Natural Gas Services Group, Inc. (NGS) to Issue Quarterly Dividend of $0.15 on June 3rd

Natural Gas Services Group, Inc. (NYSE:NGS) announced a quarterly dividend on Monday, May 11th. Investors of record on Wednesday, May 20th will be given a dividend of 0.15 per share by the oil and gas company on Wednesday, June 3rd. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Wednesday, May 20th. This is a 36.4% increase from Natural Gas Services Group’s previous quarterly dividend of $0.11.

Natural Gas Services Group Stock Up 5.7%

NGS stock opened at $42.45 on Wednesday. Natural Gas Services Group has a fifty-two week low of $22.05 and a fifty-two week high of $43.27. The business’s 50-day moving average is $38.65 and its two-hundred day moving average is $35.00. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.49 and a current ratio of 2.33. The company has a market cap of $534.40 million, a price-to-earnings ratio of 24.68 and a beta of 0.43.

Natural Gas Services Group (NYSE:NGS) last posted its earnings results on Monday, May 11th. The oil and gas company reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.08. Natural Gas Services Group had a return on equity of 8.06% and a net margin of 12.17%.The company had revenue of $48.47 million for the quarter, compared to the consensus estimate of $47.09 million. As a group, analysts forecast that Natural Gas Services Group will post 1.96 earnings per share for the current year.

About Natural Gas Services Group

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.