Natural Gas Services Group, Inc. Common Stock (NGS) Posts Earnings Results, Misses Estimates By $0.04 EPS

Natural Gas Services Group, Inc. Common Stock (NYSE:NGS) released its quarterly earnings results on Thursday. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04), MarketWatch Earnings reports. Natural Gas Services Group, Inc. Common Stock had a return on equity of 0.60% and a net margin of 31.19%. The company had revenue of $18.20 million for the quarter, compared to analysts’ expectations of $17.54 million.

NYSE:NGS traded down $0.60 during mid-day trading on Friday, reaching $22.40. The stock had a trading volume of 15,826 shares, compared to its average volume of 29,880. The company has a market cap of $295.73 million, a P/E ratio of 209.09 and a beta of 1.18. Natural Gas Services Group, Inc. Common Stock has a twelve month low of $21.45 and a twelve month high of $29.55.

A number of equities analysts recently issued reports on the company. ValuEngine raised Natural Gas Services Group, Inc. Common Stock from a “sell” rating to a “hold” rating in a report on Saturday, April 21st. TheStreet lowered Natural Gas Services Group, Inc. Common Stock from a “b” rating to a “c+” rating in a report on Monday, April 16th. Zacks Investment Research raised Natural Gas Services Group, Inc. Common Stock from a “sell” rating to a “hold” rating in a report on Thursday, May 10th. Finally, Argus raised their price objective on shares of Natural Gas Services Group, Inc. Common Stock from $195.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, May 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Natural Gas Services Group, Inc. Common Stock presently has an average rating of “Buy” and an average target price of $49.50.

Natural Gas Services Group, Inc. Common Stock Company Profile

Natural Gas Services Group, Inc provides gas compression equipment and services to the natural gas and oil 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, 2017, it had 2,546 natural gas compressors in its rental fleet totaling 369,961 horsepower.

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Earnings History for Natural Gas Services Group, Inc. Common Stock (NYSE:NGS)

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