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

Renaissance Technologies LLC trimmed its holdings in Natural Gas Services Group, Inc. (NYSE:NGS) by 3.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 372,042 shares of the oil and gas company’s stock after selling 13,493 shares during the period. Renaissance Technologies LLC’s holdings in Natural Gas Services Group were worth $9,971,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. lifted its holdings in Natural Gas Services Group by 5.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 31,148 shares of the oil and gas company’s stock valued at $595,000 after acquiring an additional 1,485 shares during the period. BNP Paribas Financial Markets grew its position in shares of Natural Gas Services Group by 54.7% in the third quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock valued at $165,000 after purchasing an additional 3,056 shares during the period. State Street Corp boosted its holdings in 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 last quarter. Barclays PLC boosted its stake in shares of Natural Gas Services Group by 47.5% in the third quarter. Barclays PLC now owns 17,301 shares of the oil and gas company’s stock worth $331,000 after acquiring an additional 5,575 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in 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 valued at $660,000 after purchasing an additional 14,974 shares during the last quarter. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Natural Gas Services Group Stock Up 3.6 %

Shares of NGS opened at $19.38 on Thursday. The stock has a fifty day simple moving average of $22.68 and a two-hundred day simple moving average of $23.93. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $242.39 million, a PE ratio of 15.14 and a beta of 0.77. Natural Gas Services Group, Inc. has a 52-week low of $16.70 and a 52-week high of $29.74.

Natural Gas Services Group (NYSE:NGS) last issued its earnings results on Monday, March 17th. The oil and gas company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $40.66 million for the quarter, compared to the consensus estimate of $40.84 million. Natural Gas Services Group had a net margin of 10.55% and a return on equity of 6.60%. During the same period in the previous year, the firm earned $0.14 earnings per share. As a group, equities analysts forecast that Natural Gas Services Group, Inc. will post 1.42 EPS for the current year.

Insider Buying and Selling at Natural Gas Services Group

In related news, Director Stephen Charles Taylor sold 19,400 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total transaction of $558,720.00. Following the completion of the transaction, the director now directly owns 438,387 shares in the company, valued at $12,625,545.60. This trade represents a 4.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 7.25% of the company’s stock.

Analyst Ratings Changes

NGS has been the subject of a number of research reports. Raymond James reaffirmed a “strong-buy” rating and set a $32.00 target price (down previously from $33.00) on shares of Natural Gas Services Group in a report on Wednesday, March 19th. StockNews.com upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Tuesday.

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.