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

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

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 research report on Wednesday, November 20th.

Insider Buying and Selling

In related news, Director Stephen Charles Taylor sold 19,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total transaction of $558,720.00. Following the completion of the sale, the director now directly owns 438,387 shares in the company, valued at approximately $12,625,545.60. This trade represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 7.25% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Natural Gas Services Group

Several institutional investors and hedge funds have recently modified their holdings of NGS. SG Americas Securities LLC acquired a new stake in Natural Gas Services Group during the fourth quarter valued at $128,000. Wells Fargo & Company MN grew its stake in shares of Natural Gas Services Group by 31.5% in the 4th quarter. Wells Fargo & Company MN now owns 6,022 shares of the oil and gas company’s stock valued at $161,000 after buying an additional 1,443 shares in the last quarter. MetLife Investment Management LLC increased its holdings in Natural Gas Services Group by 129.1% in the third quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock worth $121,000 after buying an additional 3,564 shares during the last quarter. FCA Corp TX bought a new position in Natural Gas Services Group during the fourth quarter valued at approximately $188,000. Finally, Net Worth Advisory Group bought a new stake in Natural Gas Services Group in the fourth quarter worth approximately $213,000. 65.62% of the stock is currently owned by hedge funds and other institutional investors.

Natural Gas Services Group Stock Up 1.7 %

NGS traded up $0.38 on Friday, reaching $22.57. 33,376 shares of the company traded hands, compared to its average volume of 73,996. The company has a market cap of $281.90 million, a price-to-earnings ratio of 17.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. The stock’s 50 day moving average price is $26.13 and its 200-day moving average price is $23.87. Natural Gas Services Group has a 52-week low of $16.70 and a 52-week high of $29.74.

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.