Natural Gas Services Group, Inc. (NYSE:NGS) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its stake in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 21.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 11,009 shares of the oil and gas company’s stock after selling 2,918 shares during the period. JPMorgan Chase & Co. owned approximately 0.09% of Natural Gas Services Group worth $287,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Highbridge Capital Management LLC bought a new position in Natural Gas Services Group during the fourth quarter valued at about $265,000. Trexquant Investment LP bought a new position in Natural Gas Services Group during the first quarter valued at about $266,000. Russell Investments Group Ltd. bought a new position in Natural Gas Services Group during the first quarter valued at about $623,000. Wells Fargo & Company MN boosted its position in Natural Gas Services Group by 18.2% in the first quarter. Wells Fargo & Company MN now owns 28,665 shares of the oil and gas company’s stock valued at $747,000 after buying an additional 4,420 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in Natural Gas Services Group by 0.8% in the fourth quarter. Teachers Advisors LLC now owns 30,140 shares of the oil and gas company’s stock valued at $969,000 after buying an additional 225 shares in the last quarter. Institutional investors and hedge funds own 87.97% of the company’s stock.

Natural Gas Services Group, Inc. (NGS) opened at 24.85 on Friday. The company has a market cap of $321.48 million, a PE ratio of 77.66 and a beta of 1.23. Natural Gas Services Group, Inc. has a 52 week low of $20.65 and a 52 week high of $34.50. The stock has a 50 day moving average of $24.99 and a 200 day moving average of $26.82.

Natural Gas Services Group (NYSE:NGS) last released its earnings results on Thursday, May 4th. The oil and gas company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.04. Natural Gas Services Group had a return on equity of 1.80% and a net margin of 6.06%. The firm had revenue of $18.92 million for the quarter, compared to analyst estimates of $15.80 million. During the same period last year, the firm earned $0.20 EPS. The company’s revenue for the quarter was down 12.4% compared to the same quarter last year. Equities research analysts predict that Natural Gas Services Group, Inc. will post $0.28 EPS for the current fiscal year.

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Several research firms have issued reports on NGS. ValuEngine cut shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Zacks Investment Research cut shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $32.50.

In related news, CEO Stephen Charles Taylor sold 12,000 shares of Natural Gas Services Group stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $24.99, for a total transaction of $299,880.00. Following the completion of the sale, the chief executive officer now owns 284,245 shares of the company’s stock, valued at $7,103,282.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David L. Bradshaw sold 2,540 shares of Natural Gas Services Group stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $23.60, for a total value of $59,944.00. Following the sale, the director now directly owns 18,000 shares of the company’s stock, valued at approximately $424,800. The disclosure for this sale can be found here. Insiders have sold 16,440 shares of company stock valued at $411,318 in the last ninety days. Corporate insiders own 6.88% of the company’s stock.

About Natural Gas Services Group

Natural Gas Services Group, Inc is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales.