Natural Gas Services Group (NYSE:NGS) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Natural Gas Services Group, Inc. (NYSE:NGS) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $23.60 and traded as high as $27.45. Natural Gas Services Group shares last traded at $27.34, with a volume of 47,169 shares.

Natural Gas Services Group Trading Up 1.0%

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 business’s 50 day moving average price is $25.41 and its 200-day moving average price is $23.60. The company has a market cap of $342.84 million, a price-to-earnings ratio of 19.25 and a beta of 0.57.

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, topping the consensus estimate of $0.32 by $0.09. Natural Gas Services Group had a net margin of 10.92% and a return on equity of 7.21%. The business had revenue of $41.38 million during the quarter, compared to analysts’ expectations of $41.87 million. On average, equities analysts anticipate that Natural Gas Services Group, Inc. will post 1.42 EPS for the current fiscal year.

Natural Gas Services Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 8th were given a dividend of $0.10 per share. 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 currently 28.17%.

Natural Gas Services Group declared that its Board of Directors has initiated 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 repurchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling 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 stock was purchased at an average cost of $26.58 per share, for a total transaction of $99,728.16. Following the completion of the purchase, the director directly owned 7,800 shares of the company’s stock, valued at approximately $207,324. This trade represents a 92.69% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen Charles Taylor sold 1,638 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $27.50, for a total value of $45,045.00. Following the sale, the director owned 396,952 shares of the company’s stock, valued at $10,916,180. The trade was a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,543 shares of company stock valued at $1,029,998 over the last 90 days. Corporate insiders own 7.25% of the company’s stock.

Institutional Trading of Natural Gas Services Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC acquired a new stake in Natural Gas Services Group in the first quarter valued at $254,000. GAMMA Investing LLC boosted its position in shares of Natural Gas Services Group by 4,293.1% during the 1st quarter. GAMMA Investing LLC now owns 1,274 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 1,245 shares in the last quarter. Rice Hall James & Associates LLC bought a new position in shares of Natural Gas Services Group during the 1st quarter worth about $1,458,000. Nuveen LLC bought a new position in shares of Natural Gas Services Group during the 1st quarter worth about $497,000. Finally, Russell Investments Group Ltd. lifted its position in Natural Gas Services Group by 17.9% in the 1st quarter. Russell Investments Group Ltd. now owns 163,473 shares of the oil and gas company’s stock valued at $3,591,000 after acquiring an additional 24,853 shares in the last quarter. 65.62% of the stock is currently owned by institutional investors and hedge funds.

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.