Natural Gas Services Group, Inc. (NYSE:NGS) Short Interest Update

Natural Gas Services Group, Inc. (NYSE:NGS) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 96,800 shares, a growth of 38.7% from the May 30th total of 69,800 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 42,400 shares, the days-to-cover ratio is currently 2.3 days.

Natural Gas Services Group stock traded down $0.18 on Friday, hitting $16.08. 22,235 shares of the stock traded hands, compared to its average volume of 45,851. The stock has a market capitalization of $212.74 million, a price-to-earnings ratio of 201.00 and a beta of 1.24. The firm has a fifty day moving average of $15.75. Natural Gas Services Group has a 1 year low of $14.87 and a 1 year high of $23.35.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings data on Thursday, May 9th. The oil and gas company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $17.99 million during the quarter, compared to analyst estimates of $17.46 million. Natural Gas Services Group had a return on equity of 0.46% and a net margin of 0.81%. On average, sell-side analysts predict that Natural Gas Services Group will post 0.21 earnings per share for the current fiscal year.

In related news, Director David L. Bradshaw sold 3,356 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $15.10, for a total value of $50,675.60. Following the completion of the sale, the director now owns 23,600 shares of the company’s stock, valued at $356,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP James R. Hazlett sold 3,100 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $17.78, for a total value of $55,118.00. Following the completion of the sale, the vice president now directly owns 48,995 shares of the company’s stock, valued at approximately $871,131.10. The disclosure for this sale can be found here. Company insiders own 6.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in NGS. Rhumbline Advisers lifted its position in Natural Gas Services Group by 35.4% during the fourth quarter. Rhumbline Advisers now owns 17,822 shares of the oil and gas company’s stock valued at $293,000 after buying an additional 4,659 shares during the period. California Public Employees Retirement System raised its position in shares of Natural Gas Services Group by 7.1% in the 4th quarter. California Public Employees Retirement System now owns 39,241 shares of the oil and gas company’s stock worth $645,000 after purchasing an additional 2,599 shares during the last quarter. BlackRock Inc. raised its position in shares of Natural Gas Services Group by 1.6% in the 4th quarter. BlackRock Inc. now owns 934,501 shares of the oil and gas company’s stock worth $15,363,000 after purchasing an additional 14,906 shares during the last quarter. Northern Trust Corp raised its position in shares of Natural Gas Services Group by 1.5% in the 4th quarter. Northern Trust Corp now owns 555,576 shares of the oil and gas company’s stock worth $9,133,000 after purchasing an additional 7,943 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Natural Gas Services Group by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 120,169 shares of the oil and gas company’s stock worth $1,975,000 after purchasing an additional 7,434 shares during the last quarter. 89.80% of the stock is owned by institutional investors and hedge funds.

NGS has been the subject of a number of research analyst reports. Zacks Investment Research lowered G1 Therapeutics from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides small to medium horsepower compression equipment to the natural gas industry in the United States. The company engages in the rental of small to medium horsepower compression equipment to non-conventional natural gas and oil production businesses. As of December 31, 2018, it had 2,572 natural gas compressors in its rental fleet totaling 398,765 horsepower.

Further Reading: Outstanding Shares

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