Walleye Capital LLC Buys Shares of 61,270 Natural Gas Services Group, Inc. $NGS

Walleye Capital LLC purchased a new position in shares of Natural Gas Services Group, Inc. (NYSE:NGS) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 61,270 shares of the oil and gas company’s stock, valued at approximately $2,312,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Zions Bancorporation National Association UT acquired a new stake in Natural Gas Services Group during the 4th quarter worth approximately $27,000. State of Alaska Department of Revenue acquired a new stake in Natural Gas Services Group in the fourth quarter valued at $30,000. SG Americas Securities LLC acquired a new stake in Natural Gas Services Group in the fourth quarter valued at $106,000. Kemnay Advisory Services Inc. bought a new position in Natural Gas Services Group during the 4th quarter worth $114,000. Finally, Royal Bank of Canada grew its position in shares of Natural Gas Services Group by 20.1% in the 4th quarter. Royal Bank of Canada now owns 4,602 shares of the oil and gas company’s stock valued at $154,000 after buying an additional 771 shares during the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.

Analyst Upgrades and Downgrades

NGS has been the subject of a number of analyst reports. Raymond James Financial raised their price objective on Natural Gas Services Group from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, July 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Natural Gas Services Group in a research report on Monday, June 29th. Stifel Nicolaus lifted their target price on shares of Natural Gas Services Group from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, Zacks Research upgraded shares of Natural Gas Services Group from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $50.50.

Natural Gas Services Group Trading Down 1.7%

NYSE NGS opened at $38.89 on Friday. The company has a current ratio of 2.70, a quick ratio of 1.77 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $41.22 and a 200 day simple moving average of $38.74. Natural Gas Services Group, Inc. has a 12 month low of $22.72 and a 12 month high of $44.60. The firm has a market capitalization of $489.97 million, a P/E ratio of 22.61 and a beta of 0.40.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings data on Monday, May 11th. The oil and gas company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08. Natural Gas Services Group had a net margin of 12.17% and a return on equity of 7.99%. The firm had revenue of $48.47 million for the quarter, compared to the consensus estimate of $47.09 million. On average, analysts predict that Natural Gas Services Group, Inc. will post 2.05 EPS for the current fiscal year.

Natural Gas Services Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, May 20th. This is a positive change from Natural Gas Services Group’s previous quarterly dividend of $0.11. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.5%. Natural Gas Services Group’s dividend payout ratio (DPR) is 34.88%.

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.