Natural Gas Services Group (NYSE:NGS) Issues Quarterly Earnings Results

Natural Gas Services Group (NYSE:NGS) issued its quarterly earnings data on Monday. The oil and gas company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04, FiscalAI reports. Natural Gas Services Group had a net margin of 9.80% and a return on equity of 8.17%. The company had revenue of $61.26 million for the quarter, compared to analysts’ expectations of $56.43 million.

Natural Gas Services Group Stock Up 2.6%

NYSE NGS traded up $0.73 on Wednesday, hitting $29.48. 35,800 shares of the company were exchanged, compared to its average volume of 120,403. The company has a current ratio of 2.01, a quick ratio of 1.12 and a debt-to-equity ratio of 1.11. The company has a market cap of $380.17 million, a PE ratio of 18.66 and a beta of 0.45. The stock has a fifty day moving average of $32.98 and a 200-day moving average of $37.23. Natural Gas Services Group has a 12 month low of $26.39 and a 12 month high of $44.60.

Natural Gas Services Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Thursday, November 19th will be paid a dividend of $0.16 per share. This is a boost from Natural Gas Services Group’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, November 19th. Natural Gas Services Group’s payout ratio is currently 37.97%.

Analyst Ratings Changes

NGS has been the subject of several recent analyst reports. Zacks Research cut shares of Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Weiss Ratings downgraded Natural Gas Services Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Natural Gas Services Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

About Natural Gas Services Group

Natural Gas Services Group, Inc. provides natural gas compression equipment and related services to oil and gas producers. Its business includes designing, fabricating, renting, selling, and maintaining compressor packages used to move natural gas from production sites into pipelines and processing facilities. The company also provides equipment such as flare systems and other production-related products. Its services support producers’ compression and gas-handling needs across onshore oil and gas operations, primarily in the United States.