Natural Gas Services Group (NYSE:NGS) Director Stephen Charles Taylor Sells 30,000 Shares

Natural Gas Services Group, Inc. (NYSE:NGS) Director Stephen Charles Taylor sold 30,000 shares of Natural Gas Services Group stock in a transaction on Friday, March 6th. The shares were sold at an average price of $37.23, for a total value of $1,116,900.00. Following the completion of the transaction, the director owned 175,432 shares of the company’s stock, valued at approximately $6,531,333.36. This trade represents a 14.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Stephen Charles Taylor also recently made the following trade(s):

• On Thursday, March 5th, Stephen Charles Taylor sold 70,000 shares of Natural Gas Services Group stock. The stock was sold at an average price of $37.58, for a total value of $2,630,600.00.
• On Wednesday, December 10th, Stephen Charles Taylor sold 10,000 shares of Natural Gas Services Group stock. The stock was sold at an average price of $33.16, for a total value of $331,600.00.

Natural Gas Services Group Stock Up 1.5%

NGS stock traded up $0.56 during mid-day trading on Monday, reaching $38.36. The company had a trading volume of 177,706 shares, compared to its average volume of 141,085. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.06 and a current ratio of 1.83. The company has a market capitalization of $482.15 million, a price-to-earnings ratio of 25.92 and a beta of 0.34. The firm has a fifty day simple moving average of $35.70 and a 200 day simple moving average of $31.26. Natural Gas Services Group, Inc. has a fifty-two week low of $16.73 and a fifty-two week high of $40.00.

Natural Gas Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Wednesday, February 18th. Natural Gas Services Group’s dividend payout ratio is presently 29.73%.

Institutional Trading of Natural Gas Services Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. grew its position in shares of Natural Gas Services Group by 425.0% in the 4th quarter. Invesco Ltd. now owns 105,842 shares of the oil and gas company’s stock valued at $3,562,000 after buying an additional 85,682 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new position in Natural Gas Services Group in the fourth quarter valued at $266,000. AQR Capital Management LLC purchased a new position in shares of Natural Gas Services Group during the fourth quarter worth about $239,000. Trexquant Investment LP purchased a new position in shares of Natural Gas Services Group during the fourth quarter worth about $649,000. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Natural Gas Services Group during the fourth quarter worth about $218,000. Institutional investors and hedge funds own 65.62% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on NGS. Stifel Nicolaus boosted their price target on shares of Natural Gas Services Group from $33.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Raymond James Financial cut shares of Natural Gas Services Group from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the stock from $34.00 to $42.00 in a research report on Tuesday, January 13th. Zacks Research downgraded shares of Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Natural Gas Services Group in a report on Monday, December 29th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.50.

About Natural Gas Services Group

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.