OneDigital Investment Advisors LLC Makes New $644,000 Investment in Natural Gas Services Group, Inc. $NGS

OneDigital Investment Advisors LLC acquired a new position in shares of Natural Gas Services Group, Inc. (NYSE:NGS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 14,931 shares of the oil and gas company’s stock, valued at approximately $644,000. OneDigital Investment Advisors LLC owned approximately 0.12% of Natural Gas Services Group as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Weber Capital Management LLC ADV bought a new position in shares of Natural Gas Services Group in the fourth quarter valued at $16,777,000. Cannell Capital LLC raised its position in Natural Gas Services Group by 279.3% during the second quarter. Cannell Capital LLC now owns 331,616 shares of the oil and gas company’s stock worth $8,559,000 after acquiring an additional 244,193 shares in the last quarter. LPL Financial LLC acquired a new stake in Natural Gas Services Group in the fourth quarter valued at $3,591,000. Bank of New York Mellon Corp bought a new position in shares of Natural Gas Services Group in the 2nd quarter valued at about $4,219,000. Finally, Millennium Management LLC grew its position in shares of Natural Gas Services Group by 133.7% in the 3rd quarter. Millennium Management LLC now owns 169,023 shares of the oil and gas company’s stock valued at $4,731,000 after acquiring an additional 96,690 shares during the period. Institutional investors and hedge funds own 65.62% of the company’s stock.

Analysts Set New Price Targets

NGS has been the topic of a number of research analyst reports. Weiss Ratings cut shares of Natural Gas Services Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Stifel Nicolaus lifted their price target on Natural Gas Services Group from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Raymond James Financial boosted their price target on Natural Gas Services Group from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Finally, Zacks Research lowered Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 13th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $50.50.

Natural Gas Services Group Stock Performance

NYSE NGS opened at $37.55 on Wednesday. The firm has a 50-day moving average of $39.49 and a 200-day moving average of $39.04. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.12 and a current ratio of 2.01. The stock has a market cap of $484.45 million, a PE ratio of 23.33 and a beta of 0.42. Natural Gas Services Group, Inc. has a 52-week low of $24.73 and a 52-week high of $44.60.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings results on Monday, August 10th. The oil and gas company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $51.40 million for the quarter, compared to analyst estimates of $50.24 million. Natural Gas Services Group had a net margin of 10.81% and a return on equity of 8.10%. On average, sell-side analysts anticipate that Natural Gas Services Group, Inc. will post 1.91 EPS for the current year.

Natural Gas Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.60 annualized dividend and a dividend yield of 1.6%. Natural Gas Services Group’s dividend payout ratio is presently 37.27%.

Natural Gas Services Group Profile

Natural Gas Services Group, Inc (NYSE: NGS) is an energy infrastructure company specializing in natural gas distribution and compression services across the United States. The company operates two primary lines of business: the Distribution segment provides natural gas delivery to residential, commercial and industrial customers, while the Compression Services segment rents, sells and services a diversified fleet of compression equipment for midstream and industrial applications.

In its Distribution segment, Natural Gas Services Group engineers, constructs and maintains local pipeline networks, meters and related apparatus to ensure safe and reliable natural gas supply to municipal utilities and private customers.