Pacific Ridge Capital Partners LLC Decreases Stake in Natural Gas Services Group, Inc. (NYSE:NGS)

Pacific Ridge Capital Partners LLC decreased its holdings in Natural Gas Services Group, Inc. (NYSE:NGS) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 426,644 shares of the oil and gas company’s stock after selling 25,382 shares during the period. Natural Gas Services Group accounts for about 2.6% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its 3rd biggest holding. Pacific Ridge Capital Partners LLC owned approximately 3.42% of Natural Gas Services Group worth $11,434,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in NGS. SG Americas Securities LLC purchased a new position in Natural Gas Services Group in the 4th quarter worth approximately $128,000. MetLife Investment Management LLC raised its position in shares of Natural Gas Services Group by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock valued at $121,000 after buying an additional 3,564 shares during the last quarter. FCA Corp TX bought a new stake in shares of Natural Gas Services Group during the fourth quarter valued at approximately $188,000. Net Worth Advisory Group purchased a new position in shares of Natural Gas Services Group in the fourth quarter worth $213,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Natural Gas Services Group during the fourth quarter worth $214,000. Institutional investors own 65.62% of the company’s stock.

Insider Transactions at Natural Gas Services Group

In other news, Director Stephen Charles Taylor sold 19,400 shares of the firm’s 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 completion of the sale, the director now directly owns 438,387 shares of the company’s stock, valued at $12,625,545.60. This trade represents a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 7.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on NGS. Raymond James reiterated a “strong-buy” rating and issued a $32.00 price target (down from $33.00) on shares of Natural Gas Services Group in a report on Wednesday, March 19th. StockNews.com upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday.

Natural Gas Services Group Stock Down 2.1 %

Shares of NGS opened at $22.20 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. The stock has a market capitalization of $277.66 million, a price-to-earnings ratio of 17.34 and a beta of 1.13. Natural Gas Services Group, Inc. has a 1 year low of $16.70 and a 1 year high of $29.74. The business’s 50 day simple moving average is $25.29 and its 200-day simple moving average is $23.97.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings results on Monday, March 17th. The oil and gas company reported $0.29 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $40.84 million. During the same quarter in the previous year, the business posted $0.14 earnings per share. As a group, equities analysts expect that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current fiscal year.

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.