Natural Gas Services Group (NYSE:NGS) announced its quarterly earnings data on Thursday. The oil and gas company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.06, Fidelity Earnings reports. The firm had revenue of $20.85 million during the quarter, compared to the consensus estimate of $19.65 million. Natural Gas Services Group had a net margin of 1.25% and a return on equity of 0.58%.
Shares of NGS stock traded down $0.19 during midday trading on Friday, reaching $11.16. 98,411 shares of the company traded hands, compared to its average volume of 57,108. The firm’s 50 day simple moving average is $12.45 and its two-hundred day simple moving average is $14.20. Natural Gas Services Group has a 1-year low of $10.22 and a 1-year high of $21.21. The firm has a market cap of $149.14 million, a PE ratio of 139.50 and a beta of 1.32.
A number of brokerages recently commented on NGS. Zacks Investment Research upgraded shares of Natural Gas Services Group from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research report on Saturday. Maxim Group restated a “buy” rating and issued a $18.00 price objective (down previously from $24.00) on shares of Natural Gas Services Group in a research report on Wednesday, August 7th. Imperial Capital reduced their price objective on shares of Natural Gas Services Group from $21.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, ValuEngine upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $18.00.
Natural Gas Services Group, Inc provides small to medium horsepower compression equipment to the natural gas 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, 2018, it had 2,572 natural gas compressors in its rental fleet totaling 398,765 horsepower.
Further Reading: Oversold
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