Kennedy Capital Management Inc. grew its holdings in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 24.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 257,195 shares of the oil and gas company’s stock after acquiring an additional 50,514 shares during the period. Kennedy Capital Management Inc. owned about 1.99% of Natural Gas Services Group worth $6,391,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in NGS. Bank of America Corp DE increased its position in shares of Natural Gas Services Group by 29.0% during the first quarter. Bank of America Corp DE now owns 5,239 shares of the oil and gas company’s stock worth $137,000 after buying an additional 1,178 shares during the period. American International Group Inc. increased its position in shares of Natural Gas Services Group by 7.1% during the first quarter. American International Group Inc. now owns 7,594 shares of the oil and gas company’s stock worth $198,000 after buying an additional 504 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Natural Gas Services Group by 4.0% during the second quarter. Nisa Investment Advisors LLC now owns 9,070 shares of the oil and gas company’s stock worth $235,000 after buying an additional 350 shares during the period. Trexquant Investment LP acquired a new stake in shares of Natural Gas Services Group during the first quarter worth $266,000. Finally, JPMorgan Chase & Co. increased its position in shares of Natural Gas Services Group by 31.3% during the second quarter. JPMorgan Chase & Co. now owns 14,454 shares of the oil and gas company’s stock worth $359,000 after buying an additional 3,445 shares during the period. 89.28% of the stock is owned by hedge funds and other institutional investors.

Shares of Natural Gas Services Group, Inc. (NGS) opened at 24.45 on Wednesday. Natural Gas Services Group, Inc. has a 12-month low of $20.65 and a 12-month high of $34.50. The firm has a market capitalization of $316.31 million, a PE ratio of 94.77 and a beta of 1.26. The firm has a 50-day moving average of $24.07 and a 200-day moving average of $25.67.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $16.20 million during the quarter, compared to the consensus estimate of $16.03 million. During the same quarter last year, the company posted $0.10 earnings per share. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. Equities analysts anticipate that Natural Gas Services Group, Inc. will post $0.18 earnings per share for the current year.

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In other Natural Gas Services Group news, CEO Stephen Charles Taylor sold 12,000 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $24.99, for a total value of $299,880.00. Following the completion of the transaction, the chief executive officer now directly owns 284,245 shares in the company, valued at approximately $7,103,282.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David L. Bradshaw sold 2,540 shares of the company’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $23.60, for a total transaction of $59,944.00. Following the completion of the transaction, the director now owns 18,000 shares of the company’s stock, valued at $424,800. The disclosure for this sale can be found here. 6.53% of the stock is currently owned by corporate insiders.

Several research firms have recently weighed in on NGS. ValuEngine upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 31st. Seaport Global Securities reiterated a “buy” rating on shares of Natural Gas Services Group in a research report on Friday, August 4th. Zacks Investment Research cut shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, Imperial Capital began coverage on shares of Natural Gas Services Group in a research report on Wednesday, August 23rd. They set an “outperform” rating and a $27.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $31.25.

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

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