Key Points
- Director Stephen Charles Taylor sold 30,000 shares on March 6 at an average price of $37.23 for proceeds of $1,116,900, following prior sales of 70,000 shares on March 5 and 10,000 on Dec. 10, leaving him with 175,432 shares (a 14.6% reduction) valued at about $6.53M.
- Natural Gas Services Group (NYSE:NGS) has a market cap of about $482M, a P/E of 25.92, a 52‑week range of $16.73–$40.00, recently paid a quarterly dividend of $0.11 (annualized $0.44, yield ~1.1%), and carries a consensus analyst rating of “Moderate Buy” with an average target of $40.50.
Natural Gas Services Group, Inc. (NYSE:NGS - Get Free Report) Director Stephen Charles Taylor sold 30,000 shares of the company's stock in a transaction on Friday, March 6th. The stock was sold at an average price of $37.23, for a total transaction of $1,116,900.00. Following the completion of the transaction, the director directly owned 175,432 shares of the company's stock, valued at $6,531,333.36. This represents a 14.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Stephen Charles Taylor also recently made the following trade(s):
- On Thursday, March 5th, Stephen Charles Taylor sold 70,000 shares of Natural Gas Services Group stock. The stock was sold at an average price of $37.58, for a total value of $2,630,600.00.
- On Wednesday, December 10th, Stephen Charles Taylor sold 10,000 shares of Natural Gas Services Group stock. The shares were sold at an average price of $33.16, for a total value of $331,600.00.
Natural Gas Services Group Price Performance
Shares of Natural Gas Services Group stock opened at $38.36 on Tuesday. The company has a market capitalization of $482.15 million, a price-to-earnings ratio of 25.92 and a beta of 0.34. The company has a quick ratio of 1.06, a current ratio of 1.83 and a debt-to-equity ratio of 0.77. The stock's 50-day simple moving average is $35.79 and its 200-day simple moving average is $31.35. Natural Gas Services Group, Inc. has a 52 week low of $16.73 and a 52 week high of $40.00.
Natural Gas Services Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were issued a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $0.44 dividend on an annualized basis and a yield of 1.1%. Natural Gas Services Group's payout ratio is currently 29.73%.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Natural Gas Services Group in a report on Monday, December 29th. Stifel Nicolaus boosted their target price on shares of Natural Gas Services Group from $33.00 to $39.00 and gave the stock a "buy" rating in a report on Wednesday, November 12th. Raymond James Financial lowered shares of Natural Gas Services Group from a "strong-buy" rating to an "outperform" rating and upped their target price for the stock from $34.00 to $42.00 in a research report on Tuesday, January 13th. Finally, Zacks Research cut shares of Natural Gas Services Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, January 12th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.50.
View Our Latest Research Report on Natural Gas Services Group
Institutional Investors Weigh In On Natural Gas Services Group
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its stake in shares of Natural Gas Services Group by 831.2% in the 1st quarter. NewEdge Advisors LLC now owns 12,776 shares of the oil and gas company's stock valued at $281,000 after purchasing an additional 11,404 shares during the last quarter. Empowered Funds LLC increased its position in shares of Natural Gas Services Group by 5.5% during the 1st quarter. Empowered Funds LLC now owns 98,479 shares of the oil and gas company's stock valued at $2,164,000 after purchasing an additional 5,125 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Natural Gas Services Group during the 2nd quarter valued at $225,000. Geode Capital Management LLC raised its holdings in Natural Gas Services Group by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 230,817 shares of the oil and gas company's stock valued at $5,958,000 after buying an additional 3,221 shares during the period. Finally, Inspire Advisors LLC lifted its position in Natural Gas Services Group by 5.8% in the second quarter. Inspire Advisors LLC now owns 15,930 shares of the oil and gas company's stock worth $411,000 after buying an additional 871 shares during the last quarter. 65.62% of the stock is currently owned by hedge funds and other institutional investors.
Natural Gas Services Group Company Profile
(
Get Free Report)
Natural Gas Services Group, Inc (NYSE: NGS) is an energy infrastructure company specializing in natural gas distribution and compression services across the United States. The company operates two primary lines of business: the Distribution segment provides natural gas delivery to residential, commercial and industrial customers, while the Compression Services segment rents, sells and services a diversified fleet of compression equipment for midstream and industrial applications.
In its Distribution segment, Natural Gas Services Group engineers, constructs and maintains local pipeline networks, meters and related apparatus to ensure safe and reliable natural gas supply to municipal utilities and private customers.
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