Natural Gas Services Group (NGS) Releases Earnings Results, Meets Expectations

Share on StockTwits

Natural Gas Services Group (NYSE:NGS) issued its quarterly earnings results on Thursday. The oil and gas company reported $0.02 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.02, MarketWatch Earnings reports. Natural Gas Services Group had a return on equity of 0.53% and a net margin of 30.05%. The company had revenue of $16.40 million during the quarter, compared to the consensus estimate of $18.27 million.

NYSE:NGS traded down $0.10 during trading hours on Friday, reaching $20.00. The stock had a trading volume of 48,824 shares, compared to its average volume of 47,169. Natural Gas Services Group has a 12-month low of $17.50 and a 12-month high of $29.35. The company has a market capitalization of $254.40 million, a P/E ratio of 181.82 and a beta of 1.32.

A number of analysts have issued reports on the company. Zacks Investment Research raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Seaport Global Securities set a $24.00 target price on Natural Gas Services Group and gave the stock a “buy” rating in a research report on Friday, August 17th. Finally, ValuEngine raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $55.33.

In other Natural Gas Services Group news, CEO Stephen Charles Taylor sold 13,776 shares of the firm’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $22.01, for a total value of $303,209.76. Following the completion of the sale, the chief executive officer now directly owns 330,438 shares of the company’s stock, valued at $7,272,940.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 21,106 shares of company stock valued at $466,551 over the last three months. Company insiders own 6.61% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Strs Ohio boosted its holdings in shares of Natural Gas Services Group by 9.8% in the second quarter. Strs Ohio now owns 29,200 shares of the oil and gas company’s stock worth $689,000 after acquiring an additional 2,600 shares during the period. Segall Bryant & Hamill LLC boosted its holdings in shares of Natural Gas Services Group by 24.1% in the second quarter. Segall Bryant & Hamill LLC now owns 29,897 shares of the oil and gas company’s stock worth $706,000 after acquiring an additional 5,797 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Natural Gas Services Group by 10.8% in the first quarter. California Public Employees Retirement System now owns 32,587 shares of the oil and gas company’s stock worth $777,000 after acquiring an additional 3,187 shares during the period. Putnam Investments LLC bought a new position in shares of Natural Gas Services Group in the second quarter worth $1,409,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Natural Gas Services Group by 14.2% in the second quarter. Victory Capital Management Inc. now owns 60,755 shares of the oil and gas company’s stock worth $1,434,000 after acquiring an additional 7,541 shares during the period. 90.98% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Natural Gas Services Group (NGS) Releases Earnings Results, Meets Expectations” was originally published by BBNS and is the property of of BBNS. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://baseballnewssource.com/2018/11/10/natural-gas-services-group-ngs-releases-earnings-results-meets-expectations/2972422.html.

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.

Featured Article: Discount Rate

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

Receive News & Ratings for Natural Gas Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Gas Services Group and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.