Natural Gas Services Group, Inc. (NYSE:NGS) is Oslo Asset Management AS’s 3rd Largest Position

Oslo Asset Management AS continued to hold its stake in Natural Gas Services Group, Inc. (NYSE:NGS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 633,932 shares of the oil and gas company’s stock at the end of the second quarter. Natural Gas Services Group comprises approximately 11.3% of Oslo Asset Management AS’s holdings, making the stock its 3rd largest position. Oslo Asset Management AS owned about 4.90% of Natural Gas Services Group worth $15,753,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in NGS. Bank of America Corp DE increased its stake in Natural Gas Services Group by 29.0% in the first quarter. Bank of America Corp DE now owns 5,239 shares of the oil and gas company’s stock worth $137,000 after buying an additional 1,178 shares during the last quarter. American International Group Inc. increased its stake in Natural Gas Services Group by 7.1% in the first quarter. American International Group Inc. now owns 7,594 shares of the oil and gas company’s stock worth $198,000 after buying an additional 504 shares during the last quarter. Highbridge Capital Management LLC acquired a new stake in Natural Gas Services Group during the fourth quarter worth about $265,000. Nisa Investment Advisors LLC increased its stake in Natural Gas Services Group by 4.0% in the second quarter. Nisa Investment Advisors LLC now owns 9,070 shares of the oil and gas company’s stock worth $235,000 after buying an additional 350 shares during the last quarter. Finally, Trexquant Investment LP acquired a new stake in Natural Gas Services Group during the first quarter worth about $266,000. 88.23% of the stock is currently owned by institutional investors.

Natural Gas Services Group, Inc. (NGS) traded down 0.79% on Monday, reaching $25.00. 17,288 shares of the company’s stock were exchanged. Natural Gas Services Group, Inc. has a one year low of $20.65 and a one year high of $34.50. The firm has a market cap of $323.43 million, a PE ratio of 78.12 and a beta of 1.23. The firm has a 50 day moving average price of $24.87 and a 200 day moving average price of $26.67.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by $0.04. Natural Gas Services Group had a return on equity of 1.42% and a net margin of 4.85%. The company had revenue of $16.20 million for the quarter, compared to analysts’ expectations of $16.03 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The firm’s revenue was down 5.8% on a year-over-year basis. On average, equities analysts anticipate that Natural Gas Services Group, Inc. will post $0.22 earnings per share for the current year.

A number of research firms recently issued reports on NGS. ValuEngine downgraded 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 report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Natural Gas Services Group presently has an average rating of “Hold” and an average target price of $32.67.

In related news, Director William F. Hughes, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $26.86, for a total transaction of $40,290.00. Following the completion of the sale, the director now directly owns 37,563 shares of the company’s stock, valued at approximately $1,008,942.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen Charles Taylor sold 12,000 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $24.99, for a total value of $299,880.00. Following the sale, the chief executive officer now directly owns 284,245 shares of the company’s stock, valued at $7,103,282.55. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,040 shares of company stock worth $400,114. Insiders own 6.53% of the company’s stock.

Natural Gas Services Group Company Profile

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.