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.
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.
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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.
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