Oslo Asset Management AS Continues to Hold Position in Natural Gas Services Group, Inc. (NYSE:NGS)

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

A number of other hedge funds have also recently modified their holdings of the stock. State Street Corp boosted its stake in 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 during the last quarter. Teachers Advisors LLC boosted its stake 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 worth $969,000 after buying an additional 225 shares during the last quarter. Highbridge Capital Management LLC bought a new stake in Natural Gas Services Group during the fourth quarter worth $265,000. WCM Investment Management CA boosted its stake in Natural Gas Services Group by 39.8% in the first quarter. WCM Investment Management CA now owns 159,757 shares of the oil and gas company’s stock worth $4,162,000 after buying an additional 45,475 shares during the last quarter. Finally, Russell Investments Group Ltd. bought a new stake in Natural Gas Services Group during the first quarter worth $623,000. 82.89% of the stock is currently owned by hedge funds and other institutional investors.

Natural Gas Services Group, Inc. (NYSE:NGS) opened at 23.95 on Tuesday. The stock has a 50 day moving average of $24.83 and a 200-day moving average of $26.34. The firm has a market capitalization of $309.84 million, a PE ratio of 92.83 and a beta of 1.23. Natural Gas Services Group, Inc. has a one year low of $20.65 and a one year high of $34.50.

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

NGS has been the topic of a number of research analyst reports. Zacks Investment Research cut shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. ValuEngine raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 31st. Finally, Seaport Global Securities reissued 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 given a buy rating to the company’s stock. Natural Gas Services Group presently has an average rating of “Hold” and an average target price of $32.67.

In related news, Director David L. Bradshaw sold 2,540 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $23.60, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William F. Hughes, Jr. sold 1,500 shares of the company’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 value of $40,290.00. Following the sale, the director now directly owns 37,563 shares in the company, valued at $1,008,942.18. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,040 shares of company stock worth $400,114. Corporate 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.