Natural gas services director Stephen Taylor sells $245,038 in stock

Stephen Charles Taylor, a director at Natural Gas Services Group Inc . (NYSE:NGS), recently sold shares of the company in a series of transactions. According to an SEC filing, Taylor sold a total of 9,000 shares over three days, from November 11 to November 13, for a total value of approximately $245,038. The sales were executed at prices ranging from $24.5 to $24.508 per share.

Following these transactions, Taylor holds 538,387 shares of Natural Gas Services Group. The sales were conducted under a Rule 10b5-1 trading plan, which allows insiders to set up a predetermined plan to sell shares at a later date, helping to avoid concerns over insider trading.

In other recent news, Natural Gas Services Group, Inc. has reported significant developments. The company saw a substantial increase in rental revenue and adjusted EBITDA in its Q2 earnings call, leading to an upward revision of its 2024 adjusted EBITDA outlook to a range of $64 million to $68 million. Despite a sequential decrease in adjusted EBITDA from Q1, the overall financial results and future projections underscore the company's strong market standing.

Natural Gas Services Group welcomed Ian Eckert as their new Chief Financial Officer, effective January 6, 2025. Eckert, with his extensive experience in public company accounting, strategy, and operational improvement, is expected to bolster the company's financial management and growth.

In terms of strategic moves, the company is focusing on expanding its rental fleet and securing new long-term contracts, particularly in large horsepower and electric motor-driven units. Analysts have noted these initiatives, along with the company's commitment to technological innovation and strong customer relationships, as key growth drivers.

These recent developments highlight Natural Gas Services Group's strategic efforts and financial performance, providing a glimpse into the company's future trajectory.

InvestingPro Insights

Natural Gas Services Group Inc. (NYSE:NGS) has been experiencing significant growth, as evidenced by its financial performance and market position. According to InvestingPro data, the company's revenue grew by 45.7% over the last twelve months as of Q2 2024, reaching $142.99 million. This robust growth is complemented by a strong EBITDA growth of 116.67% over the same period.

The company's stock has also shown impressive performance, with a 64.13% price total return over the past year. This aligns with one of the InvestingPro Tips, which notes that NGS has had a "High return over the last year." Additionally, the stock is currently trading near its 52-week high, with the price at 95.52% of its 52-week high value.

Despite the recent insider selling by Director Stephen Charles Taylor, it's worth noting that InvestingPro Tips suggest that NGS's "Net income is expected to grow this year" and that analysts predict the company will be profitable this year. These positive outlooks may provide some context for investors considering the stock's potential.

For those seeking a more comprehensive analysis, InvestingPro offers 13 additional tips for Natural Gas Services Group, providing a deeper understanding of the company's financial health and market position.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.