Alliancebernstein L.P. trimmed its holdings in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 9.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,077 shares of the oil and gas company’s stock after selling 1,600 shares during the quarter. Alliancebernstein L.P. owned 0.12% of Natural Gas Services Group worth $375,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Franklin Resources Inc. increased its position in shares of Natural Gas Services Group by 33.3% during the 2nd quarter. Franklin Resources Inc. now owns 928,700 shares of the oil and gas company’s stock worth $23,078,000 after purchasing an additional 232,000 shares during the last quarter. Kennedy Capital Management Inc. increased its position in shares of Natural Gas Services Group by 24.4% during the 2nd quarter. Kennedy Capital Management Inc. now owns 257,195 shares of the oil and gas company’s stock worth $6,391,000 after purchasing an additional 50,514 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Natural Gas Services Group by 31.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,454 shares of the oil and gas company’s stock worth $359,000 after purchasing an additional 3,445 shares during the last quarter. Royce & Associates LP increased its position in shares of Natural Gas Services Group by 18.1% during the 2nd quarter. Royce & Associates LP now owns 140,066 shares of the oil and gas company’s stock worth $3,481,000 after purchasing an additional 21,500 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Natural Gas Services Group by 23.8% during the 2nd quarter. Victory Capital Management Inc. now owns 48,845 shares of the oil and gas company’s stock worth $1,214,000 after purchasing an additional 9,396 shares during the last quarter. 89.05% of the stock is owned by hedge funds and other institutional investors.

Natural Gas Services Group, Inc. (NYSE NGS) opened at $27.55 on Wednesday. The firm has a market capitalization of $357.18, a PE ratio of 153.33 and a beta of 1.33. Natural Gas Services Group, Inc. has a 52-week low of $21.98 and a 52-week high of $34.50.

Natural Gas Services Group (NYSE:NGS) last released its earnings results on Thursday, November 2nd. The oil and gas company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $15.91 million during the quarter, compared to analyst estimates of $18.05 million. Natural Gas Services Group had a net margin of 3.41% and a return on equity of 0.98%. The business’s revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 earnings per share. research analysts predict that Natural Gas Services Group, Inc. will post 0.16 EPS for the current year.

In other news, VP James R. Hazlett sold 12,350 shares of Natural Gas Services Group stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $28.02, for a total value of $346,047.00. Following the completion of the transaction, the vice president now owns 50,375 shares in the company, valued at approximately $1,411,507.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen Charles Taylor sold 3,874 shares of Natural Gas Services Group stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $28.58, for a total value of $110,718.92. The disclosure for this sale can be found here. Insiders own 6.53% of the company’s stock.

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A number of analysts recently issued reports on NGS shares. ValuEngine downgraded Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Seaport Global Securities reaffirmed a “buy” rating on shares of Natural Gas Services Group in a research report on Friday, August 4th. Zacks Investment Research downgraded Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, Imperial Capital started coverage on Natural Gas Services Group in a research report on Wednesday, August 23rd. They issued an “outperform” rating and a $27.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Natural Gas Services Group currently has an average rating of “Hold” and an average target price of $32.67.

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.

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

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