Insider Selling: Natural Gas Services Group, Inc. (NYSE:NGS) Director Sells $280,000.00 in Stock

Natural Gas Services Group, Inc. (NYSE:NGS) Director Stephen Charles Taylor sold 10,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $28.00, for a total value of $280,000.00. Following the transaction, the director now owns 468,387 shares in the company, valued at approximately $13,114,836. This trade represents a 2.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, November 25th, Stephen Charles Taylor sold 600 shares of Natural Gas Services Group stock. The stock was sold at an average price of $28.50, for a total value of $17,100.00.
• On Wednesday, November 20th, Stephen Charles Taylor sold 1,521 shares of Natural Gas Services Group stock. The stock was sold at an average price of $26.00, for a total value of $39,546.00.
• On Monday, November 18th, Stephen Charles Taylor sold 3,442 shares of Natural Gas Services Group stock. The stock was sold at an average price of $25.51, for a total value of $87,805.42.
• On Friday, November 15th, Stephen Charles Taylor sold 10,042 shares of Natural Gas Services Group stock. The stock was sold at an average price of $25.01, for a total value of $251,150.42.
• On Wednesday, November 13th, Stephen Charles Taylor sold 2,191 shares of Natural Gas Services Group stock. The stock was sold at an average price of $24.50, for a total value of $53,679.50.
• On Monday, November 11th, Stephen Charles Taylor sold 3,096 shares of Natural Gas Services Group stock. The stock was sold at an average price of $24.50, for a total value of $75,852.00.

Natural Gas Services Group Stock Down 0.5 %

NGS stock opened at $27.53 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $343.30 million, a PE ratio of 21.51 and a beta of 1.03. Natural Gas Services Group, Inc. has a twelve month low of $12.75 and a twelve month high of $28.50. The stock has a 50-day simple moving average of $21.65 and a two-hundred day simple moving average of $20.81.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NGS. MetLife Investment Management LLC grew its holdings in Natural Gas Services Group by 129.1% during 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 in the last quarter. BNP Paribas Financial Markets grew its holdings in Natural Gas Services Group by 54.7% during the 3rd 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 in the last quarter. Acadian Asset Management LLC purchased a new position in Natural Gas Services Group during the 2nd quarter valued at about $208,000. Rhumbline Advisers grew its holdings in Natural Gas Services Group by 2,513.0% during the 2nd quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock valued at $243,000 after buying an additional 11,610 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Natural Gas Services Group during the third quarter worth about $261,000. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NGS. StockNews.com raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Raymond James began coverage on Natural Gas Services Group in a report on Wednesday, August 7th. They issued a “strong-buy” rating and a $27.00 price objective for the company.

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.