Natural Gas Services Group, Inc. (NYSE:NGS) Sees Large Drop in Short Interest

Natural Gas Services Group, Inc. (NYSE:NGS) 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. Approximately 1.6% of the company’s stock are short sold. Based on an average trading volume of 78,700 shares, the short-interest ratio is currently 2.0 days.

Natural Gas Services Group Stock Up 1.7 %

Natural Gas Services Group stock traded up $0.38 during trading hours on Friday, hitting $22.57. The stock had a trading volume of 33,379 shares, compared to its average volume of 74,076. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $281.90 million, a P/E ratio of 17.63 and a beta of 1.13. Natural Gas Services Group has a 12-month low of $16.70 and a 12-month high of $29.74. The stock’s 50-day moving average price is $26.02 and its 200-day moving average price is $23.89.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th.

Insider Buying and Selling

In related news, Director Stephen Charles Taylor sold 19,400 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total transaction 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. The trade was a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 7.25% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NGS. Proficio Capital Partners LLC purchased a new position in Natural Gas Services Group in the fourth quarter worth about $5,733,000. First Eagle Investment Management LLC raised its holdings in Natural Gas Services Group by 119.8% in the fourth quarter. First Eagle Investment Management LLC now owns 229,294 shares of the oil and gas company’s stock worth $6,145,000 after buying an additional 124,978 shares during the last quarter. Crown Advisors Management Inc. purchased a new position in shares of Natural Gas Services Group during the fourth quarter valued at approximately $2,680,000. EAM Investors LLC purchased a new position in shares of Natural Gas Services Group during the fourth quarter valued at approximately $1,089,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Natural Gas Services Group during the fourth quarter valued at approximately $1,001,000. 65.62% of the stock is owned by hedge funds and other institutional investors.

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.