Natural Gas Services Group (NYSE:NGS – Get Free Report) posted its earnings results on Monday. The oil and gas company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.04, FiscalAI reports. Natural Gas Services Group had a net margin of 10.81% and a return on equity of 8.10%. The business had revenue of $61.26 million for the quarter, compared to analyst estimates of $56.43 million.
Natural Gas Services Group Stock Up 5.5%
NGS traded up $1.52 on Monday, reaching $29.14. The company’s stock 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 1 year low of $26.39 and a 1 year 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 business’s 50 day moving average is $33.21 and its 200 day moving average is $37.29.
Analyst Ratings Changes
Several analysts recently issued reports on NGS shares. Zacks Research downgraded Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Weiss Ratings lowered Natural Gas Services Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.50.
Get Our Latest Stock Report on NGS
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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