Natural Gas Services Group, Inc. (NYSE:NGS) Short Interest Down 25.9% in March

Natural Gas Services Group, Inc. (NYSE:NGS - Get Free Report) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 117,900 shares, a decline of 25.9% from the February 28th total of 159,100 shares. Currently, 1.2% of the company's shares are sold short. Based on an average daily trading volume, of 81,100 shares, the days-to-cover ratio is presently 1.5 days.

Insiders Place Their Bets

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 19,400 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total value of $558,720.00. Following the completion of the sale, the director now owns 438,387 shares of the company's stock, valued at $12,625,545.60. This trade represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 7.25% of the stock is owned by insiders.

Institutional Investors Weigh In On Natural Gas Services Group

Several hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in Natural Gas Services Group during the 4th quarter valued at $128,000. Wells Fargo & Company MN lifted its stake in shares of Natural Gas Services Group by 31.5% during the 4th quarter. Wells Fargo & Company MN now owns 6,022 shares of the oil and gas company's stock worth $161,000 after purchasing an additional 1,443 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Natural Gas Services Group by 129.1% during the 3rd 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 during the last quarter. FCA Corp TX purchased a new position in Natural Gas Services Group in the fourth quarter valued at about $188,000. Finally, Net Worth Advisory Group purchased a new position in Natural Gas Services Group in the fourth quarter valued at about $213,000. Hedge funds and other institutional investors own 65.62% of the company's stock.

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Natural Gas Services Group Trading Down 6.7 %

Shares of NYSE:NGS traded down $1.52 during trading on Thursday, reaching $21.04. 32,685 shares of the company were exchanged, compared to its average volume of 74,996. The business's fifty day simple moving average is $24.66 and its 200-day simple moving average is $24.08. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. Natural Gas Services Group has a 12-month low of $15.77 and a 12-month high of $29.74. The firm has a market capitalization of $263.15 million, a PE ratio of 16.44 and a beta of 1.13.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last released its quarterly earnings data on Monday, March 17th. The oil and gas company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. Natural Gas Services Group had a return on equity of 6.60% and a net margin of 10.55%. The company had revenue of $40.66 million for the quarter, compared to the consensus estimate of $40.84 million. During the same period last year, the business posted $0.14 EPS. On average, research analysts anticipate that Natural Gas Services Group will post 1.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NGS shares. StockNews.com raised Natural Gas Services Group from a "sell" rating to a "hold" rating in a research note on Wednesday, March 26th. Raymond James reiterated a "strong-buy" rating and set a $32.00 target price (down from $33.00) on shares of Natural Gas Services Group in a research report on Wednesday, March 19th.

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.