Natural Gas Services Group, Inc. (NYSE:NGS) Short Interest Down 15.9% in May

Natural Gas Services Group, Inc. (NYSE:NGS) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 134,800 shares, a decrease of 15.9% from the May 15th total of 160,200 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average daily trading volume, of 77,100 shares, the short-interest ratio is currently 1.7 days.

Institutional Investors Weigh In On Natural Gas Services Group

Several institutional investors and hedge funds have recently made changes to their positions in the stock. AJOVista LLC acquired a new position in shares of Natural Gas Services Group in the 4th quarter valued at $38,000. Barclays PLC acquired a new position in shares of Natural Gas Services Group in the third quarter valued at about $39,000. Tower Research Capital LLC TRC raised its stake in shares of Natural Gas Services Group by 6,586.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,343 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 3,293 shares during the last quarter. Citigroup Inc. acquired a new stake in shares of Natural Gas Services Group during the third quarter worth about $129,000. Finally, Jump Financial LLC acquired a new stake in shares of Natural Gas Services Group during the fourth quarter worth about $175,000. 65.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. StockNews.com upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Friday, May 24th. Stifel Nicolaus upped their price target on Natural Gas Services Group from $18.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd.

Natural Gas Services Group Price Performance

Shares of NYSE NGS opened at $18.92 on Monday. Natural Gas Services Group has a fifty-two week low of $9.55 and a fifty-two week high of $25.24. The company has a market cap of $235.36 million, a PE ratio of 24.90 and a beta of 1.11. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.46 and a current ratio of 3.23. The business has a 50-day simple moving average of $22.40 and a two-hundred day simple moving average of $18.28.

Natural Gas Services Group (NYSE:NGS) last released its earnings results on Wednesday, May 15th. The oil and gas company reported $0.41 EPS for the quarter. The company had revenue of $36.91 million during the quarter. Natural Gas Services Group had a net margin of 7.21% and a return on equity of 4.35%.

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.