Natural Gas Services Group (NYSE:NGS) Stock Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• Natural Gas Services Group (NYSE:NGS) stock price recently exceeded its 200-day moving average, trading at a high of $27.36 and last at $27.18, indicating potential upward momentum.
• The company has an average analyst rating of Buy with a target price of $32.50, alongside a recent restatement of a "hold" rating from Weiss Ratings.
• Natural Gas Services Group initiated a $6 million stock repurchase program, which suggests that the company believes its shares are undervalued and demonstrates confidence in its financial position.

Shares of Natural Gas Services Group, Inc. (NYSE:NGS - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.01 and traded as high as $27.36. Natural Gas Services Group shares last traded at $27.18, with a volume of 38,522 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Natural Gas Services Group in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $32.50.

Natural Gas Services Group Stock Performance

The firm has a market capitalization of $340.84 million, a P/E ratio of 19.14 and a beta of 0.59. The stock has a 50-day moving average of $26.14 and a 200 day moving average of $24.01. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.23 and a current ratio of 1.97.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The oil and gas company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.32 by $0.09. The business had revenue of $41.38 million for the quarter, compared to analyst estimates 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 anticipate that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current 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 dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $0.40 annualized dividend and a yield of 1.5%. Natural Gas Services Group's dividend payout ratio is currently 28.17%.

Natural Gas Services Group declared that its board has initiated a stock repurchase program on Monday, August 11th that permits the company to buyback $6.00 million in outstanding shares. This buyback authorization permits the oil and gas company to buy up to 1.9% of its shares through open market purchases. Shares buyback programs are often an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling at Natural Gas Services Group

In other news, Director Jean K. Holley acquired 4,048 shares of Natural Gas Services Group stock in a transaction on Thursday, August 14th. The shares were purchased at an average price of $24.49 per share, with a total value of $99,135.52. Following the acquisition, the director owned 4,048 shares in the company, valued at $99,135.52. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen Charles Taylor sold 20,000 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $26.25, for a total value of $525,000.00. Following the transaction, the director directly owned 413,334 shares in the company, valued at approximately $10,850,017.50. This represents a 4.62% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,000 shares of company stock worth $1,635,221. Company insiders own 7.25% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC lifted its holdings in Natural Gas Services Group by 105.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,424 shares of the oil and gas company's stock worth $37,000 after buying an additional 731 shares in the last quarter. White Pine Capital LLC lifted its stake in shares of Natural Gas Services Group by 1.5% in the 2nd quarter. White Pine Capital LLC now owns 52,623 shares of the oil and gas company's stock valued at $1,358,000 after purchasing an additional 798 shares during the period. Inspire Advisors LLC lifted its stake in shares of Natural Gas Services Group by 5.8% in the 2nd quarter. Inspire Advisors LLC now owns 15,930 shares of the oil and gas company's stock valued at $411,000 after purchasing an additional 871 shares during the period. Victory Capital Management Inc. acquired a new position in shares of Natural Gas Services Group in the 1st quarter valued at $25,000. Finally, GAMMA Investing LLC lifted its stake in shares of Natural Gas Services Group by 4,293.1% in the 1st quarter. GAMMA Investing LLC now owns 1,274 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 1,245 shares during the period. Institutional investors and hedge funds 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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