Natural Gas Services Group, Inc. (NGS) To Go Ex-Dividend on August 19th

Natural Gas Services Group, Inc. (NYSE:NGS) declared a quarterly dividend on Monday, August 10th. Shareholders of record on Wednesday, August 19th will be paid a dividend of 0.15 per share by the oil and gas company on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Wednesday, August 19th.

Natural Gas Services Group Stock Down 1.1%

Natural Gas Services Group stock opened at $36.55 on Wednesday. The company has a 50 day moving average of $39.84 and a 200-day moving average of $38.94. The company has a quick ratio of 1.77, a current ratio of 2.70 and a debt-to-equity ratio of 0.81. Natural Gas Services Group has a twelve month low of $23.17 and a twelve month high of $44.60. The stock has a market capitalization of $460.47 million, a PE ratio of 22.70 and a beta of 0.42.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings data on Monday, August 10th. The oil and gas company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $51.40 million for the quarter, compared to analyst estimates of $50.24 million. Natural Gas Services Group had a net margin of 10.81% and a return on equity of 8.24%. On average, equities research analysts anticipate that Natural Gas Services Group will post 2.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC lifted its position in Natural Gas Services Group by 831.2% during the 1st quarter. NewEdge Advisors LLC now owns 12,776 shares of the oil and gas company’s stock worth $281,000 after buying an additional 11,404 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Natural Gas Services Group by 5.5% during the 1st quarter. Empowered Funds LLC now owns 98,479 shares of the oil and gas company’s stock worth $2,164,000 after buying an additional 5,125 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Natural Gas Services Group by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 230,817 shares of the oil and gas company’s stock valued at $5,958,000 after acquiring an additional 3,221 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Natural Gas Services Group by 44.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 33,994 shares of the oil and gas company’s stock valued at $877,000 after acquiring an additional 10,525 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Natural Gas Services Group by 52.4% in the second quarter. Rhumbline Advisers now owns 16,770 shares of the oil and gas company’s stock valued at $433,000 after acquiring an additional 5,763 shares during the last quarter. Institutional investors own 65.62% of the company’s stock.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc (NYSE: NGS) is an energy infrastructure company specializing in natural gas distribution and compression services across the United States. The company operates two primary lines of business: the Distribution segment provides natural gas delivery to residential, commercial and industrial customers, while the Compression Services segment rents, sells and services a diversified fleet of compression equipment for midstream and industrial applications.

In its Distribution segment, Natural Gas Services Group engineers, constructs and maintains local pipeline networks, meters and related apparatus to ensure safe and reliable natural gas supply to municipal utilities and private customers.