Natural Gas Services Group, Inc. (NYSE:NGS) Shares Bought by First Eagle Investment Management LLC

First Eagle Investment Management LLC increased its stake in Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) by 119.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 229,294 shares of the oil and gas company's stock after buying an additional 124,978 shares during the quarter. First Eagle Investment Management LLC owned about 1.84% of Natural Gas Services Group worth $6,145,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. GSA Capital Partners LLP boosted its holdings in Natural Gas Services Group by 3.2% in the third quarter. GSA Capital Partners LLP now owns 18,070 shares of the oil and gas company's stock valued at $345,000 after purchasing an additional 557 shares during the last quarter. Empowered Funds LLC boosted its holdings in Natural Gas Services Group by 5.2% in the third quarter. Empowered Funds LLC now owns 88,857 shares of the oil and gas company's stock valued at $1,698,000 after purchasing an additional 4,422 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Natural Gas Services Group by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,148 shares of the oil and gas company's stock valued at $595,000 after purchasing an additional 1,485 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Natural Gas Services Group in the third quarter valued at about $261,000. Finally, BNP Paribas Financial Markets boosted its holdings in Natural Gas Services Group by 54.7% in the third quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company's stock valued at $165,000 after purchasing an additional 3,056 shares during the last quarter. Institutional investors and hedge funds own 65.62% of the company's stock.

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Insider Buying and Selling

In related news, Director Stephen Charles Taylor sold 19,400 shares of the firm's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total value of $558,720.00. Following the sale, the director now directly owns 438,387 shares in the company, valued at $12,625,545.60. This trade represents a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.25% of the company's stock.

Natural Gas Services Group Stock Performance

Shares of NYSE NGS traded down $0.93 during mid-day trading on Thursday, hitting $21.50. The company had a trading volume of 106,480 shares, compared to its average volume of 74,657. The stock has a market cap of $268.58 million, a price-to-earnings ratio of 16.80 and a beta of 1.13. Natural Gas Services Group, Inc. has a 12 month low of $16.70 and a 12 month high of $29.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. The firm's 50 day simple moving average is $25.78 and its two-hundred day simple moving average is $23.91.

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

Analysts Set New Price Targets

A number of research analysts have commented on NGS shares. Raymond James reaffirmed a "strong-buy" rating and set a $32.00 target price (down previously from $33.00) on shares of Natural Gas Services Group in a report on Wednesday. StockNews.com downgraded Natural Gas Services Group from a "hold" rating to a "sell" rating in a report on Tuesday.

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.