Natural Gas Services Group, Inc. (NGS) Stake Decreased by Barclays PLC

Barclays PLC cut its holdings in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 25.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,467 shares of the oil and gas company’s stock after selling 7,477 shares during the period. Barclays PLC owned about 0.17% of Natural Gas Services Group worth $369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of NGS. Geode Capital Management LLC increased its holdings in Natural Gas Services Group by 6.6% in the fourth quarter. Geode Capital Management LLC now owns 120,169 shares of the oil and gas company’s stock worth $1,975,000 after buying an additional 7,434 shares during the last quarter. Northern Trust Corp grew its holdings in Natural Gas Services Group by 1.5% during the fourth quarter. Northern Trust Corp now owns 555,576 shares of the oil and gas company’s stock valued at $9,133,000 after purchasing an additional 7,943 shares during the last quarter. BlackRock Inc. boosted its position in shares of Natural Gas Services Group by 1.6% in the fourth quarter. BlackRock Inc. now owns 934,501 shares of the oil and gas company’s stock valued at $15,363,000 after acquiring an additional 14,906 shares during the period. California Public Employees Retirement System boosted its position in shares of Natural Gas Services Group by 7.1% in the fourth quarter. California Public Employees Retirement System now owns 39,241 shares of the oil and gas company’s stock valued at $645,000 after acquiring an additional 2,599 shares during the period. Finally, Monarch Partners Asset Management LLC boosted its position in shares of Natural Gas Services Group by 7.4% in the fourth quarter. Monarch Partners Asset Management LLC now owns 29,550 shares of the oil and gas company’s stock valued at $486,000 after acquiring an additional 2,030 shares during the period. Institutional investors own 91.07% of the company’s stock.

A number of research analysts have issued reports on the company. ValuEngine raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Zacks Investment Research raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Finally, Maxim Group began coverage on Natural Gas Services Group in a report on Friday, January 25th. They set a “buy” rating and a $24.00 price objective for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Natural Gas Services Group currently has a consensus rating of “Buy” and an average price target of $47.25.

Shares of NYSE:NGS traded up $0.21 during midday trading on Friday, reaching $16.87. The company’s stock had a trading volume of 22,405 shares, compared to its average volume of 31,627. Natural Gas Services Group, Inc. has a fifty-two week low of $15.42 and a fifty-two week high of $26.40. The firm has a market cap of $220.46 million, a PE ratio of 210.88 and a beta of 1.34.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings data on Thursday, March 14th. The oil and gas company reported $0.03 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.03. Natural Gas Services Group had a return on equity of 0.41% and a net margin of 0.65%. The firm had revenue of $16.20 million during the quarter, compared to analyst estimates of $18.10 million. On average, analysts predict that Natural Gas Services Group, Inc. will post 0.28 EPS for the current fiscal year.

In other Natural Gas Services Group news, VP James R. Hazlett sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $17.26, for a total value of $51,780.00. Following the sale, the vice president now owns 52,682 shares in the company, valued at approximately $909,291.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP James R. Hazlett sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $17.30, for a total value of $34,600.00. Following the completion of the sale, the vice president now owns 55,682 shares in the company, valued at approximately $963,298.60. The disclosure for this sale can be found here. Insiders have sold a total of 36,661 shares of company stock worth $638,371 in the last quarter. 6.61% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION WARNING: This article was posted by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://www.baseballdailydigest.com/news/2019/04/26/natural-gas-services-group-inc-ngs-stake-decreased-by-barclays-plc.html.

Natural Gas Services Group Profile

Natural Gas Services Group, Inc provides small to medium horsepower compression equipment to the natural gas industry in the United States. The company engages in the rental of small to medium horsepower compression equipment to non-conventional natural gas and oil production businesses. As of December 31, 2018, it had 2,572 natural gas compressors in its rental fleet totaling 398,765 horsepower.

See Also: Is it better to buy a fund with a higher or lower NAV?

Institutional Ownership by Quarter for Natural Gas Services Group (NYSE:NGS)

Receive News & Ratings for Natural Gas Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Gas Services Group and related companies with MarketBeat.com's FREE daily email newsletter.