Natural Gas Services Group (NYSE:NGS) Share Price Passes Above 200-Day Moving Average – What’s Next?

Natural Gas Services Group, Inc. (NYSE:NGS) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.93 and traded as high as $27.13. Natural Gas Services Group shares last traded at $26.93, with a volume of 43,217 shares traded.

Analysts Set New Price Targets

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

Natural Gas Services Group Trading Up 2.7 %

The business has a 50-day moving average of $26.78 and a 200 day moving average of $22.93. The stock has a market cap of $336.36 million, a PE ratio of 21.04 and a beta of 1.12. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.76.

Insiders Place Their Bets

In related news, Director Stephen Charles Taylor sold 2,191 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $24.50, for a total transaction of $53,679.50. Following the transaction, the director now directly owns 538,387 shares in the company, valued at approximately $13,190,481.50. This represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have sold 60,292 shares of company stock valued at $1,635,353 in the last ninety days. Insiders own 7.25% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp raised its position in shares of Natural Gas Services Group by 19.1% in the 3rd quarter. State Street Corp now owns 162,646 shares of the oil and gas company’s stock worth $3,108,000 after buying an additional 26,069 shares during the period. Empowered Funds LLC increased its stake in Natural Gas Services Group by 5.1% during the fourth quarter. Empowered Funds LLC now owns 93,354 shares of the oil and gas company’s stock worth $2,502,000 after acquiring an additional 4,497 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Natural Gas Services Group by 76.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 34,548 shares of the oil and gas company’s stock worth $660,000 after purchasing an additional 14,974 shares during the period. Inspire Investing LLC purchased a new position in shares of Natural Gas Services Group in the 4th quarter worth about $890,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Natural Gas Services Group by 4.7% in the 4th quarter. Bank of New York Mellon Corp now owns 32,102 shares of the oil and gas company’s stock valued at $860,000 after purchasing an additional 1,433 shares in the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.

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.