GSA Capital Partners LLP Purchases Shares of 36,970 Natural Gas Services Group, Inc. $NGS

GSA Capital Partners LLP acquired a new position in shares of Natural Gas Services Group, Inc. (NYSE:NGS) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 36,970 shares of the oil and gas company’s stock, valued at approximately $1,595,000.

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

Wall Street Analysts Forecast Growth

NGS has been the topic of several recent analyst reports. Weiss Ratings lowered shares of Natural Gas Services Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Zacks Research lowered shares of Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a report on Thursday. Stifel Nicolaus upped their price objective on Natural Gas Services Group from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Raymond James Financial increased their target price 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. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.50.

Natural Gas Services Group Stock Performance

NYSE:NGS opened at $37.74 on Monday. The company has a current ratio of 2.01, a quick ratio of 1.12 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $486.85 million, a price-to-earnings ratio of 23.44 and a beta of 0.42. The firm’s fifty day simple moving average is $39.62 and its 200 day simple moving average is $38.99. Natural Gas Services Group, Inc. has a twelve month low of $24.13 and a twelve month high of $44.60.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings results on Monday, August 10th. The oil and gas company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. Natural Gas Services Group had a net margin of 10.81% and a return on equity of 8.10%. The firm had revenue of $51.40 million during the quarter, compared to analysts’ expectations of $50.24 million. As a group, equities research analysts expect that Natural Gas Services Group, Inc. will post 1.91 earnings per share for the current fiscal year.

Natural Gas Services Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.6%. Natural Gas Services Group’s dividend payout ratio (DPR) is 37.27%.

Natural Gas Services Group 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.