Natural Gas Services Group (NYSE:NGS) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Natural Gas Services Group (NYSE:NGS) issued its earnings results on Monday. The oil and gas company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.03, Zacks reports. Natural Gas Services Group had a net margin of 10.55% and a return on equity of 6.60%.

Natural Gas Services Group Price Performance

Shares of NYSE NGS traded up $1.04 during mid-day trading on Monday, hitting $23.68. 79,967 shares of the company’s stock traded hands, compared to its average volume of 79,203. The company’s 50-day moving average is $26.02 and its two-hundred day moving average is $23.91. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. Natural Gas Services Group has a 1 year low of $16.70 and a 1 year high of $29.74. The company has a market capitalization of $295.76 million, a P/E ratio of 18.50 and a beta of 1.13.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th.

Insider Buying and Selling at Natural Gas Services Group

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 19,400 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total transaction of $558,720.00. Following the transaction, the director now owns 438,387 shares in the company, valued at $12,625,545.60. The trade was a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 7.25% of the company’s stock.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.