Vanguard Group Inc. owns $9.54 million worth of Natural Gas Services Group, Inc. (NYSE:NGS)

Vanguard Group Inc. increased its stake in Natural Gas Services Group, Inc. (NYSE:NGS – Free Report) by 1.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 491,167 shares of the oil and gas company after acquiring an additional 6,129 shares during the quarter. Vanguard Group Inc. owned approximately 3.95% of Natural Gas Services Group worth $9,543,000, according to its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in Natural Gas Services Group by 32.4% in the 1st quarter. Russell Investments Group Ltd. now owns 172,221 shares of the oil and gas company’s stock worth $3,346,000 after buying an additional 42,099 shares during the same period. Empowered Funds LLC increased its holdings in Natural Gas Services Group by 8.2% in the 1st quarter. Empowered Funds LLC now owns 78,495 shares of the oil and gas company’s stock worth $1,525,000 after buying an additional 5,917 shares during the last quarter. Assenagon Asset Management SA increased its holdings in shares of Natural Gas Services Group by 4.5% in the 1st quarter. Assenagon Asset Management SA now owns 50,755 shares of the oil and gas company’s stock worth $986,000 after acquiring an additional 2,182 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Natural Gas Services Group by 6,586.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,343 shares of the oil and gas company’s stock worth $54,000 after acquiring an additional 3,293 shares during the same period. Finally, Jump Financial LLC acquired a new position in Natural Gas Services Group in the 4th quarter valued at around $175,000. Institutional investors own 65.62% of the company’s stock.

Analysts set new price targets

Several research analysts have recently issued reports on NGS shares. StockNews.com downgraded shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Raymond James assumed coverage on shares of Natural Gas Services Group in a research note on Wednesday, August 7th. They issued a “strong-buy” rating and a $27.00 price target for the company.

Check out our latest research report on Natural Gas Services Group

Natural Gas Services Group: Trading result increased by 0.2%

NYSE:NGS opened at $18.89 on Thursday. The company has a quick ratio of 2.46, a current ratio of 3.23 and a debt-to-equity ratio of 0.71. The company has a 50-day moving average of $19.67 and a 200-day moving average of $19.75. The company has a market cap of $234.93 million, a P/E ratio of 24.86 and a beta of 1.09. Natural Gas Services Group, Inc. has a 52-week low of $10.28 and a 52-week high of $25.24.

Natural Gas Services Group (NYSE:NGS – Get Free Report) last released its quarterly earnings results on Wednesday, May 15. The oil and gas company reported $0.41 earnings per share (EPS) for the quarter. The company had revenue of $36.91 million during the quarter. Natural Gas Services Group had a net margin of 7.21% and a return on equity of 4.35%.

Insider buying and selling at Natural Gas Services Group

In related news, CEO Justin Jacobs acquired 2,500 shares of Natural Gas Services Group stock on Friday, June 14. The shares were acquired at an average price of $19.08 per share, for a total value of $47,700.00. Following the transaction, the CEO now owns 2,862 shares of the company’s stock, valued at $54,606.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 6.93% of the company’s stock.

Natural Gas Services Group Company Profile

(Free report)

Natural Gas Services Group, Inc. provides natural gas compression equipment and services to the energy industry in the United States. The company designs and manufactures, operates, leases and services natural gas compressors for oil and natural gas production and facilities. In addition, the company designs, manufactures and assembles compressor units for lease or sale and designs, manufactures and sells a range of frames, cylinders and parts for natural gas reciprocating compressors.