Natural Gas Services Group (NYSE:NGS) Director Stephen Charles Taylor Sells 70,000 Shares of Stock

Natural Gas Services Group, Inc. (NYSE:NGS) Director Stephen Charles Taylor sold 70,000 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $37.58, for a total transaction of $2,630,600.00. Following the completion of the transaction, the director owned 205,432 shares in the company, valued at approximately $7,720,134.56. This represents a 25.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Friday, March 6th, Stephen Charles Taylor sold 30,000 shares of Natural Gas Services Group stock. The shares were sold at an average price of $37.23, for a total value of $1,116,900.00.
• On Wednesday, December 10th, Stephen Charles Taylor sold 10,000 shares of Natural Gas Services Group stock. The stock was sold at an average price of $33.16, for a total value of $331,600.00.

Natural Gas Services Group Trading Up 1.5%

Shares of NYSE NGS opened at $38.36 on Tuesday. The stock has a fifty day simple moving average of $35.79 and a 200-day simple moving average of $31.35. Natural Gas Services Group, Inc. has a twelve month low of $16.73 and a twelve month high of $40.00. The company has a current ratio of 1.83, a quick ratio of 1.06 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $482.15 million, a PE ratio of 25.92 and a beta of 0.34.

Natural Gas Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Wednesday, February 18th. Natural Gas Services Group’s dividend payout ratio is presently 29.73%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Raymond James Financial lowered Natural Gas Services Group from a “strong-buy” rating to an “outperform” rating and upped their price objective for the stock from $34.00 to $42.00 in a research report on Tuesday, January 13th. Stifel Nicolaus lifted their target price on Natural Gas Services Group from $33.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, November 12th. Zacks Research downgraded Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Natural Gas Services Group in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Natural Gas Services Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

Institutional Investors Weigh In On Natural Gas Services Group

A number of hedge funds and other institutional investors have recently modified their holdings of NGS. NewEdge Advisors LLC lifted its position in shares of Natural Gas Services Group by 831.2% during the 1st quarter. NewEdge Advisors LLC now owns 12,776 shares of the oil and gas company’s stock worth $281,000 after purchasing an additional 11,404 shares during the last quarter. Empowered Funds LLC increased its holdings in Natural Gas Services Group by 5.5% in the first quarter. Empowered Funds LLC now owns 98,479 shares of the oil and gas company’s stock valued at $2,164,000 after buying an additional 5,125 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Natural Gas Services Group in the second quarter valued at $225,000. Geode Capital Management LLC raised its stake in Natural Gas Services Group by 1.4% in the second quarter. Geode Capital Management LLC now owns 230,817 shares of the oil and gas company’s stock valued at $5,958,000 after buying an additional 3,221 shares in the last quarter. Finally, Inspire Advisors LLC lifted its holdings in Natural Gas Services Group by 5.8% during the 2nd quarter. Inspire Advisors LLC now owns 15,930 shares of the oil and gas company’s stock worth $411,000 after buying an additional 871 shares during 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 (NYSE: NGS) is an energy infrastructure company specializing in natural gas distribution and compression services across the United States. The company operates two primary lines of business: the Distribution segment provides natural gas delivery to residential, commercial and industrial customers, while the Compression Services segment rents, sells and services a diversified fleet of compression equipment for midstream and industrial applications.

In its Distribution segment, Natural Gas Services Group engineers, constructs and maintains local pipeline networks, meters and related apparatus to ensure safe and reliable natural gas supply to municipal utilities and private customers.