White Pine Capital LLC Acquires 3,036 Shares of Natural Gas Services Group, Inc. (NYSE:NGS)

White Pine Capital LLC increased its holdings in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 6.4% during the fourth quarter, HoldingsChannel reports. The firm owned 50,666 shares of the oil and gas company’s stock after buying an additional 3,036 shares during the period. White Pine Capital LLC’s holdings in Natural Gas Services Group were worth $815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of NGS. Assenagon Asset Management S.A. increased its position in Natural Gas Services Group by 32.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 48,573 shares of the oil and gas company’s stock valued at $781,000 after acquiring an additional 11,891 shares during the last quarter. Citigroup Inc. purchased a new stake in Natural Gas Services Group during the third quarter valued at $129,000. Boston Partners increased its position in Natural Gas Services Group by 13.4% during the third quarter. Boston Partners now owns 65,915 shares of the oil and gas company’s stock valued at $960,000 after acquiring an additional 7,803 shares during the last quarter. Acadian Asset Management LLC increased its position in Natural Gas Services Group by 854.4% during the third quarter. Acadian Asset Management LLC now owns 24,567 shares of the oil and gas company’s stock valued at $356,000 after acquiring an additional 21,993 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Natural Gas Services Group by 66.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 29,691 shares of the oil and gas company’s stock valued at $432,000 after acquiring an additional 11,874 shares during the last quarter. 65.62% of the stock is owned by institutional investors.

Natural Gas Services Group Stock Performance

NGS traded down $0.38 during midday trading on Friday, reaching $23.79. The company had a trading volume of 101,529 shares, compared to its average volume of 112,535. The company has a quick ratio of 1.67, a current ratio of 2.33 and a debt-to-equity ratio of 0.70. The business has a 50-day moving average of $19.85 and a two-hundred day moving average of $16.49. The company has a market cap of $295.95 million, a P/E ratio of 62.61 and a beta of 1.16. Natural Gas Services Group, Inc. has a 1 year low of $9.55 and a 1 year high of $24.90.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings results on Monday, April 1st. The oil and gas company reported $0.13 EPS for the quarter. The business had revenue of $36.22 million during the quarter, compared to analysts’ expectations of $32.90 million. Natural Gas Services Group had a return on equity of 2.37% and a net margin of 3.92%. As a group, equities research analysts predict that Natural Gas Services Group, Inc. will post 1.24 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upped their price objective on Natural Gas Services Group from $18.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.