Sei Investments Co. Acquires 21,189 Shares of Natural Gas Services Group, Inc. $NGS

Sei Investments Co. increased its holdings in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 86.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,674 shares of the oil and gas company’s stock after acquiring an additional 21,189 shares during the quarter. Sei Investments Co.’s holdings in Natural Gas Services Group were worth $1,724,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NGS. 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. Phocas Financial Corp. acquired a new stake in shares of Natural Gas Services Group during the 4th quarter worth about $1,470,000. Illumine Investment Management LLC acquired a new stake in shares of Natural Gas Services Group during the 1st quarter worth about $1,056,000. Walleye Capital LLC bought a new stake in shares of Natural Gas Services Group during the 1st quarter worth about $2,312,000. Finally, Brasada Capital Management LP acquired a new position in Natural Gas Services Group in the 4th quarter valued at about $516,000. Institutional investors own 65.62% of the company’s stock.

Wall Street Analyst Weigh In

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

Natural Gas Services Group Stock Up 0.2%

Shares of NYSE NGS opened at $37.10 on Tuesday. 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 company has a market cap of $467.46 million, a price-to-earnings ratio of 21.57 and a beta of 0.42. Natural Gas Services Group, Inc. has a 12 month low of $23.17 and a 12 month high of $44.60. The stock has a 50-day moving average price of $39.92 and a two-hundred day moving average price of $38.93.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings results on Monday, August 10th. The oil and gas company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. The company had revenue of $51.40 million for the quarter, compared to the consensus estimate of $50.24 million. Natural Gas Services Group had a net margin of 12.17% and a return on equity of 7.99%. As a group, analysts forecast that Natural Gas Services Group, Inc. will post 2.05 earnings per share for the current fiscal year.

Natural Gas Services Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.60 annualized dividend and a yield of 1.6%. Natural Gas Services Group’s dividend payout ratio is presently 34.88%.

Natural Gas Services Group Company Profile

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.