Trexquant Investment LP Sells 19,598 Shares of Natural Gas Services Group, Inc. (NYSE:NGS)

Trexquant Investment LP cut its stake in shares of Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) by 51.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,508 shares of the oil and gas company's stock after selling 19,598 shares during the quarter. Trexquant Investment LP owned about 0.15% of Natural Gas Services Group worth $496,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in Natural Gas Services Group during the fourth quarter worth $128,000. BNP Paribas Financial Markets increased its position in shares of Natural Gas Services Group by 54.7% in the third quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company's stock worth $165,000 after acquiring an additional 3,056 shares in the last quarter. FCA Corp TX acquired a new position in shares of Natural Gas Services Group during the 4th quarter valued at $188,000. Net Worth Advisory Group acquired a new stake in Natural Gas Services Group in the 4th quarter valued at $213,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Natural Gas Services Group during the fourth quarter worth about $214,000. 65.62% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Natural Gas Services Group

In related news, Director Stephen Charles Taylor sold 19,400 shares of the firm's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total value of $558,720.00. Following the completion of the transaction, the director now directly owns 438,387 shares of the company's stock, valued at approximately $12,625,545.60. This trade represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 7.25% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NGS. StockNews.com upgraded Natural Gas Services Group from a "sell" rating to a "hold" rating in a report on Tuesday. Raymond James reissued a "strong-buy" rating and issued a $32.00 price target (down previously from $33.00) on shares of Natural Gas Services Group in a report on Wednesday, March 19th.

Natural Gas Services Group Price Performance

Shares of NGS stock traded up $0.02 during mid-day trading on Friday, hitting $19.42. 77,114 shares of the stock traded hands, compared to its average volume of 74,211. The firm has a market cap of $242.82 million, a price-to-earnings ratio of 15.17 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.76. The company's 50-day simple moving average is $22.54 and its 200-day simple moving average is $23.93. Natural Gas Services Group, Inc. has a twelve month low of $16.70 and a twelve month high of $29.74.

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

Natural Gas Services Group 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.