Stephen Charles Taylor Sells 759 Shares of Natural Gas Services Group (NYSE:NGS) Stock

Key Points

• Director Stephen Charles Taylor sold a total of 759 shares of Natural Gas Services Group stock, generating $21,631.50, which reflects a decrease of 0.20% in his position.
• The company's stock recently traded at $28.44, with a market cap of $356.69 million and a P/E ratio of 20.03, indicating steady performance amidst recent share sales.
• Natural Gas Services Group announced a quarterly dividend of $0.10, translating to an annual yield of 1.4%, while also initiating a stock repurchase plan authorizing up to $6 million in share buybacks.

Natural Gas Services Group, Inc. (NYSE:NGS - Get Free Report) Director Stephen Charles Taylor sold 759 shares of Natural Gas Services Group stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $28.50, for a total transaction of $21,631.50. Following the completion of the sale, the director owned 383,347 shares of the company's stock, valued at $10,925,389.50. This trade represents a 0.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, September 24th, Stephen Charles Taylor sold 1,326 shares of Natural Gas Services Group stock. The stock was sold at an average price of $28.50, for a total transaction of $37,791.00.
• 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 transaction 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 transaction 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 transaction of $525,000.00.

Natural Gas Services Group Trading Up 0.8%

NYSE NGS traded up $0.23 on Thursday, hitting $28.44. 48,727 shares of the stock were exchanged, compared to its average volume of 72,804. Natural Gas Services Group, Inc. has a 52-week low of $16.73 and a 52-week high of $29.74. The firm has a market capitalization of $356.69 million, a P/E ratio of 20.03 and a beta of 0.57. The stock has a fifty day moving average price of $25.57 and a two-hundred day moving average price of $23.67. 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 announced its 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. Natural Gas Services Group had a net margin of 10.92% and a return on equity of 7.21%. The business had revenue of $41.38 million during the quarter, compared to the consensus estimate of $41.87 million. Research analysts forecast that Natural Gas Services Group, Inc. will post 1.42 EPS for the current fiscal year.

Natural Gas Services Group Dividend Announcement

The company also recently announced 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 1.4%. The ex-dividend date of this dividend was Friday, August 8th. Natural Gas Services Group's payout ratio is currently 28.17%.

Natural Gas Services Group declared that its Board of Directors has initiated a stock repurchase plan on Monday, August 11th that authorizes the company to repurchase $6.00 million in shares. This repurchase authorization authorizes the oil and gas company to buy 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 Investors Weigh In On Natural Gas Services Group

Several large investors have recently modified their holdings of the stock. Ameriprise Financial Inc. increased its position in Natural Gas Services Group by 0.5% during the second quarter. Ameriprise Financial Inc. now owns 509,714 shares of the oil and gas company's stock worth $13,156,000 after buying an additional 2,424 shares in the last quarter. Cannell Capital LLC increased its holdings in Natural Gas Services Group by 279.3% during the 2nd quarter. Cannell Capital LLC now owns 331,616 shares of the oil and gas company's stock worth $8,559,000 after purchasing an additional 244,193 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Natural Gas Services Group by 5.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 299,239 shares of the oil and gas company's stock worth $7,723,000 after purchasing an additional 15,550 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of Natural Gas Services Group by 1.4% in the 2nd quarter. Bridgeway Capital Management LLC now owns 239,163 shares of the oil and gas company's stock valued at $6,173,000 after acquiring an additional 3,330 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Natural Gas Services Group by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 230,817 shares of the oil and gas company's stock worth $5,958,000 after buying an additional 3,221 shares in the last quarter. 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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