Short Interest in Natural Gas Services Group, Inc. (NYSE:NGS) Drops By 18.6%

Natural Gas Services Group, Inc. (NYSE:NGS - Get Free Report) was the target of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 158,000 shares, a decrease of 18.6% from the September 15th total of 194,000 shares. Based on an average daily trading volume, of 56,900 shares, the short-interest ratio is currently 2.8 days. Currently, 1.7% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NGS. StockNews.com raised Natural Gas Services Group from a "sell" rating to a "hold" rating in a report on Friday, August 16th. Raymond James began coverage on shares of Natural Gas Services Group in a research note on Wednesday, August 7th. They issued a "strong-buy" rating and a $27.00 target price on the stock.

Insider Activity

In other news, Director Stephen Charles Taylor sold 3,181 shares of the business's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $22.00, for a total transaction of $69,982.00. Following the sale, the director now directly owns 548,387 shares in the company, valued at approximately $12,064,514. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 6.93% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of NGS. Acadian Asset Management LLC acquired a new stake in shares of Natural Gas Services Group in the 2nd quarter valued at about $208,000. Rhumbline Advisers lifted its stake in Natural Gas Services Group by 2,513.0% in the 2nd quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company's stock valued at $243,000 after acquiring an additional 11,610 shares in the last quarter. Perritt Capital Management Inc. grew its stake in shares of Natural Gas Services Group by 51.0% during the 1st quarter. Perritt Capital Management Inc. now owns 15,100 shares of the oil and gas company's stock worth $293,000 after acquiring an additional 5,100 shares in the last quarter. ClariVest Asset Management LLC acquired a new stake in shares of Natural Gas Services Group in the second quarter valued at approximately $693,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Natural Gas Services Group in the second quarter worth $788,000. Institutional investors own 65.62% of the company's stock.

Natural Gas Services Group Price Performance

Natural Gas Services Group stock traded up $0.38 on Friday, reaching $20.59. The company's stock had a trading volume of 19,442 shares, compared to its average volume of 68,553. The business's fifty day moving average price is $20.01 and its 200 day moving average price is $20.89. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.66 and a current ratio of 2.34. The company has a market cap of $256.08 million, a price-to-earnings ratio of 27.09 and a beta of 1.03. Natural Gas Services Group has a twelve month low of $12.75 and a twelve month high of $25.24.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 14th. The oil and gas company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. Natural Gas Services Group had a net margin of 9.25% and a return on equity of 5.53%. The firm had revenue of $38.49 million during the quarter, compared to analysts' expectations of $36.79 million. During the same quarter last year, the company posted $0.10 EPS. Equities analysts expect that Natural Gas Services Group will post 1.23 earnings per share for the current fiscal year.

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.