Insider Selling: Natural Gas Services Group (NYSE:NGS) Director Sells 6,553 Shares of Stock

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 company's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $27.51, for a total value of $180,273.03. Following the sale, the director owned 398,590 shares of the company's stock, valued at approximately $10,965,210.90. The trade was a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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 stock was 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 stock was 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 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 Stock Down 0.8%

Shares of NGS stock traded down $0.23 during trading hours on Friday, reaching $27.12. The company had a trading volume of 151,460 shares, compared to its average volume of 52,824. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.97 and a quick ratio of 1.23. The company has a market cap of $340.02 million, a price-to-earnings ratio of 19.10 and a beta of 0.57. The business has a fifty day simple moving average of $25.36 and a 200-day simple moving average of $23.56. 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 released its earnings results on Monday, August 11th. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.09. The business had revenue of $41.38 million during 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, research analysts expect that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current fiscal year.

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

Natural Gas Services Group Announces Dividend

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

Hedge Funds Weigh In On Natural Gas Services Group

Institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC acquired a new stake in Natural Gas Services Group in the 1st quarter valued at about $254,000. GAMMA Investing LLC boosted its holdings in shares of 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 acquiring an additional 1,245 shares in the last quarter. Rice Hall James & Associates LLC purchased a new stake in Natural Gas Services Group during the first quarter worth about $1,458,000. Nuveen LLC purchased a new stake in Natural Gas Services Group during the first quarter worth about $497,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Natural Gas Services Group by 17.9% in the first quarter. Russell Investments Group Ltd. now owns 163,473 shares of the oil and gas company's stock valued at $3,591,000 after purchasing an additional 24,853 shares in the last quarter. 65.62% of the stock is owned by hedge funds and other institutional investors.

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.