Renaissance Technologies LLC Increases Stock Holdings in Natural Gas Services Group, Inc. (NYSE:NGS)

Renaissance Technologies LLC lifted its stake in Natural Gas Services Group, Inc. (NYSE:NGS) by 5.1% in the second quarter, Holdings Channel.com reports. The firm owned 399,342 shares of the oil and gas company’s stock after buying an additional 19,543 shares during the period. Renaissance Technologies LLC’s holdings in Natural Gas Services Group were worth $8,035,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of NGS. Jump Financial LLC purchased a new position in shares of Natural Gas Services Group in the 4th quarter worth approximately $175,000. Acadian Asset Management LLC purchased a new position in shares of Natural Gas Services Group in the 2nd quarter worth approximately $208,000. Rhumbline Advisers boosted its holdings in shares of Natural Gas Services Group by 2,513.0% in the 2nd quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock worth $243,000 after purchasing an additional 11,610 shares during the period. Perritt Capital Management Inc. boosted its holdings in shares of Natural Gas Services Group by 51.0% in the 1st quarter. Perritt Capital Management Inc. now owns 15,100 shares of the oil and gas company’s stock worth $293,000 after purchasing an additional 5,100 shares during the period. Finally, ClariVest Asset Management LLC purchased a new position in shares of Natural Gas Services Group in the 2nd quarter worth approximately $693,000. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Raymond James assumed coverage on Natural Gas Services Group in a report on Wednesday, August 7th. They set a “strong-buy” rating and a $27.00 price objective for the company. StockNews.com upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Friday, August 16th.

Natural Gas Services Group Price Performance

NGS opened at $19.56 on Wednesday. Natural Gas Services Group, Inc. has a 52-week low of $12.34 and a 52-week high of $25.24. The stock has a market cap of $243.27 million, a P/E ratio of 25.74 and a beta of 1.04. The business has a fifty day moving average of $20.09 and a 200 day moving average of $20.74. The company has a quick ratio of 1.66, a current ratio of 2.34 and a debt-to-equity ratio of 0.66.

Natural Gas Services Group (NYSE:NGS) last issued its earnings results on Wednesday, August 14th. The oil and gas company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. Natural Gas Services Group had a return on equity of 5.53% and a net margin of 9.25%. The business had revenue of $38.49 million during the quarter, compared to analysts’ expectations of $36.79 million. During the same period in the prior year, the business earned $0.10 EPS. As a group, sell-side analysts anticipate that Natural Gas Services Group, Inc. will post 1.23 EPS for the current year.

Insiders Place Their Bets

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 4,690 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $22.14, for a total value of $103,836.60. Following the completion of the sale, the director now directly owns 551,568 shares in the company, valued at approximately $12,211,715.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 6.93% of the company’s stock.

Natural Gas Services Group Profile

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.