Key Points
- Director Stephen Charles Taylor sold 10,000 shares on Nov. 19 at an average price of $30.31 for $303,100, leaving him with 325,432 shares (≈$9.86M) and a reported 2.98% reduction in his ownership after a string of September–November sales.
- Shareholder returns boosted: the company raised its quarterly dividend to $0.11 (annualized $0.44, ~1.5% yield; ex-dividend Nov. 20) and authorized a $6.0M share repurchase program (up to ~1.9% of outstanding shares).
- Operational and analyst momentum: NGS beat recent quarterly estimates with $0.46 EPS vs. $0.33 expected and $43.4M revenue, and several analysts have upgraded the stock to ratings around "Buy/Strong Buy" with an average target of $35.50.
Natural Gas Services Group, Inc. (NYSE:NGS - Get Free Report) Director Stephen Charles Taylor sold 10,000 shares of the company's stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $30.31, for a total value of $303,100.00. Following the completion of the transaction, the director directly owned 325,432 shares in the company, valued at approximately $9,863,843.92. This represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Stephen Charles Taylor also recently made the following trade(s):
- On Friday, November 7th, Stephen Charles Taylor sold 11,152 shares of Natural Gas Services Group stock. The shares were sold at an average price of $29.06, for a total value of $324,077.12.
- On Thursday, November 6th, Stephen Charles Taylor sold 100 shares of Natural Gas Services Group stock. The stock was sold at an average price of $29.00, for a total value of $2,900.00.
- On Friday, September 26th, Stephen Charles Taylor sold 7,915 shares of Natural Gas Services Group stock. The stock was sold at an average price of $28.50, for a total value of $225,577.50.
- On Thursday, September 25th, Stephen Charles Taylor sold 759 shares of Natural Gas Services Group stock. The stock was sold at an average price of $28.50, for a total value of $21,631.50.
- On Wednesday, September 24th, Stephen Charles Taylor sold 1,326 shares of Natural Gas Services Group stock. The shares were sold at an average price of $28.50, for a total value of $37,791.00.
- On Tuesday, September 23rd, Stephen Charles Taylor sold 11,457 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.95, for a total transaction of $320,223.15.
- On Friday, September 19th, Stephen Charles Taylor sold 63 shares of Natural Gas Services Group stock. The shares were sold at an average price of $27.50, for a total transaction of $1,732.50.
- On Thursday, September 18th, Stephen Charles Taylor sold 1,638 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.50, for a total transaction of $45,045.00.
- On Wednesday, September 17th, Stephen Charles Taylor sold 6,553 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.51, for a total transaction of $180,273.03.
- On Tuesday, September 16th, Stephen Charles Taylor sold 289 shares of Natural Gas Services Group stock. The shares were sold at an average price of $27.50, for a total value of $7,947.50.
Natural Gas Services Group Price Performance
Natural Gas Services Group stock traded down $0.64 during mid-day trading on Friday, reaching $29.86. The company had a trading volume of 22,743 shares, compared to its average volume of 71,807. The business has a fifty day simple moving average of $27.90 and a 200 day simple moving average of $25.93. The company has a market cap of $375.31 million, a P/E ratio of 21.03 and a beta of 0.59. Natural Gas Services Group, Inc. has a fifty-two week low of $16.73 and a fifty-two week high of $32.03. The company has a current ratio of 1.97, a quick ratio of 1.23 and a debt-to-equity ratio of 0.68.
Natural Gas Services Group (NYSE:NGS - Get Free Report) last announced its quarterly earnings results on Monday, November 10th. The oil and gas company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.33 by $0.13. The company had revenue of $43.40 million during the quarter, compared to analysts' expectations of $43.25 million. Natural Gas Services Group had a return on equity of 7.21% and a net margin of 10.92%. On average, equities research analysts predict that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current year.
Natural Gas Services Group declared that its board has authorized a share repurchase plan on Monday, August 11th that allows the company to repurchase $6.00 million in outstanding shares. This repurchase authorization allows the oil and gas company to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.
Natural Gas Services Group Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Thursday, November 20th will be paid a $0.11 dividend. The ex-dividend date is Thursday, November 20th. This represents a $0.44 annualized dividend and a dividend yield of 1.5%. This is a boost from Natural Gas Services Group's previous quarterly dividend of $0.10. Natural Gas Services Group's dividend payout ratio (DPR) is 29.73%.
Institutional Investors Weigh In On Natural Gas Services Group
Hedge funds and other institutional investors have recently bought and sold shares of the business. Cannell Capital LLC boosted its holdings in shares of Natural Gas Services Group by 279.3% in the second quarter. Cannell Capital LLC now owns 331,616 shares of the oil and gas company's stock worth $8,559,000 after acquiring an additional 244,193 shares during the period. Invesco Ltd. lifted its holdings in Natural Gas Services Group by 370.4% during the 1st quarter. Invesco Ltd. now owns 136,748 shares of the oil and gas company's stock worth $3,004,000 after purchasing an additional 107,679 shares in the last quarter. Millennium Management LLC boosted its stake in Natural Gas Services Group by 133.7% in the 3rd quarter. Millennium Management LLC now owns 169,023 shares of the oil and gas company's stock worth $4,731,000 after purchasing an additional 96,690 shares during the period. American Century Companies Inc. grew its holdings in Natural Gas Services Group by 151.8% during the 2nd quarter. American Century Companies Inc. now owns 153,361 shares of the oil and gas company's stock valued at $3,958,000 after buying an additional 92,444 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Natural Gas Services Group by 133.2% during the second quarter. Raymond James Financial Inc. now owns 91,243 shares of the oil and gas company's stock valued at $2,355,000 after buying an additional 52,115 shares during the period. Institutional investors own 65.62% of the company's stock.
Analyst Upgrades and Downgrades
NGS has been the subject of a number of research analyst reports. Zacks Research raised Natural Gas Services Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 12th. Weiss Ratings restated a "buy (b-)" rating on shares of Natural Gas Services Group in a report on Monday. Finally, Stifel Nicolaus boosted their target price on shares of Natural Gas Services Group from $33.00 to $39.00 and gave the company a "buy" rating in a research note on Wednesday, November 12th. Two research analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Strong Buy" and an average price target of $35.50.
Get Our Latest Stock Analysis on Natural Gas Services Group
Natural Gas Services Group Company Profile
(
Get Free Report)
Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.
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