Natural Gas Services Group (NYSE:NGS) Releases Earnings Results

by · The Markets Daily

Natural Gas Services Group (NYSE:NGSGet Free Report) released its quarterly earnings data on Monday. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07, FiscalAI reports. The business had revenue of $51.40 million during the quarter, compared to analysts’ expectations of $50.24 million. Natural Gas Services Group had a net margin of 12.17% and a return on equity of 7.99%.

Natural Gas Services Group Stock Performance

NYSE NGS opened at $37.10 on Tuesday. The firm has a market capitalization of $467.39 million, a P/E ratio of 21.57 and a beta of 0.42. Natural Gas Services Group has a 1-year low of $23.17 and a 1-year high of $44.60. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.70 and a quick ratio of 1.77. The business’s 50-day simple moving average is $39.92 and its 200-day simple moving average is $38.93.

Natural Gas Services Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Wednesday, August 19th. Natural Gas Services Group’s dividend payout ratio (DPR) is 34.88%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on NGS shares. Weiss Ratings reissued a “buy (b)” rating on shares of Natural Gas Services Group in a research note on Monday, June 29th. Raymond James Financial lifted their price objective on Natural Gas Services Group from $53.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, July 10th. Zacks Research upgraded Natural Gas Services Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 10th. Finally, Stifel Nicolaus upped their target price on Natural Gas Services Group from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. According to MarketBeat, Natural Gas Services Group has a consensus rating of “Buy” and an average price target of $50.50.

Read Our Latest Stock Report on NGS

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Natural Gas Services Group by 1.2% during the third quarter. Vanguard Group Inc. now owns 611,653 shares of the oil and gas company’s stock worth $17,120,000 after buying an additional 7,345 shares during the period. Ameriprise Financial Inc. boosted its position in Natural Gas Services Group by 0.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 509,714 shares of the oil and gas company’s stock worth $13,156,000 after purchasing an additional 2,424 shares during the period. Cannell Capital LLC boosted its position in Natural Gas Services Group by 279.3% during the 2nd quarter. Cannell Capital LLC now owns 331,616 shares of the oil and gas company’s stock worth $8,559,000 after purchasing an additional 244,193 shares during the period. Geode Capital Management LLC increased its holdings in Natural Gas Services Group by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 247,201 shares of the oil and gas company’s stock valued at $8,321,000 after purchasing an additional 8,304 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in Natural Gas Services Group by 1.4% in the 2nd quarter. Bridgeway Capital Management LLC now owns 239,163 shares of the oil and gas company’s stock valued at $6,173,000 after purchasing an additional 3,330 shares in the last quarter. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Natural Gas Services Group Company Profile

(Get Free Report)

Natural Gas Services Group, Inc (NYSE: NGS) is an energy infrastructure company specializing in natural gas distribution and compression services across the United States. The company operates two primary lines of business: the Distribution segment provides natural gas delivery to residential, commercial and industrial customers, while the Compression Services segment rents, sells and services a diversified fleet of compression equipment for midstream and industrial applications.

In its Distribution segment, Natural Gas Services Group engineers, constructs and maintains local pipeline networks, meters and related apparatus to ensure safe and reliable natural gas supply to municipal utilities and private customers.

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