Natural Gas Services Group (NYSE:NGS) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Shares of Natural Gas Services Group, Inc. (NYSE:NGS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.54 and traded as high as $28.01. Natural Gas Services Group shares last traded at $26.50, with a volume of 68,709 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th.

Natural Gas Services Group Stock Down 3.5 %

The firm has a market capitalization of $330.97 million, a price-to-earnings ratio of 20.70 and a beta of 1.12. 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 firm has a 50 day moving average of $26.78 and a two-hundred day moving average of $23.59.

Insider Buying and Selling

In other news, Director Stephen Charles Taylor sold 19,400 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total value of $558,720.00. Following the completion of the transaction, the director now owns 438,387 shares of the company’s stock, valued at $12,625,545.60. This represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 30,000 shares of company stock worth $847,320 in the last three months. 7.25% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Natural Gas Services Group

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new position in shares of Natural Gas Services Group during the fourth quarter worth $128,000. Wells Fargo & Company MN boosted its holdings in Natural Gas Services Group by 31.5% in the fourth quarter. Wells Fargo & Company MN now owns 6,022 shares of the oil and gas company’s stock valued at $161,000 after acquiring an additional 1,443 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Natural Gas Services Group by 129.1% during the third quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company’s stock worth $121,000 after buying an additional 3,564 shares during the period. FCA Corp TX bought a new position in Natural Gas Services Group during the fourth quarter worth $188,000. Finally, Net Worth Advisory Group bought a new stake in Natural Gas Services Group during the fourth quarter valued at $213,000. 65.62% of the stock is owned by institutional investors.

About Natural Gas Services Group

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.