Natural Gas Services Group, Inc. (NYSE:NGS) CEO Buys $47,700.00 in Stock

Natural Gas Services Group, Inc. (NYSE:NGSGet Free Report) CEO Justin Jacobs bought 2,500 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average cost of $19.08 per share, for a total transaction of $47,700.00. Following the completion of the transaction, the chief executive officer now directly owns 2,862 shares in the company, valued at approximately $54,606.96. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Natural Gas Services Group Stock Performance

Shares of NGS stock opened at $19.39 on Friday. The company has a current ratio of 3.23, a quick ratio of 2.46 and a debt-to-equity ratio of 0.71. The company has a market cap of $241.15 million, a PE ratio of 25.51 and a beta of 1.11. The company’s fifty day simple moving average is $22.06 and its 200-day simple moving average is $18.34. Natural Gas Services Group, Inc. has a 52 week low of $9.59 and a 52 week high of $25.24.

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

Institutional Investors Weigh In On Natural Gas Services Group

Several hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC boosted its holdings in Natural Gas Services Group by 163.7% in the 1st quarter. Ancora Advisors LLC now owns 83,830 shares of the oil and gas company’s stock worth $1,629,000 after acquiring an additional 52,040 shares during the period. Perritt Capital Management Inc. boosted its stake in shares of Natural Gas Services Group by 51.0% in the first quarter. Perritt Capital Management Inc. now owns 15,100 shares of the oil and gas company’s stock valued at $293,000 after purchasing an additional 5,100 shares during the period. Vanguard Group Inc. grew its holdings in Natural Gas Services Group by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 491,167 shares of the oil and gas company’s stock valued at $9,543,000 after purchasing an additional 6,129 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Natural Gas Services Group by 32.4% during the 1st quarter. Russell Investments Group Ltd. now owns 172,221 shares of the oil and gas company’s stock worth $3,346,000 after buying an additional 42,099 shares during the period. Finally, Empowered Funds LLC lifted its holdings in Natural Gas Services Group by 8.2% in the 1st quarter. Empowered Funds LLC now owns 78,495 shares of the oil and gas company’s stock worth $1,525,000 after buying an additional 5,917 shares in the last quarter. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NGS has been the subject of several research analyst reports. 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 note on Wednesday, April 3rd. StockNews.com raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Friday, May 24th.

Check Out Our Latest Stock Analysis on NGS

About Natural Gas Services Group

(Get Free Report)

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.

Further Reading

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