Natural Gas Services Group (NYSE:NGS) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Natural Gas Services Group, Inc. (NYSE:NGS)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.54 and traded as high as $28.01. Natural Gas Services Group shares last traded at $26.50, with a volume of 68,709 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th.

Natural Gas Services Group Stock Down 3.5 %

The company has a market cap of $330.97 million, a P/E ratio of 20.70 and a beta of 1.12. 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 business’s fifty day moving average is $26.78 and its two-hundred day moving average is $23.54.

Insider Activity

In other news, Director Stephen Charles Taylor sold 19,400 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total transaction of $558,720.00. Following the transaction, the director now owns 438,387 shares of the company’s stock, valued at approximately $12,625,545.60. This represents a 4.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders sold 30,000 shares of company stock valued at $847,320. Corporate insiders own 7.25% of the company’s stock.

Institutional Trading of Natural Gas Services Group

A number of hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in shares of Natural Gas Services Group by 76.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 34,548 shares of the oil and gas company’s stock valued at $660,000 after purchasing an additional 14,974 shares in the last quarter. Barclays PLC increased its holdings in Natural Gas Services Group by 47.5% during the third quarter. Barclays PLC now owns 17,301 shares of the oil and gas company’s stock valued at $331,000 after buying an additional 5,575 shares during the period. State Street Corp raised its stake in Natural Gas Services Group by 19.1% in the third quarter. State Street Corp now owns 162,646 shares of the oil and gas company’s stock worth $3,108,000 after buying an additional 26,069 shares in the last quarter. Inspire Investing LLC purchased a new stake in Natural Gas Services Group during the fourth quarter worth $890,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Natural Gas Services Group by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 31,148 shares of the oil and gas company’s stock worth $595,000 after buying an additional 1,485 shares during the period. 65.62% of the stock is owned by hedge funds and other institutional investors.

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.