Crown Advisors Management Inc. Purchases Shares of 80,000 Natural Gas Services Group, Inc. $NGS

Crown Advisors Management Inc. purchased a new stake in shares of Natural Gas Services Group, Inc. (NYSE:NGS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 80,000 shares of the oil and gas company’s stock, valued at approximately $3,451,000. Natural Gas Services Group comprises about 1.9% of Crown Advisors Management Inc.’s portfolio, making the stock its 17th largest position.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Natural Gas Services Group by 1.2% in the third quarter. Vanguard Group Inc. now owns 611,653 shares of the oil and gas company’s stock valued at $17,120,000 after purchasing an additional 7,345 shares during the period. Ameriprise Financial Inc. grew its position in shares of Natural Gas Services Group by 0.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 509,714 shares of the oil and gas company’s stock valued at $13,156,000 after buying an additional 2,424 shares during the last quarter. Weber Capital Management LLC ADV bought a new stake in shares of Natural Gas Services Group in the 4th quarter valued at about $16,777,000. Cannell Capital LLC increased its stake in shares of Natural Gas Services Group by 279.3% in the second quarter. Cannell Capital LLC now owns 331,616 shares of the oil and gas company’s stock valued at $8,559,000 after buying an additional 244,193 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Natural Gas Services Group by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 247,201 shares of the oil and gas company’s stock valued at $8,321,000 after buying an additional 8,304 shares during the period. Institutional investors and hedge funds own 65.62% of the company’s stock.

Natural Gas Services Group Price Performance

Natural Gas Services Group stock opened at $37.74 on Monday. The company has a current ratio of 2.01, a quick ratio of 1.12 and a debt-to-equity ratio of 1.11. The company has a market cap of $486.85 million, a price-to-earnings ratio of 23.44 and a beta of 0.42. Natural Gas Services Group, Inc. has a 12 month low of $24.13 and a 12 month high of $44.60. The business’s 50 day simple moving average is $39.62 and its 200 day simple moving average is $38.99.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings data on Monday, August 10th. The oil and gas company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Natural Gas Services Group had a net margin of 10.81% and a return on equity of 8.10%. The business had revenue of $51.40 million during the quarter, compared to analyst estimates of $50.24 million. Sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.60 annualized dividend and a yield of 1.6%. Natural Gas Services Group’s payout ratio is 37.27%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on NGS shares. Weiss Ratings lowered Natural Gas Services Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Zacks Research downgraded Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a report on Thursday. Stifel Nicolaus boosted their price target on Natural Gas Services Group from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, Raymond James Financial increased their price objective on shares of 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. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.50.

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.