Natural Gas Services Group, Inc. (NGS) Holdings Boosted by AlphaOne Investment Services LLC

AlphaOne Investment Services LLC grew its holdings in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 6.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 148,573 shares of the oil and gas company’s stock after purchasing an additional 9,186 shares during the period. AlphaOne Investment Services LLC owned approximately 1.15% of Natural Gas Services Group worth $3,691,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in Natural Gas Services Group by 18.2% during the 1st quarter. Wells Fargo & Company MN now owns 28,665 shares of the oil and gas company’s stock worth $747,000 after purchasing an additional 4,420 shares during the period. Vanguard Group Inc. increased its position in Natural Gas Services Group by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 555,301 shares of the oil and gas company’s stock worth $14,466,000 after purchasing an additional 9,793 shares during the period. Russell Investments Group Ltd. acquired a new position in Natural Gas Services Group during the 1st quarter worth approximately $623,000. Renaissance Technologies LLC increased its position in Natural Gas Services Group by 18.9% during the 1st quarter. Renaissance Technologies LLC now owns 314,400 shares of the oil and gas company’s stock worth $8,190,000 after purchasing an additional 49,900 shares during the period. Finally, Royce & Associates LP increased its position in Natural Gas Services Group by 18.1% during the 2nd quarter. Royce & Associates LP now owns 140,066 shares of the oil and gas company’s stock worth $3,481,000 after purchasing an additional 21,500 shares during the period. Institutional investors own 89.28% of the company’s stock.

Several equities analysts have issued reports on NGS shares. Zacks Investment Research upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. ValuEngine upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Imperial Capital started coverage on Natural Gas Services Group in a research report on Wednesday, August 23rd. They set an “outperform” rating and a $27.00 target price on the stock. Finally, Seaport Global Securities reiterated a “buy” rating on shares of Natural Gas Services Group in a research report on Friday, August 4th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $31.25.

In related news, CEO Stephen Charles Taylor sold 12,000 shares of the firm’s stock in a transaction that occurred 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 through this hyperlink. 6.53% of the stock is owned by company insiders.

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Natural Gas Services Group, Inc. (NYSE NGS) traded up 0.40% during midday trading on Wednesday, hitting $25.15. The company had a trading volume of 11,982 shares. 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 market cap of $325.37 million, a price-to-earnings ratio of 97.48 and a beta of 1.26. The company’s 50 day moving average is $24.03 and its 200 day moving average is $25.58.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings data 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). Natural Gas Services Group had a net margin of 4.85% and a return on equity of 1.41%. The company had revenue of $16.20 million for the quarter, compared to analyst estimates of $16.03 million. During the same quarter in the prior year, the business earned $0.10 EPS. Natural Gas Services Group’s revenue was down 5.8% compared to the same quarter last year. On average, equities analysts anticipate that Natural Gas Services Group, Inc. will post $0.18 EPS for the current fiscal year.

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.

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

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