Natural Gas Services Group, Inc. (NYSE:NGS) CEO Justin Jacobs Acquires 2,500 Shares of Stock

Natural Gas Services Group, Inc. (NYSE:NGS) CEO Justin Jacobs bought 2,500 shares of Natural Gas Services Group stock in a transaction on Friday, June 14th. The stock was acquired at an average price of $19.08 per share, for a total transaction of $47,700.00. Following the transaction, the chief executive officer now directly owns 2,862 shares of the company’s stock, valued at $54,606.96. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Natural Gas Services Group Price Performance

NYSE:NGS opened at $19.07 on Wednesday. The company has a quick ratio of 2.46, a current ratio of 3.23 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $237.23 million, a P/E ratio of 25.09 and a beta of 1.11. Natural Gas Services Group, Inc. has a 52 week low of $9.55 and a 52 week high of $25.24. The stock’s fifty day moving average is $22.22 and its two-hundred day moving average is $18.33.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings data on Wednesday, May 15th. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter. The firm had revenue of $36.91 million for the quarter. Natural Gas Services Group had a return on equity of 4.35% and a net margin of 7.21%.

Institutional Investors Weigh In On Natural Gas Services Group

Institutional investors and hedge funds have recently modified their holdings of the company. Assenagon Asset Management S.A. increased its holdings in 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 purchasing an additional 11,891 shares during the period. Citigroup Inc. purchased a new stake in Natural Gas Services Group during the 3rd quarter worth about $129,000. Jump Financial LLC purchased a new stake in Natural Gas Services Group during the 4th quarter worth about $175,000. Tower Research Capital LLC TRC increased its holdings in Natural Gas Services Group by 6,586.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,343 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 3,293 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in Natural Gas Services Group by 854.4% during the 3rd quarter. Acadian Asset Management LLC now owns 24,567 shares of the oil and gas company’s stock worth $356,000 after purchasing an additional 21,993 shares during the period. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Stifel Nicolaus lifted their target price on Natural Gas Services Group from $18.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. StockNews.com upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Friday, May 24th.

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.