39,160 Shares in Natural Gas Services Group, Inc. (NYSE:NGS) Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp purchased a new stake in shares of Natural Gas Services Group, Inc. (NYSE:NGS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 39,160 shares of the oil and gas company’s stock, valued at approximately $788,000. Bank of New York Mellon Corp owned about 0.31% of Natural Gas Services Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in shares of Natural Gas Services Group by 80.1% in the second quarter. Assenagon Asset Management S.A. now owns 91,427 shares of the oil and gas company’s stock valued at $1,840,000 after buying an additional 40,672 shares in the last quarter. Ancora Advisors LLC grew its holdings in Natural Gas Services Group by 163.7% during the 1st quarter. Ancora Advisors LLC now owns 83,830 shares of the oil and gas company’s stock worth $1,629,000 after acquiring an additional 52,040 shares during the last quarter. Perritt Capital Management Inc. increased its position in Natural Gas Services Group by 51.0% in the 1st quarter. Perritt Capital Management Inc. now owns 15,100 shares of the oil and gas company’s stock valued at $293,000 after acquiring an additional 5,100 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Natural Gas Services Group by 1.3% in the first quarter. Vanguard Group Inc. now owns 491,167 shares of the oil and gas company’s stock worth $9,543,000 after acquiring an additional 6,129 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Natural Gas Services Group by 32.4% during the first quarter. Russell Investments Group Ltd. now owns 172,221 shares of the oil and gas company’s stock worth $3,346,000 after purchasing an additional 42,099 shares in the last quarter. 65.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Natural Gas Services Group

In other news, Director Stephen Charles Taylor sold 3,181 shares of Natural Gas Services Group stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $22.00, for a total value of $69,982.00. Following the completion of the transaction, the director now owns 548,387 shares of the company’s stock, valued at approximately $12,064,514. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.93% of the company’s stock.

Natural Gas Services Group Stock Performance

Shares of NYSE:NGS opened at $19.89 on Monday. The firm’s 50 day simple moving average is $20.16 and its 200 day simple moving average is $20.71. Natural Gas Services Group, Inc. has a fifty-two week low of $11.97 and a fifty-two week high of $25.24. The company has a market capitalization of $247.37 million, a price-to-earnings ratio of 26.17 and a beta of 1.04. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.34 and a quick ratio of 1.66.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings data on Wednesday, August 14th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. The business 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 period in the previous year, the firm earned $0.10 EPS. As a group, sell-side analysts forecast that Natural Gas Services Group, Inc. will post 1.23 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Raymond James began 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 price target 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.

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.