Natural Gas Services Group (NYSE:NGS – Get Free Report) issued its earnings results on Monday. The oil and gas company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04, FiscalAI reports. The company had revenue of $61.26 million for the quarter, compared to analysts’ expectations of $56.43 million. Natural Gas Services Group had a net margin of 10.81% and a return on equity of 8.10%.
Natural Gas Services Group Trading Up 5.5%
Shares of Natural Gas Services Group stock traded up $1.52 on Monday, hitting $29.14. The stock had a trading volume of 134,626 shares, compared to its average volume of 120,687. The company has a quick ratio of 1.12, a current ratio of 2.01 and a debt-to-equity ratio of 1.11. Natural Gas Services Group has a one year low of $26.39 and a one year high of $44.60. The stock has a market cap of $375.96 million, a price-to-earnings ratio of 18.10 and a beta of 0.45. The stock’s 50-day simple moving average is $33.21 and its two-hundred day simple moving average is $37.29.
Wall Street Analysts Forecast Growth
NGS has been the subject of several analyst reports. Weiss Ratings lowered shares of Natural Gas Services Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 24th. Zacks Research downgraded Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $50.50.
About Natural Gas Services Group
Natural Gas Services Group, Inc provides natural gas compression equipment and services to oil and natural gas producers, processors and pipeline companies. The company designs, fabricates, sells and rents natural gas compressors used to maintain pressure and improve the flow of natural gas from production wells and through gathering and processing systems.
The company’s offerings include compressor packages, contract compression services, equipment fabrication and engineering support.
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