Natural Gas Services Group (NYSE:NGS) Shares Pass Above 200-Day Moving Average – Should You Sell?

Natural Gas Services Group, Inc. (NYSE:NGS)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.06 and traded as high as $27.67. Natural Gas Services Group shares last traded at $27.19, with a volume of 40,266 shares traded.

Analyst Ratings Changes

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

Natural Gas Services Group Trading Up 2.9 %

The business has a 50 day moving average of $25.82 and a 200-day moving average of $22.06. The stock has a market cap of $339.60 million, a PE ratio of 21.24 and a beta of 1.14. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65.

Insider Buying and Selling

In related news, Director Stephen Charles Taylor sold 10,042 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $25.01, for a total value of $251,150.42. Following the sale, the director now directly owns 528,345 shares of the company’s stock, valued at approximately $13,213,908.45. This trade represents a 1.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders sold 40,892 shares of company stock worth $1,076,633. 7.25% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Natural Gas Services Group

Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in Natural Gas Services Group during the 2nd quarter worth approximately $788,000. Rhumbline Advisers increased its position in shares of Natural Gas Services Group by 2,513.0% in the second quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock worth $243,000 after acquiring an additional 11,610 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Natural Gas Services Group in the second quarter worth $208,000. American Century Companies Inc. raised its stake in shares of Natural Gas Services Group by 5.8% in the 2nd quarter. American Century Companies Inc. now owns 127,330 shares of the oil and gas company’s stock valued at $2,562,000 after acquiring an additional 7,021 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Natural Gas Services Group by 2.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 921,915 shares of the oil and gas company’s stock valued at $18,548,000 after acquiring an additional 18,001 shares in the last quarter. 65.62% of the stock is currently 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.