Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 80,456 shares of the oil and gas company's stock, valued at approximately $3,471,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.62% of Natural Gas Services Group as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in Natural Gas Services Group in the 2nd quarter worth approximately $402,000. BlackRock Inc. acquired a new position in Natural Gas Services Group during the second quarter valued at approximately $41,482,000. Deutsche Bank AG acquired a new position in Natural Gas Services Group during the second quarter valued at approximately $507,000. Rice Hall James & Associates LLC bought a new position in shares of Natural Gas Services Group in the second quarter valued at approximately $1,870,000. Finally, Crown Advisors Management Inc. acquired a new stake in shares of Natural Gas Services Group in the second quarter worth $3,451,000. 65.62% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on NGS shares. Weiss Ratings downgraded 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 downgraded shares of Natural Gas Services Group from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 13th. Stifel Nicolaus boosted 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 report on Wednesday, May 13th. Finally, Raymond James Financial raised their price target on Natural Gas Services Group from $53.00 to $54.00 and gave the company an "outperform" rating in a research report on Friday, July 10th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Natural Gas Services Group presently has a consensus rating of "Moderate Buy" and an average price target of $50.50.
View Our Latest Stock Report on Natural Gas Services Group
Natural Gas Services Group Stock Down 2.2%
NGS stock opened at $34.61 on Friday. Natural Gas Services Group, Inc. has a twelve month low of $25.53 and a twelve month high of $44.60. The company has a quick ratio of 1.12, a current ratio of 2.01 and a debt-to-equity ratio of 1.11. The company has a market cap of $446.47 million, a PE ratio of 21.50 and a beta of 0.42. The business's 50-day simple moving average is $38.38 and its 200 day simple moving average is $39.02.
Natural Gas Services Group (NYSE:NGS - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The oil and gas company reported $0.47 EPS for the quarter, beating 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 firm had revenue of $51.40 million during the quarter, compared to analysts' expectations of $50.24 million. On average, research analysts anticipate that Natural Gas Services Group, Inc. will post 1.91 earnings per share for the current year.
Natural Gas Services Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Natural Gas Services Group's dividend payout ratio (DPR) is 37.27%.
Natural Gas Services Group Profile
(
Free Report)
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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