Natural Gas Services Group, Inc. (NYSE:NGS) Director Sells $87,805.42 in Stock

Natural Gas Services Group, Inc. (NYSE:NGS) Director Stephen Charles Taylor sold 3,442 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $25.51, for a total value of $87,805.42. Following the sale, the director now directly owns 524,903 shares of the company’s stock, valued at approximately $13,390,275.53. This represents a 0.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, November 15th, Stephen Charles Taylor sold 10,042 shares of Natural Gas Services Group stock. The shares were sold at an average price of $25.01, for a total value of $251,150.42.
• On Wednesday, November 13th, Stephen Charles Taylor sold 2,191 shares of Natural Gas Services Group stock. The stock was sold at an average price of $24.50, for a total value of $53,679.50.
• On Monday, November 11th, Stephen Charles Taylor sold 3,096 shares of Natural Gas Services Group stock. The shares were sold at an average price of $24.50, for a total transaction of $75,852.00.
• On Monday, August 26th, Stephen Charles Taylor sold 3,181 shares of Natural Gas Services Group stock. The stock was sold at an average price of $22.00, for a total transaction of $69,982.00.
• On Tuesday, August 20th, Stephen Charles Taylor sold 4,690 shares of Natural Gas Services Group stock. The stock was sold at an average price of $22.14, for a total transaction of $103,836.60.

Natural Gas Services Group Stock Performance

Shares of NGS opened at $25.02 on Tuesday. The company has a quick ratio of 1.66, a current ratio of 2.34 and a debt-to-equity ratio of 0.66. Natural Gas Services Group, Inc. has a 52-week low of $12.75 and a 52-week high of $25.60. The company has a 50-day simple moving average of $20.45 and a 200-day simple moving average of $20.58. The company has a market capitalization of $311.92 million, a PE ratio of 19.55 and a beta of 1.03.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NGS. MetLife Investment Management LLC boosted its position in Natural Gas Services Group by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock worth $121,000 after purchasing an additional 3,564 shares in the last quarter. BNP Paribas Financial Markets raised its position in Natural Gas Services Group by 54.7% during the third quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock worth $165,000 after acquiring an additional 3,056 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Natural Gas Services Group in the second quarter valued at about $208,000. Rhumbline Advisers grew its position in shares of Natural Gas Services Group by 2,513.0% in the second quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock valued at $243,000 after purchasing an additional 11,610 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Natural Gas Services Group during the 3rd quarter worth approximately $261,000. 65.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on NGS. StockNews.com downgraded shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Tuesday, November 12th. Raymond James started coverage on Natural Gas Services Group in a report on Wednesday, August 7th. They issued a “strong-buy” rating and a $27.00 price target for the company.

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.