Tower Research Capital LLC TRC Boosts Holdings in Natural Gas Services Group, Inc. (NYSE:NGS)

Tower Research Capital LLC TRC raised its stake in Natural Gas Services Group, Inc. (NYSE:NGS) by 6,586.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,343 shares of the oil and gas company’s stock after acquiring an additional 3,293 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Natural Gas Services Group were worth $54,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its stake in shares of Natural Gas Services Group by 32.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 48,573 shares of the oil and gas company’s stock worth $781,000 after acquiring an additional 11,891 shares during the period. Citigroup Inc. purchased a new stake in shares of Natural Gas Services Group during the 3rd quarter valued at approximately $129,000. Boston Partners raised its holdings in Natural Gas Services Group by 13.4% during the 3rd quarter. Boston Partners now owns 65,915 shares of the oil and gas company’s stock valued at $960,000 after acquiring an additional 7,803 shares during the period. Acadian Asset Management LLC lifted its position in shares of Natural Gas Services Group by 854.4% during the third quarter. Acadian Asset Management LLC now owns 24,567 shares of the oil and gas company’s stock worth $356,000 after acquiring an additional 21,993 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Natural Gas Services Group by 66.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 29,691 shares of the oil and gas company’s stock worth $432,000 after acquiring an additional 11,874 shares during the period. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus boosted their price objective on Natural Gas Services Group from $18.00 to $26.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd.

Natural Gas Services Group Price Performance

Shares of NGS stock traded down $0.15 during trading hours on Monday, reaching $23.64. The stock had a trading volume of 93,279 shares, compared to its average volume of 62,484. The stock’s fifty day simple moving average is $20.01 and its 200 day simple moving average is $16.57. The firm has a market capitalization of $294.08 million, a PE ratio of 62.21 and a beta of 1.16. Natural Gas Services Group, Inc. has a 12 month low of $9.55 and a 12 month high of $24.90. The company has a current ratio of 2.33, a quick ratio of 1.67 and a debt-to-equity ratio of 0.70.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings results on Monday, April 1st. The oil and gas company reported $0.13 EPS for the quarter. The firm had revenue of $36.22 million during the quarter, compared to analyst estimates of $32.90 million. Natural Gas Services Group had a net margin of 3.92% and a return on equity of 2.37%. On average, equities research analysts predict that Natural Gas Services Group, Inc. will post 1.24 EPS for the current year.

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.