Bank of America Corp DE Increases Stake in Natural Gas Services Group, Inc. $NGS

Bank of America Corp DE raised its stake in shares of Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) by 150.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,881 shares of the oil and gas company's stock after purchasing an additional 57,546 shares during the period. Bank of America Corp DE owned 0.76% of Natural Gas Services Group worth $3,619,000 as of its most recent filing with the Securities & Exchange Commission.

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A number of other institutional investors have also recently made changes to their positions in the company. R Squared Ltd increased its holdings in shares of Natural Gas Services Group by 4.9% in the first quarter. R Squared Ltd now owns 10,594 shares of the oil and gas company's stock worth $400,000 after purchasing an additional 495 shares during the last quarter. Osaic Holdings Inc. lifted its holdings in shares of Natural Gas Services Group by 10.4% in the 4th quarter. Osaic Holdings Inc. now owns 6,818 shares of the oil and gas company's stock worth $229,000 after acquiring an additional 642 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of Natural Gas Services Group by 20.1% in the 4th quarter. Royal Bank of Canada now owns 4,602 shares of the oil and gas company's stock worth $154,000 after acquiring an additional 771 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in Natural Gas Services Group in the fourth quarter worth about $27,000. Finally, Deutsche Bank AG boosted its holdings in Natural Gas Services Group by 11.4% during the 4th quarter. Deutsche Bank AG now owns 8,165 shares of the oil and gas company's stock valued at $275,000 after acquiring an additional 836 shares during the period. Hedge funds and other institutional investors own 65.62% of the company's stock.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on NGS

Natural Gas Services Group Trading Down 2.2%

Shares of NYSE NGS opened at $34.61 on Friday. Natural Gas Services Group, Inc. has a 1-year low of $25.53 and a 1-year high of $44.60. The business has a fifty day moving average price of $38.38 and a 200 day moving average price of $39.02. The stock has a market capitalization of $446.47 million, a P/E ratio of 21.50 and a beta of 0.42. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.01 and a quick ratio of 1.12.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last released its quarterly earnings results on Monday, August 10th. The oil and gas company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. Natural Gas Services Group had a net margin of 10.81% and a return on equity of 8.10%. The business had revenue of $51.40 million during the quarter, compared to analyst estimates of $50.24 million. Equities research analysts expect that Natural Gas Services Group, Inc. will post 1.91 EPS for the current fiscal year.

Natural Gas Services Group Announces Dividend

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

Natural Gas Services Group Company Profile

(Free Report)

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.

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