Raymond James Financial Inc. Purchases Shares of 37,351 Natural Gas Services Group, Inc. (NYSE:NGS)

Raymond James Financial Inc. acquired a new position in shares of Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 37,351 shares of the oil and gas company's stock, valued at approximately $1,001,000. Raymond James Financial Inc. owned about 0.30% of Natural Gas Services Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Proficio Capital Partners LLC acquired a new stake in shares of Natural Gas Services Group during the fourth quarter valued at about $5,733,000. State Street Corp boosted its position in shares of Natural Gas Services Group by 19.1% during the 3rd quarter. State Street Corp now owns 162,646 shares of the oil and gas company's stock worth $3,108,000 after purchasing an additional 26,069 shares during the period. Empowered Funds LLC boosted its position in shares of Natural Gas Services Group by 5.1% during the 4th quarter. Empowered Funds LLC now owns 93,354 shares of the oil and gas company's stock worth $2,502,000 after purchasing an additional 4,497 shares during the period. JPMorgan Chase & Co. increased its holdings in Natural Gas Services Group by 76.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 34,548 shares of the oil and gas company's stock valued at $660,000 after purchasing an additional 14,974 shares during the last quarter. Finally, Inspire Investing LLC purchased a new stake in Natural Gas Services Group in the fourth quarter valued at approximately $890,000. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

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 shares were sold at an average price of $28.80, for a total value of $558,720.00. Following 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 7.25% of the company's stock.

Remove Ads

Natural Gas Services Group Stock Down 5.5 %

Shares of NGS stock traded down $1.01 during trading on Tuesday, reaching $17.23. The company's stock had a trading volume of 101,962 shares, compared to its average volume of 74,454. Natural Gas Services Group, Inc. has a 1-year low of $16.70 and a 1-year high of $29.74. The stock's 50-day moving average price is $23.75 and its 200 day moving average price is $24.02. The company has a market capitalization of $215.50 million, a price-to-earnings ratio of 13.46 and a beta of 0.77. 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 (NYSE:NGS - Get Free Report) last issued its quarterly earnings results on Monday, March 17th. The oil and gas company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. Natural Gas Services Group had a net margin of 10.55% and a return on equity of 6.60%. The company had revenue of $40.66 million during the quarter, compared to analysts' expectations of $40.84 million. During the same quarter last year, the company posted $0.14 EPS. On average, research analysts anticipate that Natural Gas Services Group, Inc. will post 1.42 EPS for the current year.

Wall Street Analyst Weigh In

NGS has been the subject of several research analyst reports. StockNews.com upgraded Natural Gas Services Group from a "sell" rating to a "hold" rating in a research report on Wednesday, March 26th. Raymond James reissued 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 research note on Wednesday, March 19th.

Natural Gas Services Group 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.