Brasada Capital Management LP Purchases Shares of 15,000 Natural Gas Services Group, Inc. $NGS

Brasada Capital Management LP purchased a new position in Natural Gas Services Group, Inc. (NYSE:NGS) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 15,000 shares of the oil and gas company’s stock, valued at approximately $647,000.

A number of other hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Natural Gas Services Group during the second quarter worth about $41,482,000. Weber Capital Management LLC ADV purchased a new position in Natural Gas Services Group during the 2nd quarter valued at about $20,694,776,000. Cannell Capital LLC increased its holdings in Natural Gas Services Group by 279.3% during the 2nd quarter. Cannell Capital LLC now owns 331,616 shares of the oil and gas company’s stock valued at $8,559,000 after purchasing an additional 244,193 shares during the period. AWM Investment Company Inc. purchased a new position in Natural Gas Services Group during the 2nd quarter valued at about $8,185,000. Finally, LPL Financial LLC bought a new position in Natural Gas Services Group during the 4th quarter valued at approximately $3,591,000. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Natural Gas Services Group Stock Up 2.0%

Natural Gas Services Group stock opened at $35.45 on Friday. The firm has a market cap of $457.31 million, a price-to-earnings ratio of 22.02 and a beta of 0.42. The stock has a fifty day simple moving average of $38.53 and a two-hundred day simple moving average of $39.05. Natural Gas Services Group, Inc. has a 12 month low of $25.49 and a 12 month high of $44.60. The company has a current ratio of 2.01, a quick ratio of 1.12 and a debt-to-equity ratio of 1.11.

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

Natural Gas Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders 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 dividend on an annualized basis and a yield of 1.7%. Natural Gas Services Group’s payout ratio is 37.27%.

Analysts Set New Price Targets

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

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.