Nuveen LLC Purchases Shares of 22,634 Natural Gas Services Group, Inc. $NGS

Nuveen LLC acquired a new position in Natural Gas Services Group, Inc. (NYSE:NGS) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 22,634 shares of the oil and gas company’s stock, valued at approximately $497,000. Nuveen LLC owned about 0.18% of Natural Gas Services Group as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Invesco Ltd. raised its position in Natural Gas Services Group by 370.4% during the first quarter. Invesco Ltd. now owns 136,748 shares of the oil and gas company’s stock valued at $3,004,000 after acquiring an additional 107,679 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Natural Gas Services Group in the 1st quarter valued at $251,000. Victory Capital Management Inc. acquired a new position in shares of Natural Gas Services Group in the 1st quarter valued at $25,000. Rice Hall James & Associates LLC acquired a new position in Natural Gas Services Group during the 1st quarter worth about $1,458,000. Finally, Calamos Advisors LLC increased its holdings in Natural Gas Services Group by 20.1% during the 1st quarter. Calamos Advisors LLC now owns 12,504 shares of the oil and gas company’s stock worth $275,000 after purchasing an additional 2,095 shares during the period. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NGS shares. Wall Street Zen upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 21st. Stifel Nicolaus lifted their target price on Natural Gas Services Group from $32.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy” and a consensus price target of $32.50.

Insider Activity at Natural Gas Services Group

In other Natural Gas Services Group news, Director Jean K. Holley bought 3,752 shares of the business’s stock in a transaction on Thursday, September 4th. The shares were purchased at an average price of $26.58 per share, with a total value of $99,728.16. Following the purchase, the director directly owned 7,800 shares of the company’s stock, valued at approximately $207,324. The trade was a 92.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Stephen Charles Taylor sold 10,000 shares of Natural Gas Services Group stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $27.00, for a total value of $270,000.00. Following the transaction, the director owned 403,334 shares in the company, valued at approximately $10,890,018. This trade represents a 2.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 5.08% of the company’s stock.

Natural Gas Services Group Trading Up 3.3%

NYSE:NGS opened at $27.11 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.97 and a quick ratio of 1.23. Natural Gas Services Group, Inc. has a 12 month low of $16.73 and a 12 month high of $29.74. The firm has a market capitalization of $339.92 million, a PE ratio of 19.09 and a beta of 0.57. The business’s 50-day moving average is $25.05 and its two-hundred day moving average is $23.47.

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

Natural Gas Services Group Dividend Announcement

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

Natural Gas Services Group declared that its Board of Directors has approved a share repurchase plan on Monday, August 11th that permits the company to repurchase $6.00 million in outstanding shares. This repurchase authorization permits the oil and gas company to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.