Short Interest in Natural Gas Services Group, Inc. (NYSE:NGS) Declines By 18.6%

Natural Gas Services Group, Inc. (NYSE:NGS) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 158,000 shares, a drop of 18.6% from the September 15th total of 194,000 shares. Currently, 1.7% of the shares of the stock are sold short. Based on an average daily volume of 56,900 shares, the days-to-cover ratio is presently 2.8 days.

Natural Gas Services Group Trading Down 0.7 %

NGS traded down $0.14 on Tuesday, reaching $20.03. 56,337 shares of the company traded hands, compared to its average volume of 68,244. The company has a quick ratio of 1.66, a current ratio of 2.34 and a debt-to-equity ratio of 0.66. The company has a market cap of $249.11 million, a P/E ratio of 26.37 and a beta of 1.03. The firm has a fifty day simple moving average of $20.06 and a two-hundred day simple moving average of $20.90. Natural Gas Services Group has a one year low of $12.75 and a one year high of $25.24.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings results on Wednesday, August 14th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $38.49 million during the quarter, compared to analyst estimates of $36.79 million. Natural Gas Services Group had a return on equity of 5.53% and a net margin of 9.25%. During the same quarter in the previous year, the business earned $0.10 earnings per share. As a group, equities research analysts expect that Natural Gas Services Group will post 1.23 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Raymond James initiated coverage on shares of Natural Gas Services Group in a report on Wednesday, August 7th. They issued a “strong-buy” rating and a $27.00 target price for the company. StockNews.com raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Friday, August 16th.

Insider Buying and Selling at Natural Gas Services Group

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 3,181 shares of the company’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $22.00, for a total transaction of $69,982.00. Following the sale, the director now directly owns 548,387 shares in the company, valued at $12,064,514. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 6.93% of the stock is owned by company insiders.

Institutional Investors Weigh In On Natural Gas Services Group

Several hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new position in shares of Natural Gas Services Group in the 2nd quarter valued at $208,000. Rhumbline Advisers grew its stake in Natural Gas Services Group by 2,513.0% in the second quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock valued at $243,000 after purchasing an additional 11,610 shares during the last quarter. Perritt Capital Management Inc. raised its holdings in Natural Gas Services Group by 51.0% in the first quarter. Perritt Capital Management Inc. now owns 15,100 shares of the oil and gas company’s stock worth $293,000 after purchasing an additional 5,100 shares in the last quarter. ClariVest Asset Management LLC purchased a new stake in shares of Natural Gas Services Group during the second quarter valued at about $693,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Natural Gas Services Group in the 2nd quarter valued at about $788,000. Hedge funds and other institutional investors own 65.62% of the company’s stock.

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.