189,732 Shares in Natural Gas Services Group, Inc. $NGS Acquired by AWM Investment Company Inc.

AWM Investment Company Inc. purchased a new position in Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 189,732 shares of the oil and gas company's stock, valued at approximately $8,185,000. AWM Investment Company Inc. owned approximately 1.47% of Natural Gas Services Group at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NGS. BlackRock Inc. acquired a new stake in Natural Gas Services Group during the second quarter worth about $41,482,000. Weber Capital Management LLC ADV acquired a new position in Natural Gas Services Group in the second quarter valued at approximately $20,694,776,000. Cannell Capital LLC boosted its position in Natural Gas Services Group by 279.3% in the 2nd quarter. Cannell Capital LLC now owns 331,616 shares of the oil and gas company's stock worth $8,559,000 after purchasing an additional 244,193 shares in the last quarter. LPL Financial LLC purchased a new stake in Natural Gas Services Group in the 4th quarter worth approximately $3,591,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Natural Gas Services Group during the 2nd quarter worth approximately $4,219,000. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on NGS. Raymond James Financial lifted their price objective on shares of Natural Gas Services Group from $53.00 to $54.00 and gave the company an "outperform" rating in a report on Friday, July 10th. Zacks Research cut Natural Gas Services Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 13th. Stifel Nicolaus lifted their price target on Natural Gas Services Group from $44.00 to $47.00 and gave the company a "buy" rating in a research note on Wednesday, May 13th. Finally, Weiss Ratings cut Natural Gas Services Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $50.50.

Natural Gas Services Group Trading Down 1.2%

Shares of Natural Gas Services Group stock opened at $34.35 on Wednesday. The stock has a 50 day moving average of $38.81 and a 200 day moving average of $39.06. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.12 and a current ratio of 2.01. The firm has a market capitalization of $443.12 million, a price-to-earnings ratio of 21.34 and a beta of 0.42. Natural Gas Services Group, Inc. has a fifty-two week low of $25.05 and a fifty-two week high of $44.60.

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

Natural Gas Services Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, August 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. Natural Gas Services Group's dividend payout ratio (DPR) is 37.27%.

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.

Want to see what other hedge funds are holding NGS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Natural Gas Services Group, Inc. (NYSE:NGS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source