Ameriprise Financial Inc. Has $13.20 Million Position in Natural Gas Services Group, Inc. (NYSE:NGS)

Ameriprise Financial Inc. reduced its position in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 15.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 492,594 shares of the oil and gas company’s stock after selling 86,979 shares during the period. Ameriprise Financial Inc. owned about 3.94% of Natural Gas Services Group worth $13,202,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Natural Gas Services Group during the fourth quarter worth about $128,000. Wells Fargo & Company MN boosted its position in shares of Natural Gas Services Group by 31.5% during the fourth quarter. Wells Fargo & Company MN now owns 6,022 shares of the oil and gas company’s stock worth $161,000 after buying an additional 1,443 shares during the period. FCA Corp TX acquired a new position in shares of Natural Gas Services Group during the fourth quarter worth about $188,000. Net Worth Advisory Group acquired a new position in shares of Natural Gas Services Group during the fourth quarter worth about $213,000. Finally, Proficio Capital Partners LLC bought a new stake in Natural Gas Services Group during the fourth quarter worth about $214,000. 65.62% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Stephen Charles Taylor sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $24.90, for a total value of $622,500.00. Following the completion of the sale, the director now directly owns 433,334 shares of the company’s stock, valued at $10,790,016.60. This trade represents a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 5.08% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on NGS shares. Raymond James reiterated a “strong-buy” rating and set a $32.00 target price (down previously from $33.00) on shares of Natural Gas Services Group in a report on Wednesday, March 19th. StockNews.com lowered Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th. Finally, Stifel Nicolaus upped their target price on Natural Gas Services Group from $32.00 to $33.00 and gave the stock a “buy” rating in a report on Friday.

Natural Gas Services Group Stock Performance

NGS opened at $24.91 on Friday. Natural Gas Services Group, Inc. has a 52-week low of $16.70 and a 52-week high of $29.74. The firm has a market capitalization of $312.06 million, a PE ratio of 19.46 and a beta of 0.53. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.76. The business’s 50-day simple moving average is $20.49 and its 200 day simple moving average is $24.00.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings data on Monday, May 12th. The oil and gas company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.11. Natural Gas Services Group had a return on equity of 6.60% and a net margin of 10.55%. The company had revenue of $41.38 million during the quarter, compared to analysts’ expectations of $40.52 million. As a group, sell-side analysts expect that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current fiscal year.

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.