Renaissance Technologies LLC Sells 13,493 Shares of Natural Gas Services Group, Inc. (NYSE:NGS)

Renaissance Technologies LLC lessened its holdings in Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 372,042 shares of the oil and gas company's stock after selling 13,493 shares during the quarter. Renaissance Technologies LLC owned 2.98% of Natural Gas Services Group worth $9,971,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its stake in Natural Gas Services Group by 13.7% in the fourth quarter. Russell Investments Group Ltd. now owns 138,620 shares of the oil and gas company's stock valued at $3,715,000 after buying an additional 16,654 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Natural Gas Services Group by 31.5% in the fourth 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 last quarter. ExodusPoint Capital Management LP bought a new position in shares of Natural Gas Services Group in the fourth quarter worth about $240,000. Brandywine Global Investment Management LLC acquired a new stake in shares of Natural Gas Services Group in the 4th quarter valued at approximately $252,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Natural Gas Services Group by 34.3% during the 4th quarter. JPMorgan Chase & Co. now owns 46,404 shares of the oil and gas company's stock valued at $1,244,000 after purchasing an additional 11,856 shares during the last quarter. Institutional investors own 65.62% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NGS. StockNews.com upgraded shares of Natural Gas Services Group from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. Raymond James reissued a "strong-buy" rating and set a $32.00 price objective (down previously from $33.00) on shares of Natural Gas Services Group in a report on Wednesday, March 19th.

Natural Gas Services Group Trading Up 2.4 %

Shares of NYSE:NGS traded up $0.44 during midday trading on Tuesday, hitting $18.52. 59,292 shares of the stock were exchanged, compared to its average volume of 73,908. The business's 50-day moving average price is $22.04 and its 200 day moving average price is $23.94. The stock has a market capitalization of $231.58 million, a price-to-earnings ratio of 14.47 and a beta of 0.77. Natural Gas Services Group, Inc. has a 12 month low of $16.70 and a 12 month high of $29.74. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.76.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last posted its earnings results on Monday, March 17th. The oil and gas company reported $0.29 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.02. The firm had revenue of $40.66 million for the quarter, compared to analyst estimates of $40.84 million. Natural Gas Services Group had a net margin of 10.55% and a return on equity of 6.60%. During the same period in the previous year, the firm posted $0.14 EPS. Analysts predict that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current year.

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.