Spitfire Capital Lowers stake in Natural Gas Services Group (NGS)

Natural Gas Services Group (NGS) : Spitfire Capital reduced its stake in Natural Gas Services Group by 5.95% during the most recent quarter end. The investment management company now holds a total of 438,117 shares of Natural Gas Services Group which is valued at $10,527,952 after selling 27,695 shares in Natural Gas Services Group , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Natural Gas Services Group makes up approximately 4.41% of Spitfire Capital’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies reduced its stake in NGS by selling 13,300 shares or 5.26% in the most recent quarter. The Hedge Fund company now holds 239,500 shares of NGS which is valued at $5,755,185. Natural Gas Services Group makes up approx 0.01% of Renaissance Technologies’s portfolio.Teachers Advisors Inc boosted its stake in NGS in the latest quarter, The investment management firm added 4,006 additional shares and now holds a total of 29,854 shares of Natural Gas Services Group which is valued at $717,392.Blackrock Fund Advisors reduced its stake in NGS by selling 4,950 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 324,589 shares of NGS which is valued at $7,799,874.Tower Research Capital (trc) reduced its stake in NGS by selling 28 shares or 4.06% in the most recent quarter. The Hedge Fund company now holds 662 shares of NGS which is valued at $15,908.

Natural Gas Services Group opened for trading at $25.19 and hit $25.699 on the upside on Monday, eventually ending the session at $25.63, with a gain of 1.83% or 0.46 points. The heightened volatility saw the trading volume jump to 26,522 shares. Company has a market cap of $330 M.

On the company’s financial health, Natural Gas Services Group reported $0.10 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.15. The company had revenue of $17.20 million for the quarter, compared to analysts expectations of $19.23 million. The company’s revenue was down -29.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Natural Gas Services Group. Company shares were Reiterated by Lake Street on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 32 from a previous price target of $25 .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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