Natural Gas Services Group (NYSE:NGS) Releases Earnings Results, Beats Estimates By $0.06 EPS

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

NYSE NGS traded down $0.19 on Friday, reaching $11.16. The stock had a trading volume of 98,411 shares, compared to its average volume of 57,108. The business has a 50 day moving average price of $12.45 and a 200 day moving average price of $14.20. Natural Gas Services Group has a 1 year low of $10.22 and a 1 year high of $21.21. The company has a market capitalization of $149.14 million, a price-to-earnings ratio of 139.50 and a beta of 1.32.

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

About Natural Gas Services Group

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.

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

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