Trexquant Investment LP Trims Stock Position in Natural Gas Services Group, Inc. (NYSE:NGS)

Trexquant Investment LP lowered its position in Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) by 51.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,508 shares of the oil and gas company's stock after selling 19,598 shares during the quarter. Trexquant Investment LP owned approximately 0.15% of Natural Gas Services Group worth $496,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Brandywine Global Investment Management LLC bought a new position in shares of Natural Gas Services Group during the 4th quarter worth $252,000. JPMorgan Chase & Co. lifted its stake in Natural Gas Services Group by 34.3% in the fourth quarter. JPMorgan Chase & Co. now owns 46,404 shares of the oil and gas company's stock worth $1,244,000 after acquiring an additional 11,856 shares during the period. FCA Corp TX bought a new position in Natural Gas Services Group during the 4th quarter worth about $188,000. Crown Advisors Management Inc. purchased a new position in Natural Gas Services Group during the 4th quarter valued at about $2,680,000. Finally, First Eagle Investment Management LLC raised its holdings in shares of Natural Gas Services Group by 119.8% in the 4th quarter. First Eagle Investment Management LLC now owns 229,294 shares of the oil and gas company's stock valued at $6,145,000 after purchasing an additional 124,978 shares in the last quarter. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NGS. StockNews.com upgraded shares of Natural Gas Services Group from a "sell" rating to a "hold" rating in a research note on Wednesday, March 26th. 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 research report on Wednesday, March 19th.

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Insider Buying and Selling at Natural Gas Services Group

In related news, Director Stephen Charles Taylor sold 19,400 shares of the company's stock in a transaction 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 transaction, the director now directly owns 438,387 shares of the company's stock, valued at $12,625,545.60. This represents a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.25% of the stock is currently owned by company insiders.

Natural Gas Services Group Stock Up 0.3 %

Shares of NYSE:NGS traded up $0.05 during trading on Tuesday, reaching $18.70. The stock had a trading volume of 72,306 shares, compared to its average volume of 74,590. The firm's 50-day simple moving average is $22.81 and its 200 day simple moving average is $23.96. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65. Natural Gas Services Group, Inc. has a one year low of $16.70 and a one year high of $29.74. The company has a market capitalization of $233.87 million, a P/E ratio of 14.61 and a beta of 0.77.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last announced its earnings results on Monday, March 17th. The oil and gas company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $40.66 million during the quarter, compared to the consensus estimate 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 period last year, the firm earned $0.14 earnings per share. As a group, research analysts expect that Natural Gas Services Group, Inc. will post 1.42 EPS 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.