Cannell Capital LLC Purchases New Shares in Natural Gas Services Group, Inc. $NGS

Cannell Capital LLC bought a new stake in Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 122,387 shares of the oil and gas company's stock, valued at approximately $5,279,775. Natural Gas Services Group comprises approximately 0.0% of Cannell Capital LLC's holdings, making the stock its 14th largest holding. Cannell Capital LLC owned 0.95% of Natural Gas Services Group at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NGS. BlackRock Inc. purchased a new stake in Natural Gas Services Group during the 2nd quarter valued at approximately $41,482,000. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 7,345 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Natural Gas Services Group by 0.5% in the 2nd 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 second quarter valued at approximately $20,694,776. Finally, Geode Capital Management LLC increased its holdings in shares of Natural Gas Services Group by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 247,201 shares of the oil and gas company's stock valued at $8,321,000 after purchasing an additional 8,304 shares during the period. Institutional investors and hedge funds own 65.62% of the company's stock.

Natural Gas Services Group Stock Down 2.2%

NGS opened at $34.61 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.01 and a quick ratio of 1.12. The business has a 50 day simple moving average of $38.38 and a 200-day simple moving average of $39.02. The stock has a market capitalization of $446.47 million, a P/E ratio of 21.50 and a beta of 0.42. Natural Gas Services Group, Inc. has a 12 month low of $25.53 and a 12 month high of $44.60.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $51.40 million for the quarter, compared to analyst estimates of $50.24 million. Natural Gas Services Group had a return on equity of 8.10% and a net margin of 10.81%. On average, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend 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 is 37.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Raymond James Financial increased 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. Weiss Ratings cut shares of Natural Gas Services Group from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Zacks Research downgraded shares of Natural Gas Services Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 13th. Finally, Stifel Nicolaus raised 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. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $50.50.

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.

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