Natural Gas Services Group (NYSE:NGS) Director Stephen Charles Taylor Sells 1,326 Shares

Key Points

• Stephen Charles Taylor, a director at Natural Gas Services Group, sold 1,326 shares at an average price of $28.50, totaling $37,791, which reduced his stake by 0.34%.
• The company recently reported $0.41 earnings per share for the quarter, exceeding analysts' expectations of $0.32, but had revenue below estimates at $41.38 million.
• Natural Gas Services Group announced a $0.10 quarterly dividend, with an annualized yield of 1.4%, and plans for a $6.00 million share repurchase program, indicating confidence in the stock's value.

Natural Gas Services Group, Inc. (NYSE:NGS - Get Free Report) Director Stephen Charles Taylor sold 1,326 shares of the company's stock in a transaction dated Wednesday, September 24th. The shares were sold at an average price of $28.50, for a total transaction of $37,791.00. Following the transaction, the director owned 384,106 shares in the company, valued at approximately $10,947,021. This trade represents a 0.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Stephen Charles Taylor also recently made the following trade(s):

• On Tuesday, September 23rd, Stephen Charles Taylor sold 11,457 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.95, for a total transaction of $320,223.15.
• On Friday, September 19th, Stephen Charles Taylor sold 63 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.50, for a total transaction of $1,732.50.
• On Thursday, September 18th, Stephen Charles Taylor sold 1,638 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.50, for a total transaction of $45,045.00.
• On Wednesday, September 17th, Stephen Charles Taylor sold 6,553 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.51, for a total value of $180,273.03.
• On Tuesday, September 16th, Stephen Charles Taylor sold 289 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.50, for a total value of $7,947.50.
• On Thursday, September 4th, Stephen Charles Taylor sold 10,000 shares of Natural Gas Services Group stock. The stock was sold at an average price of $27.00, for a total value of $270,000.00.
• On Friday, August 22nd, Stephen Charles Taylor sold 20,000 shares of Natural Gas Services Group stock. The stock was sold at an average price of $26.25, for a total value of $525,000.00.

Natural Gas Services Group Price Performance

Shares of NYSE:NGS traded down $0.03 during midday trading on Wednesday, reaching $28.23. 70,982 shares of the company's stock traded hands, compared to its average volume of 72,936. Natural Gas Services Group, Inc. has a 1 year low of $16.73 and a 1 year high of $29.74. The company has a market cap of $354.00 million, a P/E ratio of 19.88 and a beta of 0.57. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.23 and a current ratio of 1.97. The company has a fifty day simple moving average of $25.49 and a two-hundred day simple moving average of $23.64.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last announced its earnings results on Monday, August 11th. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.09. Natural Gas Services Group had a return on equity of 7.21% and a net margin of 10.92%.The firm had revenue of $41.38 million for the quarter, compared to analyst estimates of $41.87 million. Equities analysts predict that Natural Gas Services Group, Inc. will post 1.42 EPS for the current fiscal year.

Natural Gas Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were issued a $0.10 dividend. The ex-dividend date was Friday, August 8th. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. Natural Gas Services Group's dividend payout ratio (DPR) is presently 28.17%.

Natural Gas Services Group declared that its Board of Directors has authorized a share repurchase plan on Monday, August 11th that permits the company to repurchase $6.00 million in outstanding shares. This repurchase authorization permits the oil and gas company to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. purchased a new position in Natural Gas Services Group in the 1st quarter valued at $25,000. GAMMA Investing LLC increased its position 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 purchasing an additional 1,245 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in Natural Gas Services Group by 105.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 1,424 shares of the oil and gas company's stock worth $37,000 after purchasing an additional 731 shares during the period. State of Wyoming raised its stake in Natural Gas Services Group by 116.0% during the first quarter. State of Wyoming now owns 4,427 shares of the oil and gas company's stock worth $97,000 after purchasing an additional 2,377 shares during the period. Finally, AlphaQuest LLC purchased a new position in Natural Gas Services Group during the first quarter worth about $115,000. Hedge funds and other institutional investors own 65.62% of the company's stock.

Natural Gas Services Group Company 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.

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