Natural Gas Services Group, Inc. (NGS) Shares Sold by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC lowered its position in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 1.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,042 shares of the oil and gas company’s stock after selling 924 shares during the period. TIAA CREF Investment Management LLC owned about 0.45% of Natural Gas Services Group worth $1,512,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp increased its position in shares of Natural Gas Services Group by 6.0% in the fourth quarter. State Street Corp now owns 243,800 shares of the oil and gas company’s stock worth $7,840,000 after buying an additional 13,779 shares in the last quarter. Teachers Advisors LLC increased its position in shares of 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 worth $969,000 after buying an additional 225 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in shares of Natural Gas Services Group during the fourth quarter worth about $265,000. Russell Investments Group Ltd. acquired a new position in shares of Natural Gas Services Group during the first quarter worth about $623,000. Finally, Punch & Associates Investment Management Inc. increased its position in shares of Natural Gas Services Group by 9.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 368,685 shares of the oil and gas company’s stock worth $9,604,000 after buying an additional 32,300 shares in the last quarter. Institutional investors own 88.23% of the company’s stock.

Natural Gas Services Group, Inc. (NYSE:NGS) traded down 1.67% on Friday, hitting $23.60. The company’s stock had a trading volume of 37,532 shares. The firm has a 50 day moving average of $24.85 and a 200 day moving average of $26.44. Natural Gas Services Group, Inc. has a 12 month low of $20.65 and a 12 month high of $34.50. The firm has a market cap of $305.31 million, a price-to-earnings ratio of 91.47 and a beta of 1.23.

Natural Gas Services Group (NYSE:NGS) last issued its earnings results on Thursday, August 3rd. The oil and gas company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.04. The company had revenue of $16.20 million for the quarter, compared to analysts’ expectations of $16.03 million. Natural Gas Services Group had a return on equity of 1.41% and a net margin of 4.85%. The business’s revenue was down 5.8% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. Equities research analysts forecast that Natural Gas Services Group, Inc. will post $0.19 earnings per share for the current fiscal year.

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A number of research analysts recently issued reports on NGS shares. Zacks Investment Research downgraded Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. ValuEngine upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 31st. Finally, Seaport Global Securities restated a “buy” rating on shares of Natural Gas Services Group in a report on Friday, August 4th. 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. Natural Gas Services Group presently has a consensus rating of “Hold” and an average target price of $32.67.

In other news, Director David L. Bradshaw sold 2,540 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $23.60, for a total transaction of $59,944.00. Following the transaction, the director now directly owns 18,000 shares of the company’s stock, valued at $424,800. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Stephen Charles Taylor sold 12,000 shares of the firm’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 transaction, the chief executive officer now directly owns 284,245 shares in the company, valued at $7,103,282.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,040 shares of company stock worth $400,114. 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.

Institutional Ownership by Quarter for Natural Gas Services Group (NYSE:NGS)

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