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

Key Points

• GSA Capital Partners acquired 36,970 shares of Natural Gas Services Group, valued at approximately $1.6 million, giving it a 0.29% stake. Institutional investors collectively own 65.62% of the company.
• Analysts maintain a generally positive outlook, with three Buy ratings and one Hold rating, an overall “Moderate Buy” consensus, and an average price target of $50.50 versus the stock’s recent $37.74 price.
• Natural Gas Services Group exceeded quarterly expectations, reporting $0.47 in EPS and $51.4 million in revenue. The company also declared a quarterly dividend of $0.15 per share, implying a 1.6% annualized yield.

GSA Capital Partners LLP acquired a new position in shares of Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 36,970 shares of the oil and gas company's stock, valued at approximately $1,595,000. GSA Capital Partners LLP owned about 0.29% of Natural Gas Services Group as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC boosted its holdings in shares of Natural Gas Services Group by 831.2% in the first quarter. NewEdge Advisors LLC now owns 12,776 shares of the oil and gas company's stock valued at $281,000 after acquiring an additional 11,404 shares during the period. Empowered Funds LLC grew its position in Natural Gas Services Group by 5.5% in the 1st quarter. Empowered Funds LLC now owns 98,479 shares of the oil and gas company's stock valued at $2,164,000 after buying an additional 5,125 shares during the last quarter. Geode Capital Management LLC grew its position in Natural Gas Services Group by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 230,817 shares of the oil and gas company's stock valued at $5,958,000 after buying an additional 3,221 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Natural Gas Services Group by 44.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 33,994 shares of the oil and gas company's stock valued at $877,000 after buying an additional 10,525 shares during the period. Finally, Rhumbline Advisers increased its stake in Natural Gas Services Group by 52.4% in the 2nd quarter. Rhumbline Advisers now owns 16,770 shares of the oil and gas company's stock valued at $433,000 after buying an additional 5,763 shares during the period. 65.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NGS shares. 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. Weiss Ratings cut shares of Natural Gas Services Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Raymond James Financial lifted their price objective on Natural Gas Services Group from $53.00 to $54.00 and gave the company an "outperform" rating in a report on Friday, July 10th. Finally, Zacks Research cut Natural Gas Services Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. 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 Down 0.6%

Shares of NYSE NGS opened at $37.74 on Monday. The stock has a market capitalization of $486.85 million, a price-to-earnings ratio of 23.44 and a beta of 0.42. Natural Gas Services Group, Inc. has a 52 week low of $24.13 and a 52 week high of $44.60. The firm has a 50-day moving average price of $39.62 and a 200 day moving average price of $38.99. The company has a quick ratio of 1.12, a current ratio of 2.01 and a debt-to-equity ratio of 1.11.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last issued its earnings results on Monday, August 10th. The oil and gas company reported $0.47 earnings per share (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 net margin of 10.81% and a return on equity of 8.10%. Equities research analysts anticipate that Natural Gas Services Group, Inc. will post 1.91 EPS for the current fiscal year.

Natural Gas Services Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, August 19th. Natural Gas Services Group's payout ratio is presently 37.27%.

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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