Short Interest in Natural Gas Services Group, Inc. (NYSE:NGS) Declines By 44.3%

Natural Gas Services Group, Inc. (NYSE:NGS) was the recipient of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 159,100 shares, a decrease of 44.3% from the February 13th total of 285,500 shares. Currently, 1.6% of the company’s stock are short sold. Based on an average daily volume of 78,700 shares, the short-interest ratio is currently 2.0 days.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 19,400 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total value of $558,720.00. Following the transaction, the director now owns 438,387 shares in the company, valued at $12,625,545.60. The trade was a 4.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 7.25% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Natural Gas Services Group

Large investors have recently bought and sold shares of the business. GSA Capital Partners LLP raised its position in shares of Natural Gas Services Group by 3.2% during the 3rd quarter. GSA Capital Partners LLP now owns 18,070 shares of the oil and gas company’s stock worth $345,000 after purchasing an additional 557 shares during the period. Empowered Funds LLC grew its stake in Natural Gas Services Group by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 88,857 shares of the oil and gas company’s stock worth $1,698,000 after buying an additional 4,422 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Natural Gas Services Group by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,148 shares of the oil and gas company’s stock worth $595,000 after buying an additional 1,485 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Natural Gas Services Group in the third quarter valued at $261,000. Finally, BNP Paribas Financial Markets lifted its stake in Natural Gas Services Group by 54.7% in the third quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock valued at $165,000 after buying an additional 3,056 shares during the last quarter. Institutional investors own 65.62% of the company’s stock.

Natural Gas Services Group Stock Performance

Shares of NYSE NGS traded up $0.38 during trading on Friday, reaching $22.57. The stock had a trading volume of 33,376 shares, compared to its average volume of 73,996. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.76. The stock has a market cap of $281.90 million, a PE ratio of 17.63 and a beta of 1.13. Natural Gas Services Group has a one year low of $16.70 and a one year high of $29.74. The firm’s 50 day moving average price is $26.13 and its two-hundred day moving average price is $23.87.

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.