Natural Gas Services Group (NYSE:NGS) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Natural Gas Services Group (NYSE:NGS) posted its quarterly earnings results on Thursday. The oil and gas company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06, Fidelity Earnings reports. The business had revenue of $20.85 million during the quarter, compared to analyst estimates of $19.65 million. Natural Gas Services Group had a net margin of 1.25% and a return on equity of 0.58%.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Shares of NGS traded down $0.19 during mid-day trading on Friday, reaching $11.16. The stock had a trading volume of 98,411 shares, compared to its average volume of 57,108. The firm has a market cap of $149.14 million, a price-to-earnings ratio of 139.50 and a beta of 1.32. Natural Gas Services Group has a 12 month low of $10.22 and a 12 month high of $21.21. The business has a fifty day moving average of $12.45 and a 200 day moving average of $14.20.

A number of equities analysts have weighed in on the stock. ValuEngine upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Imperial Capital dropped their price target on shares of Natural Gas Services Group from $21.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Maxim Group reiterated a “buy” rating and issued a $18.00 price target (down from $24.00) on shares of Natural Gas Services Group in a research report on Wednesday, August 7th. Finally, Zacks Investment Research upgraded shares of Natural Gas Services Group from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Saturday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $18.00.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides small to medium horsepower compression equipment to the natural gas industry in the United States. The company engages in the rental of small to medium horsepower compression equipment to non-conventional natural gas and oil production businesses. As of December 31, 2018, it had 2,572 natural gas compressors in its rental fleet totaling 398,765 horsepower.

Featured Story: Risk Tolerance

Earnings History for Natural Gas Services Group (NYSE:NGS)

Leave a Reply

Your email address will not be published. Required fields are marked *

*