Natural Gas Services Group (NYSE:NGS) Releases Earnings Results

Natural Gas Services Group (NYSE:NGS) posted its quarterly earnings results on Monday. The oil and gas company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02, Zacks reports. Natural Gas Services Group had a net margin of 10.55% and a return on equity of 6.60%. The company had revenue of $40.66 million for the quarter, compared to the consensus estimate of $40.84 million. During the same period last year, the firm posted $0.14 EPS.

Natural Gas Services Group Stock Performance

NYSE NGS traded down $1.82 on Tuesday, hitting $21.82. The stock had a trading volume of 104,807 shares, compared to its average volume of 74,323. The company’s 50-day moving average is $25.96 and its two-hundred day moving average is $23.92. The stock has a market cap of $272.47 million, a price-to-earnings ratio of 17.04 and a beta of 1.13. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.65. Natural Gas Services Group has a one year low of $16.70 and a one year high of $29.74.

Analysts Set New Price Targets

Separately, StockNews.com raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th.

Insider Buying and Selling

In other news, Director Stephen Charles Taylor sold 19,400 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total value of $558,720.00. Following the completion of the sale, the director now directly owns 438,387 shares of the company’s stock, valued at approximately $12,625,545.60. This represents a 4.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 7.25% of the company’s stock.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.