million, a price-to-earnings ratio of 26.17 and a beta of 0.34. Natural Gas Services Group has a one year low of $16.73 and a one year high of $39.67. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.06 and a current ratio of 1.83.

Natural Gas Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, February 18th. This represents a $0.44 annualized dividend and a dividend yield of 1.1%. Natural Gas Services Group’s dividend payout ratio (DPR) is 29.73%.

About Natural Gas Services Group

(Get Free Report)

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.

Further Reading

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