Natural Gas Services Group, Inc. $NGS Stock: State of Wyoming Increases Stake

by · The Cerbat Gem

State of Wyoming raised its position in shares of Natural Gas Services Group, Inc. (NYSE:NGS – Free Report) by 2,122.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,536 shares of the oil and gas company’s stock after buying an additional 17,702 shares during the quarter. State of Wyoming owned about 0.14% of Natural Gas Services Group worth $600,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Natural Gas Services Group during the second quarter worth $41,482,000. Weber Capital Management LLC ADV purchased a new position in shares of Natural Gas Services Group in the second quarter worth $20,694,776. AWM Investment Company Inc. purchased a new position in shares of Natural Gas Services Group in the second quarter worth $8,185,000. Cannell Capital LLC purchased a new stake in shares of Natural Gas Services Group during the second quarter valued at $5,279,775. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Natural Gas Services Group during the second quarter valued at $4,219,000. 65.62% of the stock is currently owned by institutional investors.

Natural Gas Services Group Price Performance

Shares of NGS stock opened at $32.36 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.01 and a quick ratio of 1.12. The firm’s 50-day moving average is $33.79 and its two-hundred day moving average is $37.41. Natural Gas Services Group, Inc. has a 12 month low of $27.22 and a 12 month high of $44.60. The company has a market capitalization of $417.38 million, a PE ratio of 20.10 and a beta of 0.47.

Natural Gas Services Group (NYSE:NGS – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The oil and gas company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.07. The business had revenue of $51.40 million during the quarter, compared to analysts’ expectations of $50.24 million. Natural Gas Services Group had a net margin of 10.81% and a return on equity of 8.10%. Analysts predict that Natural Gas Services Group, Inc. will post 1.91 earnings per share for the current year.

Natural Gas Services Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, August 19th. This represents a $0.60 dividend on an annualized basis and a yield of 1.9%. Natural Gas Services Group’s dividend payout ratio is presently 37.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Zacks Research lowered shares of Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Raymond James Financial increased their target price on Natural Gas Services Group from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Finally, Weiss Ratings cut Natural Gas Services Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Natural Gas Services Group currently has a consensus rating of “Moderate Buy” and an average price target of $50.50.

Check Out Our Latest Stock Report on Natural Gas Services Group

Natural Gas Services Group Company Profile

(Free Report)

Natural Gas Services Group, Inc provides natural gas compression equipment and services to oil and natural gas producers, processors and pipeline companies. The company designs, fabricates, sells and rents natural gas compressors used to maintain pressure and improve the flow of natural gas from production wells and through gathering and processing systems.

The company’s offerings include compressor packages, contract compression services, equipment fabrication and engineering support.

Further Reading

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