Punch Associates Investment Management Lowers stake in Natural Gas Services Group (NGS)

Natural Gas Services Group (NGS) : Punch Associates Investment Management reduced its stake in Natural Gas Services Group by 1.79% during the most recent quarter end. The investment management company now holds a total of 335,572 shares of Natural Gas Services Group which is valued at $8,510,106 after selling 6,120 shares in Natural Gas Services Group , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Natural Gas Services Group makes up approximately 0.95% of Punch Associates Investment Management’s portfolio.

Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in NGS in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 9,400 shares of Natural Gas Services Group which is valued at $238,384. Bnp Paribas Arbitrage Sa added NGS to its portfolio by purchasing 482 company shares during the most recent quarter which is valued at $11,534.

Natural Gas Services Group opened for trading at $24.43 and hit $25.44 on the upside on Monday, eventually ending the session at $25.36, with a gain of 3.01% or 0.74 points. The heightened volatility saw the trading volume jump to 32,968 shares. Company has a market cap of $326 M.

On the company’s financial health, Natural Gas Services Group reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.16. The company had revenue of $21.60 million for the quarter, compared to analysts expectations of $20.05 million. The company’s revenue was down -12.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.29 EPS.

Many Wall Street Analysts have commented on Natural Gas Services Group. Sidoti Resumed Natural Gas Services Group on Jun 8, 2016 to “Buy”, Price Target of the shares are set at $30.

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). The Company manufactures fabricates and rents natural gases compressors that enhance the production of natural gas wells and provide maintenance services for those compressors. In addition it sells custom fabricated natural gas compressors to meet customer specifications dictated by well pressures production characteristics and particular applications. It also manufactures and sells flare systems for oil and gas plant and production facilities. The Company has four operating units: Gas Compressor Rental Engineered Equipment Sales Service and Maintenance and Corporate.

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