Russell Investments Group Ltd. boosted its position in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 40.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 237,222 shares of the oil and gas company’s stock after acquiring an additional 67,737 shares during the period. Russell Investments Group Ltd.’s holdings in Natural Gas Services Group were worth $3,911,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its stake in shares of Natural Gas Services Group by 43.4% in the fourth quarter. Bank of America Corp DE now owns 10,765 shares of the oil and gas company’s stock worth $177,000 after buying an additional 3,259 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Natural Gas Services Group by 451.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,612 shares of the oil and gas company’s stock valued at $45,000 after purchasing an additional 2,138 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Natural Gas Services Group by 18.7% in the first quarter. Victory Capital Management Inc. now owns 72,957 shares of the oil and gas company’s stock valued at $1,263,000 after purchasing an additional 11,514 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Natural Gas Services Group by 3.9% in the first quarter. Royce & Associates LP now owns 266,628 shares of the oil and gas company’s stock valued at $4,615,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its holdings in shares of Natural Gas Services Group by 32.1% in the first quarter. Pacific Ridge Capital Partners LLC now owns 227,241 shares of the oil and gas company’s stock valued at $3,934,000 after purchasing an additional 55,232 shares in the last quarter. Institutional investors own 90.57% of the company’s stock.

Shares of NGS stock traded up $0.47 during trading on Monday, reaching $13.73. The company’s stock had a trading volume of 805 shares, compared to its average volume of 97,493. The company has a market capitalization of $175.43 million, a price-to-earnings ratio of 169.25 and a beta of 1.37. The stock’s 50-day moving average price is $12.69 and its 200 day moving average price is $15.70. Natural Gas Services Group, Inc. has a 1-year low of $10.22 and a 1-year high of $21.92.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $19.90 million during the quarter, compared to analyst estimates of $17.95 million. Natural Gas Services Group had a net margin of 1.25% and a return on equity of 0.58%. Sell-side analysts anticipate that Natural Gas Services Group, Inc. will post 0.16 EPS for the current fiscal year.

A number of brokerages recently weighed in on NGS. Zacks Investment Research cut shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Imperial Capital dropped their price objective on shares of Natural Gas Services Group from $21.00 to $18.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. ValuEngine upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Maxim Group restated a “buy” rating and issued a $18.00 price objective (down previously from $24.00) on shares of Natural Gas Services Group in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $19.67.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides small to medium horsepower compression equipment to the natural gas industry in the United States. The company engages in the rental of small to medium horsepower compression equipment to non-conventional natural gas and oil production businesses. As of December 31, 2018, it had 2,572 natural gas compressors in its rental fleet totaling 398,765 horsepower.

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Institutional Ownership by Quarter for Natural Gas Services Group (NYSE:NGS)

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