Short Interest in Natural Gas Services Group, Inc. (NYSE:NGS) Declines By 44.3%

Natural Gas Services Group, Inc. (NYSE:NGS - Get Free Report) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 159,100 shares, a decline of 44.3% from the February 13th total of 285,500 shares. Based on an average daily volume of 78,700 shares, the short-interest ratio is presently 2.0 days. Approximately 1.6% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Natural Gas Services Group from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th.

Natural Gas Services Group Stock Down 10.2 %

Natural Gas Services Group stock traded down $2.41 during trading on Tuesday, reaching $21.22. 79,214 shares of the company's stock were exchanged, compared to its average volume of 79,037. The company's 50-day moving average is $25.96 and its two-hundred day moving average is $23.92. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.76. Natural Gas Services Group has a 52-week low of $16.70 and a 52-week high of $29.74. The firm has a market cap of $265.04 million, a price-to-earnings ratio of 16.58 and a beta of 1.13.

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Natural Gas Services Group (NYSE:NGS - Get Free Report) last issued its earnings results on Monday, March 17th. The oil and gas company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.04). The company had revenue of $40.66 million during the quarter, compared to analyst estimates of $40.84 million. Natural Gas Services Group had a net margin of 10.55% and a return on equity of 6.60%. During the same quarter last year, the company posted $0.14 EPS. On average, analysts predict that Natural Gas Services Group will post 1.42 earnings per share for the current year.

Insider Transactions at Natural Gas Services Group

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 19,400 shares of Natural Gas Services Group 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 owns 438,387 shares of the company's stock, valued at approximately $12,625,545.60. The trade was a 4.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 7.25% of the company's stock.

Institutional Investors Weigh In On Natural Gas Services Group

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC bought a new position in Natural Gas Services Group in the 4th quarter worth about $128,000. Wells Fargo & Company MN grew its position in Natural Gas Services Group by 31.5% in 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 grew its position in Natural Gas Services Group by 129.1% in 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 bought a new position in Natural Gas Services Group in the 4th quarter worth about $188,000. Finally, Net Worth Advisory Group bought a new position in Natural Gas Services Group in the 4th quarter worth about $213,000. Institutional investors and hedge funds own 65.62% of the company's stock.

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.