Natural Gas Services Group (NGS) Announces Quarterly Earnings Results

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Natural Gas Services Group (NYSE:NGS) released its earnings results on Thursday. The oil and gas company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03, MarketWatch Earnings reports. Natural Gas Services Group had a net margin of 29.40% and a return on equity of 0.41%. The firm had revenue of $16.20 million for the quarter, compared to analyst estimates of $18.10 million.

NGS opened at $18.40 on Friday. Natural Gas Services Group has a 1-year low of $15.42 and a 1-year high of $26.70. The company has a market capitalization of $241.28 million, a PE ratio of 167.27 and a beta of 1.35.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. ValuEngine raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Friday. Maxim Group initiated coverage on shares of Natural Gas Services Group in a report on Friday, January 25th. They issued a “buy” rating and a $24.00 target price on the stock. Finally, Seaport Global Securities set a $23.00 price target on shares of Natural Gas Services Group and gave the company a “buy” rating in a research note on Friday, December 7th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $47.25.

In related news, CEO Stephen Charles Taylor sold 23,955 shares of Natural Gas Services Group stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $17.70, for a total transaction of $424,003.50. Following the sale, the chief executive officer now directly owns 330,973 shares in the company, valued at approximately $5,858,222.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Chisholm sold 2,500 shares of Natural Gas Services Group stock in a transaction that occurred on Tuesday, January 8th. The stock was sold at an average price of $18.20, for a total transaction of $45,500.00. Following the sale, the director now owns 13,464 shares in the company, valued at $245,044.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 67,186 shares of company stock worth $1,175,151. 6.61% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in shares of Natural Gas Services Group by 0.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,099,528 shares of the oil and gas company’s stock worth $23,200,000 after purchasing an additional 8,138 shares during the period. Oslo Asset Management AS lifted its position in shares of Natural Gas Services Group by 61.4% in the 4th quarter. Oslo Asset Management AS now owns 970,958 shares of the oil and gas company’s stock worth $15,963,000 after purchasing an additional 369,370 shares during the period. BlackRock Inc. lifted its position in shares of Natural Gas Services Group by 1.6% in the 4th quarter. BlackRock Inc. now owns 934,501 shares of the oil and gas company’s stock worth $15,363,000 after purchasing an additional 14,906 shares during the period. Vanguard Group Inc. lifted its position in shares of Natural Gas Services Group by 7.5% in the 3rd quarter. Vanguard Group Inc. now owns 635,357 shares of the oil and gas company’s stock worth $13,407,000 after purchasing an additional 44,276 shares during the period. Finally, Vanguard Group Inc lifted its position in shares of Natural Gas Services Group by 7.5% in the 3rd quarter. Vanguard Group Inc now owns 635,357 shares of the oil and gas company’s stock worth $13,407,000 after purchasing an additional 44,276 shares during the period. Institutional investors and hedge funds own 91.64% of the company’s stock.

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About Natural Gas Services Group

Natural Gas Services Group, Inc provides gas compression equipment and services to the natural gas and oil industry in the United States. The company engages in the rental of small to medium horsepower compression equipment to non-conventional natural gas and oil production businesses. As of December 31, 2017, it had 2,546 natural gas compressors in its rental fleet totaling 369,961 horsepower.

Further Reading: Asset Allocation and Your Retirement

Earnings History for Natural Gas Services Group (NYSE:NGS)

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