JPMorgan Chase & Co. cut 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 Securities and Exchange Commission (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 0.09% of Natural Gas Services Group worth $287,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Highbridge Capital Management LLC purchased a new stake in shares of Natural Gas Services Group during the fourth quarter valued at approximately $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 during the period. 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 during the period. Institutional investors own 88.23% of the company’s stock.
Natural Gas Services Group, Inc. (NYSE NGS) traded up 0.41% on Tuesday, hitting $24.70. 35,871 shares of the stock traded hands. Natural Gas Services Group, Inc. has a 12-month low of $20.65 and a 12-month high of $34.50. The stock has a 50-day moving average price of $24.87 and a 200 day moving average price of $26.67. The stock has a market cap of $319.54 million, a P/E ratio of 77.19 and a beta of 1.23.
Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. The business had revenue of $16.20 million for the quarter, compared to the consensus estimate of $16.03 million. Natural Gas Services Group had a return on equity of 1.42% and a net margin of 4.85%. The company’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. On average, equities analysts expect that Natural Gas Services Group, Inc. will post $0.22 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “JPMorgan Chase & Co. Has $287,000 Position in Natural Gas Services Group, Inc. (NYSE:NGS)” was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://stocknewstimes.com/2017/08/08/natural-gas-services-group-inc-nysengs-shares-sold-by-jpmorgan-chase-co-updated.html.
NGS has been the subject of several recent analyst reports. ValuEngine upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 31st. Zacks Investment Research cut shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $32.67.
In related news, Director William F. Hughes, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were 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 $1,008,942.18. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephen Charles Taylor sold 12,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $24.99, for a total transaction 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. Over the last three months, insiders have sold 16,040 shares of company stock valued at $400,114. 6.53% of the stock is currently owned by insiders.
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.
Receive News & Ratings for Natural Gas Services Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Gas Services Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
