Rhumbline Advisers Cuts Stake in Natural Gas Services Group, Inc. (NYSE:NGS)

Rhumbline Advisers reduced its holdings in Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) by 64.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,007 shares of the oil and gas company's stock after selling 20,355 shares during the period. Rhumbline Advisers owned approximately 0.09% of Natural Gas Services Group worth $242,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of NGS. GAMMA Investing LLC boosted its stake in Natural Gas Services Group by 4,293.1% during the first quarter. GAMMA Investing LLC now owns 1,274 shares of the oil and gas company's stock worth $28,000 after buying an additional 1,245 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Natural Gas Services Group by 31.5% during the 4th quarter. Wells Fargo & Company MN now owns 6,022 shares of the oil and gas company's stock worth $161,000 after acquiring an additional 1,443 shares during the period. FCA Corp TX acquired a new position in shares of Natural Gas Services Group during the 4th quarter valued at about $188,000. Net Worth Advisory Group acquired a new position in shares of Natural Gas Services Group during the 4th quarter valued at about $213,000. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Natural Gas Services Group in the fourth quarter valued at about $214,000. 65.62% of the stock is owned by hedge funds and other institutional investors.

Natural Gas Services Group Trading Up 1.5%

Shares of NYSE:NGS traded up $0.40 during midday trading on Friday, reaching $26.87. 158,116 shares of the company's stock were exchanged, compared to its average volume of 70,207. The stock has a market cap of $336.63 million, a price-to-earnings ratio of 19.90 and a beta of 0.65. Natural Gas Services Group, Inc. has a fifty-two week low of $16.70 and a fifty-two week high of $29.74. The firm's 50 day simple moving average is $23.35 and its two-hundred day simple moving average is $24.03. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.10 and a quick ratio of 1.33.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The oil and gas company reported $0.38 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.11. The business had revenue of $41.38 million during the quarter, compared to analysts' expectations of $40.52 million. Natural Gas Services Group had a net margin of 10.53% and a return on equity of 6.99%. As a group, sell-side analysts forecast that Natural Gas Services Group, Inc. will post 1.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity at Natural Gas Services Group

In related news, Director Stephen Charles Taylor sold 25,000 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $24.90, for a total transaction of $622,500.00. Following the transaction, the director now owns 433,334 shares of the company's stock, valued at approximately $10,790,016.60. This represents a 5.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.08% of the stock is owned by insiders.

Natural Gas Services Group Profile

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.