Crown Advisors Management Inc. Makes New $3.45 Million Investment in Natural Gas Services Group, Inc. $NGS

Key Points

• Crown Advisors Management initiated an approximately $3.45 million position in Natural Gas Services Group, purchasing 80,000 shares and acquiring about 0.63% of the company. Institutional investors and hedge funds collectively own 65.62% of NGS.
• NGS exceeded quarterly expectations, reporting $0.47 in EPS versus the $0.40 consensus and $51.4 million in revenue versus $50.24 million expected. The company also declared a quarterly dividend of $0.15 per share, representing a 1.6% yield.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $50.50, above the stock’s reported opening price of $37.74. Price targets from Stifel and Raymond James were recently raised, although Zacks downgraded the stock to “Hold.”

Crown Advisors Management Inc. bought a new stake in Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 80,000 shares of the oil and gas company's stock, valued at approximately $3,451,000. Natural Gas Services Group accounts for about 1.9% of Crown Advisors Management Inc.'s holdings, making the stock its 17th biggest holding. Crown Advisors Management Inc. owned about 0.63% of Natural Gas Services Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in NGS. Zions Bancorporation National Association UT bought a new stake in shares of Natural Gas Services Group during the 4th quarter worth approximately $27,000. State of Alaska Department of Revenue bought a new position in Natural Gas Services Group in the fourth quarter valued at approximately $30,000. State of Wyoming acquired a new position in Natural Gas Services Group during the second quarter valued at approximately $36,000. SG Americas Securities LLC acquired a new position in Natural Gas Services Group during the fourth quarter valued at approximately $106,000. Finally, Kemnay Advisory Services Inc. bought a new stake in Natural Gas Services Group during the fourth quarter worth $114,000. 65.62% of the stock is currently owned by institutional investors and hedge funds.

Natural Gas Services Group Stock Down 0.6%

Shares of NYSE:NGS opened at $37.74 on Monday. The company has a fifty day moving average of $39.62 and a 200-day moving average of $38.99. The company has a market capitalization of $486.85 million, a PE ratio of 23.44 and a beta of 0.42. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.12 and a current ratio of 2.01. Natural Gas Services Group, Inc. has a 52-week low of $24.13 and a 52-week high of $44.60.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The oil and gas company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.07. The company had revenue of $51.40 million during the quarter, compared to analysts' expectations 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 predict that Natural Gas Services Group, Inc. will post 1.91 EPS for the current fiscal year.

Natural Gas Services Group Dividend Announcement

The company 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Wednesday, August 19th. Natural Gas Services Group's dividend payout ratio (DPR) is presently 37.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NGS shares. Weiss Ratings lowered Natural Gas Services Group from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Stifel Nicolaus raised their price objective 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. Zacks Research downgraded Natural Gas Services Group from a "strong-buy" rating to a "hold" rating in a research note on Thursday. Finally, Raymond James Financial increased their target price on shares of Natural Gas Services Group from $53.00 to $54.00 and gave the stock an "outperform" rating in a report on Friday, July 10th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Natural Gas Services Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.50.

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.

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