Marshall Wace LLP Buys 38,751 Shares of Natural Gas Services Group, Inc. (NYSE:NGS)

Marshall Wace LLP increased its stake in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 100.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 77,220 shares of the oil and gas company’s stock after acquiring an additional 38,751 shares during the quarter. Marshall Wace LLP owned about 0.62% of Natural Gas Services Group worth $1,554,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its holdings in shares of Natural Gas Services Group by 32.4% during the 1st quarter. Russell Investments Group Ltd. now owns 172,221 shares of the oil and gas company’s stock valued at $3,346,000 after purchasing an additional 42,099 shares during the last quarter. Ancora Advisors LLC boosted its stake in Natural Gas Services Group by 163.7% during the first quarter. Ancora Advisors LLC now owns 83,830 shares of the oil and gas company’s stock valued at $1,629,000 after buying an additional 52,040 shares during the last quarter. ClariVest Asset Management LLC purchased a new position in Natural Gas Services Group during the 2nd quarter valued at approximately $693,000. Bank of New York Mellon Corp bought a new stake in Natural Gas Services Group in the 2nd quarter worth approximately $788,000. Finally, Vanguard Group Inc. raised its holdings in shares of Natural Gas Services Group by 1.3% during the 1st 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 in the last quarter. Institutional investors own 65.62% of the company’s stock.

Insider Buying and Selling

In related news, Director Stephen Charles Taylor sold 3,181 shares of the 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 sale, the director now directly owns 548,387 shares of the company’s stock, valued at $12,064,514. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.93% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research 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 target price for the company. StockNews.com raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Friday, August 16th.

Natural Gas Services Group Trading Down 0.3 %

Shares of NGS stock opened at $20.21 on Friday. The company has a market cap of $251.35 million, a PE ratio of 26.59 and a beta of 1.03. Natural Gas Services Group, Inc. has a 1 year low of $12.75 and a 1 year high of $25.24. The stock’s 50 day simple moving average is $19.94 and its two-hundred day simple moving average is $20.83. 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 results on Wednesday, August 14th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. Natural Gas Services Group had a return on equity of 5.53% and a net margin of 9.25%. The company had revenue of $38.49 million during the quarter, compared to the consensus estimate of $36.79 million. During the same period last year, the company earned $0.10 earnings per share. Research analysts predict that Natural Gas Services Group, Inc. will post 1.23 earnings per share 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.