Natural Gas Services Group (NYSE:NGS) Director Stephen Charles Taylor Sells 10,000 Shares of Stock

Natural Gas Services Group, Inc. (NYSE:NGS) Director Stephen Charles Taylor sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $30.31, for a total value of $303,100.00. Following the completion of the sale, the director owned 325,432 shares of the company’s stock, valued at approximately $9,863,843.92. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Friday, November 7th, Stephen Charles Taylor sold 11,152 shares of Natural Gas Services Group stock. The shares were sold at an average price of $29.06, for a total transaction of $324,077.12.
• On Thursday, November 6th, Stephen Charles Taylor sold 100 shares of Natural Gas Services Group stock. The stock was sold at an average price of $29.00, for a total transaction of $2,900.00.
• On Friday, September 26th, Stephen Charles Taylor sold 7,915 shares of Natural Gas Services Group stock. The shares were sold at an average price of $28.50, for a total transaction of $225,577.50.
• On Thursday, September 25th, Stephen Charles Taylor sold 759 shares of Natural Gas Services Group stock. The shares were sold at an average price of $28.50, for a total transaction of $21,631.50.
• On Wednesday, September 24th, Stephen Charles Taylor sold 1,326 shares of Natural Gas Services Group stock. The shares were sold at an average price of $28.50, for a total value of $37,791.00.
• On Tuesday, September 23rd, Stephen Charles Taylor sold 11,457 shares of Natural Gas Services Group stock. The shares were sold at an average price of $27.95, for a total value of $320,223.15.
• On Friday, September 19th, Stephen Charles Taylor sold 63 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.50, for a total value of $1,732.50.
• 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 transaction of $45,045.00.
• On Wednesday, September 17th, Stephen Charles Taylor sold 6,553 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.51, for a total transaction of $180,273.03.
• 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.

Natural Gas Services Group Stock Performance

NGS traded down $0.64 during trading on Friday, reaching $29.86. 22,743 shares of the company’s stock were exchanged, compared to its average volume of 71,807. The company has a market capitalization of $375.31 million, a P/E ratio of 21.03 and a beta of 0.59. The company has a quick ratio of 1.23, a current ratio of 1.97 and a debt-to-equity ratio of 0.68. The business has a 50 day moving average price of $27.90 and a 200 day moving average price of $25.93. Natural Gas Services Group, Inc. has a fifty-two week low of $16.73 and a fifty-two week high of $32.03.

Natural Gas Services Group (NYSE:NGS) last posted its earnings results on Monday, November 10th. The oil and gas company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.13. Natural Gas Services Group had a net margin of 10.92% and a return on equity of 7.21%. The business had revenue of $43.40 million for the quarter, compared to analysts’ expectations of $43.25 million. As a group, analysts predict that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current fiscal year.

Natural Gas Services Group announced that its Board of Directors has initiated a share repurchase 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 buy up to 1.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Natural Gas Services Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Thursday, November 20th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, November 20th. This is a positive change from Natural Gas Services Group’s previous quarterly dividend of $0.10. Natural Gas Services Group’s payout ratio is currently 29.73%.

Institutional Trading of Natural Gas Services Group

Large investors have recently added to or reduced their stakes in the company. Acuitas Investments LLC increased its stake in shares of Natural Gas Services Group by 8.2% during the 3rd quarter. Acuitas Investments LLC now owns 216,700 shares of the oil and gas company’s stock worth $6,065,000 after purchasing an additional 16,500 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in Natural Gas Services Group by 20.8% during the third quarter. Qube Research & Technologies Ltd now owns 94,239 shares of the oil and gas company’s stock worth $2,638,000 after purchasing an additional 16,253 shares during the period. Millennium Management LLC raised its stake in Natural Gas Services Group by 133.7% in the third quarter. Millennium Management LLC now owns 169,023 shares of the oil and gas company’s stock valued at $4,731,000 after buying an additional 96,690 shares during the period. Bank of America Corp DE lifted its position in shares of Natural Gas Services Group by 130.7% in the third quarter. Bank of America Corp DE now owns 24,847 shares of the oil and gas company’s stock valued at $695,000 after buying an additional 14,078 shares during the last quarter. Finally, Cannell Capital LLC lifted its position in shares of Natural Gas Services Group by 8.3% in the third quarter. Cannell Capital LLC now owns 359,021 shares of the oil and gas company’s stock valued at $10,049,000 after buying an additional 27,405 shares during the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on NGS. Stifel Nicolaus boosted their target price on Natural Gas Services Group from $33.00 to $39.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Natural Gas Services Group in a report on Monday. Finally, Zacks Research upgraded shares of Natural Gas Services Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 12th. Two investment analysts have rated the stock with a Strong Buy rating and two have issued a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Strong Buy” and an average price target of $35.50.

About Natural Gas Services Group

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.