Cannell Capital LLC Takes $5.28 Million Position in Natural Gas Services Group, Inc. $NGS

Cannell Capital LLC purchased a new position in shares of Natural Gas Services Group, Inc. (NYSE:NGS) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 122,387 shares of the oil and gas company’s stock, valued at approximately $5,279,775. Natural Gas Services Group makes up approximately 0.0% of Cannell Capital LLC’s portfolio, making the stock its 14th biggest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Zions Bancorporation National Association UT purchased a new position in Natural Gas Services Group in the 4th quarter valued at approximately $27,000. State of Wyoming purchased a new stake in Natural Gas Services Group during the second quarter worth $36,000. Legal & General Group Plc purchased a new stake in Natural Gas Services Group during the second quarter worth $50,000. Kemnay Advisory Services Inc. acquired a new stake in Natural Gas Services Group in the fourth quarter valued at $114,000. Finally, Royal Bank of Canada increased its position in shares of Natural Gas Services Group by 20.1% in the fourth quarter. Royal Bank of Canada now owns 4,602 shares of the oil and gas company’s stock valued at $154,000 after buying an additional 771 shares in the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Weiss Ratings downgraded Natural Gas Services Group from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Raymond James Financial raised their target price on shares of Natural Gas Services Group from $53.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, July 10th. Zacks Research cut shares of Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Finally, Stifel Nicolaus upped their price target on shares of Natural Gas Services Group from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Natural Gas Services Group currently has a consensus rating of “Moderate Buy” and an average price target of $50.50.

Natural Gas Services Group Stock Performance

Natural Gas Services Group stock opened at $34.61 on Friday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.12 and a current ratio of 2.01. The stock has a fifty day moving average of $38.38 and a two-hundred day moving average of $39.02. The company has a market capitalization of $446.47 million, a price-to-earnings ratio of 21.50 and a beta of 0.42. Natural Gas Services Group, Inc. has a fifty-two week low of $25.53 and a fifty-two week high of $44.60.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings data on Monday, August 10th. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.07. The business had revenue of $51.40 million for the quarter, compared to the consensus estimate of $50.24 million. Natural Gas Services Group had a return on equity of 8.10% and a net margin of 10.81%. On average, analysts anticipate that Natural Gas Services Group, Inc. will post 1.91 EPS for the current fiscal year.

Natural Gas Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Wednesday, August 19th. Natural Gas Services Group’s dividend payout ratio is 37.27%.

Natural Gas Services Group Profile

Natural Gas Services Group, Inc (NYSE: NGS) is an energy infrastructure company specializing in natural gas distribution and compression services across the United States. The company operates two primary lines of business: the Distribution segment provides natural gas delivery to residential, commercial and industrial customers, while the Compression Services segment rents, sells and services a diversified fleet of compression equipment for midstream and industrial applications.

In its Distribution segment, Natural Gas Services Group engineers, constructs and maintains local pipeline networks, meters and related apparatus to ensure safe and reliable natural gas supply to municipal utilities and private customers.