Two Sigma Investments LP Sells 10,288 Shares of Natural Gas Services Group, Inc. (NYSE:NGS)

Two Sigma Investments LP lowered its holdings in Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) by 46.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,791 shares of the oil and gas company's stock after selling 10,288 shares during the period. Two Sigma Investments LP owned approximately 0.09% of Natural Gas Services Group worth $316,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NGS. Rhumbline Advisers increased its position in shares of Natural Gas Services Group by 195.2% in the fourth quarter. Rhumbline Advisers now owns 31,362 shares of the oil and gas company's stock worth $840,000 after purchasing an additional 20,738 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Natural Gas Services Group during the 4th quarter valued at $1,001,000. Deutsche Bank AG bought a new stake in shares of Natural Gas Services Group during the 4th quarter worth $241,000. Proficio Capital Partners LLC purchased a new position in Natural Gas Services Group in the fourth quarter worth $5,733,000. Finally, Nuveen Asset Management LLC grew its position in Natural Gas Services Group by 17.7% in the fourth quarter. Nuveen Asset Management LLC now owns 22,634 shares of the oil and gas company's stock worth $607,000 after acquiring an additional 3,398 shares in the last quarter. Hedge funds and other institutional investors own 65.62% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NGS shares. Stifel Nicolaus lifted their price target on Natural Gas Services Group from $32.00 to $33.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Wall Street Zen raised Natural Gas Services Group from a "sell" rating to a "hold" rating in a report on Wednesday, May 21st. Finally, Raymond James restated a "strong-buy" rating and issued a $32.00 target price (down previously from $33.00) on shares of Natural Gas Services Group in a research report on Wednesday, March 19th.

Insider Buying and Selling at Natural Gas Services Group

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 25,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $24.90, for a total value of $622,500.00. Following the completion of the sale, the director now directly owns 433,334 shares in the company, valued at $10,790,016.60. This trade represents a 5.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 5.08% of the stock is currently owned by corporate insiders.

Natural Gas Services Group Trading Up 0.4%

Shares of NYSE:NGS traded up $0.09 on Friday, reaching $25.68. 76,005 shares of the company traded hands, compared to its average volume of 75,411. The stock has a market capitalization of $321.77 million, a P/E ratio of 20.06 and a beta of 0.65. The business's 50-day simple moving average is $21.60 and its 200 day simple moving average is $24.09. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65. Natural Gas Services Group, Inc. has a 52 week low of $16.70 and a 52 week high of $29.74.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The oil and gas company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.11. Natural Gas Services Group had a return on equity of 6.60% and a net margin of 10.55%. The business had revenue of $41.38 million for the quarter, compared to analyst estimates of $40.52 million. As a group, equities analysts anticipate that Natural Gas Services Group, Inc. will post 1.42 EPS for the current fiscal year.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.