Natural Gas Services Group (NYSE:NGS) Director Stephen Charles Taylor Sells 6,553 Shares

Key Points

• Natural Gas Services Group Director Stephen Charles Taylor sold 6,553 shares on September 17th at an average price of $27.51, totaling approximately $180,273.
• The company has seen a 1.7% decrease in stock price recently, closing at $26.78 with a market cap of $335.86 million.
• Natural Gas Services Group reported an EPS of $0.41 for the recent quarter, exceeding analysts' expectations, and announced a stock repurchase plan for up to $6 million.

Natural Gas Services Group, Inc. (NYSE:NGS - Get Free Report) Director Stephen Charles Taylor sold 6,553 shares of the business's stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $27.51, for a total transaction of $180,273.03. Following the completion of the sale, the director owned 398,590 shares in the company, valued at $10,965,210.90. This represents a 1.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Friday, September 19th, Stephen Charles Taylor sold 63 shares of Natural Gas Services Group stock. The shares were sold at an average price of $27.50, for a total value of $1,732.50.
• On Thursday, September 18th, Stephen Charles Taylor sold 1,638 shares of Natural Gas Services Group stock. The shares were sold at an average price of $27.50, for a total value of $45,045.00.
• On Tuesday, September 16th, Stephen Charles Taylor sold 289 shares of Natural Gas Services Group stock. The shares were 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 shares were 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 shares were sold at an average price of $26.25, for a total value of $525,000.00.

Natural Gas Services Group Trading Down 0.8%

Shares of NYSE NGS traded down $0.23 during trading hours on Friday, hitting $27.12. 151,460 shares of the company traded hands, compared to its average volume of 49,635. The stock has a market capitalization of $340.02 million, a price-to-earnings ratio of 19.10 and a beta of 0.57. The company has a current ratio of 1.97, a quick ratio of 1.23 and a debt-to-equity ratio of 0.68. The company's 50 day moving average price is $25.36 and its 200 day moving average price is $23.54. Natural Gas Services Group, Inc. has a 12 month low of $16.73 and a 12 month high of $29.74.

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

Natural Gas Services Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, August 8th. Natural Gas Services Group's dividend payout ratio is 28.17%.

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

Hedge Funds Weigh In On Natural Gas Services Group

Hedge funds have recently bought and sold shares of the business. Victory Capital Management Inc. bought a new position in shares of Natural Gas Services Group during the 1st quarter worth $25,000. GAMMA Investing LLC raised its stake in Natural Gas Services Group by 4,293.1% in the first quarter. GAMMA Investing LLC now owns 1,274 shares of the oil and gas company's stock valued at $28,000 after buying an additional 1,245 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of Natural Gas Services Group by 105.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,424 shares of the oil and gas company's stock valued at $37,000 after purchasing an additional 731 shares during the period. State of Wyoming increased its holdings in shares of Natural Gas Services Group by 116.0% in the first quarter. State of Wyoming now owns 4,427 shares of the oil and gas company's stock valued at $97,000 after purchasing an additional 2,377 shares during the period. Finally, AlphaQuest LLC acquired a new position in shares of Natural Gas Services Group in the first quarter valued at about $115,000. Institutional investors own 65.62% of the company's stock.

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.