Short Interest in Natural Gas Services Group, Inc. (NYSE:NGS) Grows By 166.4%

Natural Gas Services Group, Inc. (NYSE:NGS) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 258,900 shares, a growth of 166.4% from the June 30th total of 97,200 shares. Based on an average trading volume of 89,200 shares, the days-to-cover ratio is currently 2.9 days. Currently, 2.7% of the company’s shares are sold short.

Insider Activity at Natural Gas Services Group

In other Natural Gas Services Group news, CEO Justin Jacobs purchased 2,500 shares of Natural Gas Services Group stock in a transaction dated Friday, June 14th. The shares were acquired at an average price of $19.08 per share, with a total value of $47,700.00. Following the completion of the transaction, the chief executive officer now owns 2,862 shares of the company’s stock, valued at $54,606.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.93% of the stock is currently owned by company insiders.

Institutional Trading of Natural Gas Services Group

Institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. raised its stake in Natural Gas Services Group by 4.5% during the 1st quarter. Assenagon Asset Management S.A. now owns 50,755 shares of the oil and gas company’s stock worth $986,000 after acquiring an additional 2,182 shares in the last quarter. AJOVista LLC purchased a new position in shares of Natural Gas Services Group during the fourth quarter worth about $38,000. White Pine Capital LLC increased its position in shares of Natural Gas Services Group by 6.4% during the fourth quarter. White Pine Capital LLC now owns 50,666 shares of the oil and gas company’s stock worth $815,000 after purchasing an additional 3,036 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Natural Gas Services Group by 6,586.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,343 shares of the oil and gas company’s stock valued at $54,000 after purchasing an additional 3,293 shares during the last quarter. Finally, Perritt Capital Management Inc. boosted its position in shares of Natural Gas Services Group by 51.0% in the 1st 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. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Natural Gas Services Group Price Performance

Natural Gas Services Group stock opened at $20.34 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 fifty day simple moving average of $20.34 and a 200-day simple moving average of $19.32. The stock has a market cap of $252.97 million, a P/E ratio of 26.76 and a beta of 1.09. Natural Gas Services Group has a 12-month low of $10.00 and a 12-month high of $25.24.

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

Wall Street Analyst Weigh In

NGS has been the topic of several analyst reports. Stifel Nicolaus increased their price objective on Natural Gas Services Group from $18.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. StockNews.com upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Friday, May 24th.

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.