Franklin Resources Inc. Has $23.08 Million Position in Natural Gas Services Group, Inc. (NGS)

Franklin Resources Inc. lifted its holdings in Natural Gas Services Group, Inc. (NYSE:NGS) by 33.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 928,700 shares of the oil and gas company’s stock after buying an additional 232,000 shares during the quarter. Franklin Resources Inc. owned 7.18% of Natural Gas Services Group worth $23,078,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Kennedy Capital Management Inc. boosted its stake in shares of Natural Gas Services Group by 24.4% in the second quarter. Kennedy Capital Management Inc. now owns 257,195 shares of the oil and gas company’s stock valued at $6,391,000 after buying an additional 50,514 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Natural Gas Services Group by 31.3% in the second quarter. JPMorgan Chase & Co. now owns 14,454 shares of the oil and gas company’s stock valued at $359,000 after buying an additional 3,445 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Natural Gas Services Group by 18.1% in the second quarter. Royce & Associates LP now owns 140,066 shares of the oil and gas company’s stock valued at $3,481,000 after buying an additional 21,500 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Natural Gas Services Group by 23.8% in the second quarter. Victory Capital Management Inc. now owns 48,845 shares of the oil and gas company’s stock valued at $1,214,000 after buying an additional 9,396 shares in the last quarter. Finally, WCM Investment Management CA boosted its stake in shares of Natural Gas Services Group by 0.7% in the second quarter. WCM Investment Management CA now owns 160,942 shares of the oil and gas company’s stock valued at $3,999,000 after buying an additional 1,185 shares in the last quarter. Hedge funds and other institutional investors own 89.28% of the company’s stock.

Shares of Natural Gas Services Group, Inc. (NYSE:NGS) opened at 25.05 on Wednesday. The stock has a market capitalization of $324.07 million, a P/E ratio of 97.09 and a beta of 1.26. Natural Gas Services Group, Inc. has a 52-week low of $20.65 and a 52-week high of $34.50. The firm’s 50-day moving average price is $24.03 and its 200-day moving average price is $25.58.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.04). The firm had revenue of $16.20 million for the quarter, compared to the consensus estimate of $16.03 million. Natural Gas Services Group had a net margin of 4.85% and a return on equity of 1.41%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.10 earnings per share. Equities analysts forecast that Natural Gas Services Group, Inc. will post $0.18 earnings per share for the current fiscal year.

In other Natural Gas Services Group news, CEO Stephen Charles Taylor sold 12,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $24.99, for a total transaction of $299,880.00. Following the completion of the transaction, the chief executive officer now directly owns 284,245 shares of the company’s stock, valued at approximately $7,103,282.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 6.53% of the company’s stock.

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NGS has been the topic of a number of analyst reports. Seaport Global Securities restated a “buy” rating on shares of Natural Gas Services Group in a research note on Friday, August 4th. Zacks Investment Research upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. ValuEngine upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 31st. Finally, Imperial Capital initiated coverage on Natural Gas Services Group in a research note on Wednesday, August 23rd. They issued an “outperform” rating and a $27.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Natural Gas Services Group has an average rating of “Buy” and an average target price of $31.25.

About Natural Gas Services Group

Natural Gas Services Group, Inc is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales.

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

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