Russell Investments Group Ltd. grew its position in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 15.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 27,600 shares of the oil and gas company’s stock after acquiring an additional 3,700 shares during the period. Russell Investments Group Ltd. owned about 0.21% of Natural Gas Services Group worth $686,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of Natural Gas Services Group by 29.0% during the 1st quarter. Bank of America Corp DE now owns 5,239 shares of the oil and gas company’s stock worth $137,000 after acquiring an additional 1,178 shares during the period. American International Group Inc. grew its holdings in shares of Natural Gas Services Group by 7.1% during the 1st quarter. American International Group Inc. now owns 7,594 shares of the oil and gas company’s stock worth $198,000 after acquiring an additional 504 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of Natural Gas Services Group by 4.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,070 shares of the oil and gas company’s stock worth $235,000 after acquiring an additional 350 shares during the period. Trexquant Investment LP purchased a new position in shares of Natural Gas Services Group during the 1st quarter worth approximately $266,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Natural Gas Services Group by 4.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 14,148 shares of the oil and gas company’s stock worth $369,000 after acquiring an additional 599 shares during the period. Hedge funds and other institutional investors own 89.28% of the company’s stock.

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Shares of Natural Gas Services Group, Inc. (NYSE:NGS) traded down 2.82% during mid-day trading on Friday, hitting $24.15. The stock had a trading volume of 91,193 shares. The stock has a market cap of $312.43 million, a P/E ratio of 93.60 and a beta of 1.26. The company’s 50 day moving average is $24.02 and its 200-day moving average is $25.61. Natural Gas Services Group, Inc. has a 52-week low of $20.65 and a 52-week high of $34.50.

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

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

In other 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 directly owns 284,245 shares of the company’s stock, valued at $7,103,282.55. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David L. Bradshaw sold 2,540 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 18,000 shares in the company, valued at $424,800. The disclosure for this sale can be found here. Company insiders own 6.88% of the company’s stock.

Natural Gas Services Group Company 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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