Natural Gas Services Group, Inc. (NYSE:NGS) Declares $0.11 Quarterly Dividend

Natural Gas Services Group, Inc. (NYSE:NGS) declared a quarterly dividend on Monday, February 9th. Investors of record on Wednesday, February 18th will be paid a dividend of 0.11 per share by the oil and gas company on Wednesday, March 4th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Wednesday, February 18th.

Natural Gas Services Group Price Performance

NGS stock opened at $36.72 on Tuesday. The stock has a 50-day moving average price of $33.83 and a two-hundred day moving average price of $29.51. Natural Gas Services Group has a 1 year low of $16.73 and a 1 year high of $36.86. The stock has a market cap of $461.57 million, a PE ratio of 24.81 and a beta of 0.39. The company has a current ratio of 1.83, a quick ratio of 1.06 and a debt-to-equity ratio of 0.77.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings results on Monday, November 10th. The oil and gas company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.13. The firm had revenue of $43.40 million during the quarter, compared to the consensus estimate of $43.25 million. Natural Gas Services Group had a return on equity of 7.37% and a net margin of 11.20%. Equities analysts forecast that Natural Gas Services Group will post 1.42 EPS for the current fiscal year.

Insider Transactions at Natural Gas Services Group

In other Natural Gas Services Group news, Director Jean K. Holley purchased 2,190 shares of Natural Gas Services Group stock in a transaction that occurred on Monday, December 8th. The stock was acquired at an average price of $32.04 per share, for a total transaction of $70,167.60. Following the completion of the acquisition, the director owned 14,390 shares of the company’s stock, valued at approximately $461,055.60. This trade represents a 17.95% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Stephen Charles Taylor sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $32.12, for a total value of $642,400.00. Following the completion of the sale, the director owned 295,432 shares in the company, valued at $9,489,275.84. This represents a 6.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 40,000 shares of company stock valued at $1,277,100. Insiders own 7.25% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Natural Gas Services Group by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 611,653 shares of the oil and gas company’s stock valued at $17,120,000 after acquiring an additional 7,345 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Natural Gas Services Group by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 509,714 shares of the oil and gas company’s stock valued at $13,156,000 after purchasing an additional 2,424 shares during the last quarter. Weber Capital Management LLC ADV acquired a new position in shares of Natural Gas Services Group in the fourth quarter valued at $16,777,000. Royce & Associates LP raised its position in shares of Natural Gas Services Group by 2.5% in the third quarter. Royce & Associates LP now owns 361,571 shares of the oil and gas company’s stock valued at $10,120,000 after purchasing an additional 8,784 shares during the period. Finally, Cannell Capital LLC lifted its stake in shares of Natural Gas Services Group by 8.3% during the 3rd quarter. Cannell Capital LLC now owns 359,021 shares of the oil and gas company’s stock worth $10,049,000 after buying an additional 27,405 shares during the last quarter. 65.62% of the stock is owned by institutional investors and hedge funds.

About Natural Gas Services Group

Natural Gas Services Group, Inc (NYSE: NGS) is an energy infrastructure company specializing in natural gas distribution and compression services across the United States. The company operates two primary lines of business: the Distribution segment provides natural gas delivery to residential, commercial and industrial customers, while the Compression Services segment rents, sells and services a diversified fleet of compression equipment for midstream and industrial applications.

In its Distribution segment, Natural Gas Services Group engineers, constructs and maintains local pipeline networks, meters and related apparatus to ensure safe and reliable natural gas supply to municipal utilities and private customers.