Natural Gas Services Group (NYSE:NGS – Get Free Report) issued its quarterly earnings results on Monday. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04, FiscalAI reports. The business had revenue of $61.26 million during the quarter, compared to analyst estimates of $56.43 million. Natural Gas Services Group had a net margin of 10.81% and a return on equity of 8.10%.
Natural Gas Services Group Stock Performance
Shares of NYSE NGS traded up $1.52 during mid-day trading on Monday, hitting $29.14. The company had a trading volume of 134,624 shares, compared to its average volume of 120,488. The stock has a market cap of $375.96 million, a price-to-earnings ratio of 18.10 and a beta of 0.45. Natural Gas Services Group has a 12 month low of $26.39 and a 12 month high of $44.60. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.01 and a quick ratio of 1.12. The firm’s 50 day simple moving average is $33.21 and its two-hundred day simple moving average is $37.29.
Wall Street Analysts Forecast Growth
NGS has been the topic of several recent analyst reports. Weiss Ratings cut shares of Natural Gas Services Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. Zacks Research lowered shares of Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.50.
About Natural Gas Services Group
Natural Gas Services Group, Inc provides natural gas compression equipment and services to oil and natural gas producers, processors and pipeline companies. The company designs, fabricates, sells and rents natural gas compressors used to maintain pressure and improve the flow of natural gas from production wells and through gathering and processing systems.
The company’s offerings include compressor packages, contract compression services, equipment fabrication and engineering support.
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