Insider Selling: Natural Gas Services Group (NYSE:NGS) Director Sells 6,553 Shares of Stock

Natural Gas Services Group, Inc. (NYSE:NGS) Director Stephen Charles Taylor sold 6,553 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $27.51, for a total value of $180,273.03. Following the completion of the sale, the director directly owned 398,590 shares of the company’s stock, valued at approximately $10,965,210.90. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, September 18th, Stephen Charles Taylor sold 1,638 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.50, for a total value of $45,045.00.
• On Tuesday, September 16th, Stephen Charles Taylor sold 289 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.50, for a total value of $7,947.50.
• On Thursday, September 4th, Stephen Charles Taylor sold 10,000 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.00, for a total value of $270,000.00.
• On Friday, August 22nd, Stephen Charles Taylor sold 20,000 shares of Natural Gas Services Group stock. The stock was sold at an average price of $26.25, for a total value of $525,000.00.

Natural Gas Services Group Stock Up 2.2%

Shares of Natural Gas Services Group stock opened at $27.38 on Friday. Natural Gas Services Group, Inc. has a 1 year low of $16.73 and a 1 year high of $29.74. The stock has a 50-day moving average price of $25.31 and a 200 day moving average price of $23.51. The company has a current ratio of 1.97, a quick ratio of 1.23 and a debt-to-equity ratio of 0.68. The company has a market cap of $343.35 million, a P/E ratio of 19.28 and a beta of 0.57.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings results on Monday, August 11th. The oil and gas company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.09. Natural Gas Services Group had a return on equity of 7.21% and a net margin of 10.92%.The company had revenue of $41.38 million during the quarter, compared to the consensus estimate of $41.87 million. As a group, analysts expect that Natural Gas Services Group, Inc. will post 1.42 EPS for the current fiscal year.

Natural Gas Services Group announced that its board has authorized a share buyback program on Monday, August 11th that permits the company to buyback $6.00 million in shares. This buyback authorization permits the oil and gas company to repurchase up to 1.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Natural Gas Services Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 8th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. Natural Gas Services Group’s dividend payout ratio (DPR) is 28.17%.

Institutional Investors Weigh In On Natural Gas Services Group

A number of hedge funds and other institutional investors have recently made changes to their positions in NGS. Cannell Capital LLC raised its stake in shares of 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 worth $8,559,000 after purchasing an additional 244,193 shares in the last quarter. Invesco Ltd. raised its stake in shares of Natural Gas Services Group by 370.4% during the 1st quarter. Invesco Ltd. now owns 136,748 shares of the oil and gas company’s stock worth $3,004,000 after purchasing an additional 107,679 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Natural Gas Services Group by 151.8% in the 2nd quarter. American Century Companies Inc. now owns 153,361 shares of the oil and gas company’s stock valued at $3,958,000 after acquiring an additional 92,444 shares in the last quarter. Rice Hall James & Associates LLC bought a new position in shares of Natural Gas Services Group in the 1st quarter valued at approximately $1,458,000. Finally, Raymond James Financial Inc. raised its stake in shares of Natural Gas Services Group by 133.2% in the 2nd quarter. Raymond James Financial Inc. now owns 91,243 shares of the oil and gas company’s stock valued at $2,355,000 after acquiring an additional 52,115 shares in the last quarter. 65.62% of the stock is owned by hedge funds and other institutional investors.

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.