Natural Gas Services Group, Inc. (NYSE:NGS) Short Interest Update

Natural Gas Services Group, Inc. (NYSE:NGS) saw a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 126,500 shares, a drop of 17.6% from the October 15th total of 153,500 shares. Based on an average daily volume of 49,200 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.3% of the shares of the stock are short sold.

Natural Gas Services Group Trading Up 2.3 %

NGS traded up $0.56 on Friday, hitting $24.95. The company had a trading volume of 106,777 shares, compared to its average volume of 65,408. The business’s fifty day simple moving average is $20.45 and its 200 day simple moving average is $20.61. The company has a quick ratio of 1.66, a current ratio of 2.34 and a debt-to-equity ratio of 0.66. Natural Gas Services Group has a 12-month low of $12.75 and a 12-month high of $25.24. The company has a market cap of $311.13 million, a PE ratio of 23.60 and a beta of 1.03.

Natural Gas Services Group (NYSE:NGS) last released its earnings results on Wednesday, August 14th. The oil and gas company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The firm had revenue of $38.49 million for the quarter, compared to the consensus estimate of $36.79 million. Natural Gas Services Group had a return on equity of 5.53% and a net margin of 9.25%. During the same quarter in the previous year, the company posted $0.10 EPS. Equities research analysts expect that Natural Gas Services Group will post 1.23 EPS for the current year.

Insider Activity at Natural Gas Services Group

In other news, Director Stephen Charles Taylor sold 4,690 shares of Natural Gas Services Group stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $22.14, for a total value of $103,836.60. Following the sale, the director now directly owns 551,568 shares of the company’s stock, valued at approximately $12,211,715.52. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders have sold 13,158 shares of company stock valued at $303,350. 7.25% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NGS. MetLife Investment Management LLC boosted its position in Natural Gas Services Group by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 3,564 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Natural Gas Services Group by 54.7% during the third quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock valued at $165,000 after buying an additional 3,056 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Natural Gas Services Group in the second quarter valued at about $208,000. Rhumbline Advisers lifted its stake in Natural Gas Services Group by 2,513.0% in the second quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock worth $243,000 after acquiring an additional 11,610 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Natural Gas Services Group during the 3rd quarter worth about $261,000. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Raymond James assumed coverage on Natural Gas Services Group in a research note on Wednesday, August 7th. They issued a “strong-buy” rating and a $27.00 price objective on the stock. StockNews.com cut shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday.

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.