Credit Suisse AG lowered its stake in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 25.6% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 23,659 shares of the oil and gas company’s stock after selling 8,145 shares during the period. Credit Suisse AG owned about 0.18% of Natural Gas Services Group worth $616,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its position in shares of Natural Gas Services Group by 18.2% in the first quarter. Wells Fargo & Company MN now owns 28,665 shares of the oil and gas company’s stock valued at $747,000 after buying an additional 4,420 shares during the last quarter. Russell Investments Group Ltd. bought a new position in shares of Natural Gas Services Group during the first quarter valued at about $623,000. Vanguard Group Inc. boosted its position in shares of Natural Gas Services Group by 1.8% in the first quarter. Vanguard Group Inc. now owns 555,301 shares of the oil and gas company’s stock valued at $14,466,000 after buying an additional 9,793 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Natural Gas Services Group by 18.9% in the first quarter. Renaissance Technologies LLC now owns 314,400 shares of the oil and gas company’s stock valued at $8,190,000 after buying an additional 49,900 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC boosted its position in shares of Natural Gas Services Group by 20.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 104,568 shares of the oil and gas company’s stock valued at $2,724,000 after buying an additional 17,616 shares during the last quarter. 89.28% of the stock is currently owned by institutional investors.

Shares of Natural Gas Services Group, Inc. (NYSE NGS) traded down 0.22% during mid-day trading on Tuesday, reaching $23.05. The company had a trading volume of 2,588 shares. The company has a market capitalization of $298.20 million, a price-to-earnings ratio of 89.34 and a beta of 1.23. Natural Gas Services Group, Inc. has a one year low of $20.65 and a one year high of $34.50. The company has a 50 day moving average price of $24.47 and a 200 day moving average price of $26.00.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by $0.04. The company had revenue of $16.20 million for the quarter, compared to analysts’ expectations of $16.03 million. Natural Gas Services Group had a net margin of 4.85% and a return on equity of 1.41%. Natural Gas Services Group’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same period last year, the firm earned $0.10 earnings per share. On average, analysts anticipate that Natural Gas Services Group, Inc. will post $0.18 EPS for the current year.

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NGS has been the topic of several analyst reports. Zacks Investment Research cut Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Imperial Capital initiated coverage on Natural Gas Services Group in a research report on Wednesday, August 23rd. They set an “outperform” rating and a $27.00 target price on the stock. ValuEngine raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 31st. Finally, Seaport Global Securities reaffirmed a “buy” rating on shares of Natural Gas Services Group in a research report on Friday, August 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.25.

In other news, CEO Stephen Charles Taylor sold 12,000 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $24.99, for a total transaction of $299,880.00. Following the sale, the chief executive officer now directly owns 284,245 shares of the company’s stock, valued at $7,103,282.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William F. Hughes, Jr. sold 1,500 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $26.86, for a total transaction of $40,290.00. Following the sale, the director now directly owns 37,563 shares in the company, valued at $1,008,942.18. The disclosure for this sale can be found here. Insiders have sold 16,040 shares of company stock worth $400,114 over the last three months. Corporate insiders own 6.53% of the company’s stock.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales.

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Institutional Ownership by Quarter for Natural Gas Services Group (NYSE:NGS)

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