WCM Investment Management CA raised its position in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 0.7% during the second quarter, Holdings Channel reports. The fund owned 160,942 shares of the oil and gas company’s stock after buying an additional 1,185 shares during the period. WCM Investment Management CA’s holdings in Natural Gas Services Group were worth $3,999,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in NGS. Wedge Capital Management L L P NC boosted its stake in shares of Natural Gas Services Group by 11.3% in the second quarter. Wedge Capital Management L L P NC now owns 49,200 shares of the oil and gas company’s stock worth $1,223,000 after buying an additional 5,000 shares during the last quarter. Monarch Partners Asset Management LLC boosted its stake in shares of Natural Gas Services Group by 39.8% in the second quarter. Monarch Partners Asset Management LLC now owns 14,510 shares of the oil and gas company’s stock worth $361,000 after buying an additional 4,130 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Natural Gas Services Group by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 89,885 shares of the oil and gas company’s stock worth $2,234,000 after buying an additional 579 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Natural Gas Services Group during the second quarter worth approximately $1,743,000. Finally, Strs Ohio boosted its stake in shares of Natural Gas Services Group by 31.5% in the second quarter. Strs Ohio now owns 28,000 shares of the oil and gas company’s stock worth $695,000 after buying an additional 6,700 shares during the last quarter. Institutional investors own 82.89% of the company’s stock.
Shares of Natural Gas Services Group, Inc. (NGS) traded down 1.54% during trading on Thursday, hitting $22.99. 3,922 shares of the stock were exchanged. The firm has a 50 day moving average of $24.78 and a 200-day moving average of $26.27. 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 market cap of $297.42 million, a PE ratio of 89.11 and a beta of 1.23.
Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.07 by $0.04. Natural Gas Services Group had a return on equity of 1.41% and a net margin of 4.85%. The business had revenue of $16.20 million during the quarter, compared to the consensus estimate of $16.03 million. During the same quarter in the prior year, the firm posted $0.10 EPS. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. Equities research analysts anticipate that Natural Gas Services Group, Inc. will post $0.19 earnings per share for the current fiscal year.
A number of analysts recently weighed in on NGS shares. Zacks Investment Research lowered shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Seaport Global Securities reaffirmed a “buy” rating on shares of Natural Gas Services Group in a report on Friday, August 4th. Finally, ValuEngine lowered shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Thursday, July 20th.
In other Natural Gas Services Group news, CEO Stephen Charles Taylor sold 12,000 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $24.99, for a total transaction of $299,880.00. Following the transaction, the chief executive officer now owns 284,245 shares in the company, valued at $7,103,282.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David L. Bradshaw sold 2,540 shares of the business’s stock in a transaction 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 owns 18,000 shares in the company, valued at approximately $424,800. The disclosure for this sale can be found here. Insiders sold 16,040 shares of company stock worth $400,114 in the last 90 days. 6.88% of the stock is currently owned by company insiders.
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.
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