Algert Global LLC boosted its holdings in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 10.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 77,397 shares of the oil and gas company’s stock after buying an additional 7,266 shares during the quarter. Algert Global LLC owned 0.60% of Natural Gas Services Group worth $2,198,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of America Corp DE raised its position in 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 buying an additional 1,178 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Natural Gas Services Group by 10.7% during the 2nd quarter. Voya Investment Management LLC now owns 9,464 shares of the oil and gas company’s stock valued at $235,000 after purchasing an additional 916 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Natural Gas Services Group by 14.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,424 shares of the oil and gas company’s stock valued at $284,000 after purchasing an additional 1,415 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 valued at $359,000 after purchasing an additional 3,445 shares in the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Natural Gas Services Group by 83.1% during the 2nd quarter. Citigroup Inc. now owns 14,633 shares of the oil and gas company’s stock valued at $364,000 after purchasing an additional 6,643 shares in the last quarter. 90.26% of the stock is owned by institutional investors.

In related news, VP James R. Hazlett sold 12,350 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $28.02, for a total value of $346,047.00. Following the completion of the sale, the vice president now owns 50,375 shares of the company’s stock, valued at approximately $1,411,507.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Stephen Charles Taylor sold 3,874 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $28.58, for a total transaction of $110,718.92. The disclosure for this sale can be found here. 6.88% of the stock is currently owned by insiders.

Natural Gas Services Group, Inc. (NYSE:NGS) traded down $0.55 during trading hours on Friday, hitting $24.40. 27,500 shares of the stock traded hands, compared to its average volume of 39,000. The stock has a market cap of $322.88, a price-to-earnings ratio of 138.61 and a beta of 1.28. Natural Gas Services Group, Inc. has a 52-week low of $22.40 and a 52-week high of $34.10.

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

Several research firms have recently weighed in on NGS. Zacks Investment Research lowered shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, September 27th. Imperial Capital began coverage on shares of Natural Gas Services Group in a report on Wednesday, August 23rd. They set an “outperform” rating and a $27.00 target price for the company. Finally, ValuEngine raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Natural Gas Services Group has a consensus rating of “Buy” and a consensus price target of $33.00.

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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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