Natural Gas Services Group, Inc. (NYSE:NGS) Raises Dividend to $0.15 Per Share

Natural Gas Services Group, Inc. (NYSE:NGS) declared a quarterly dividend on Monday, May 11th. Shareholders of record on Wednesday, May 20th will be given a dividend of 0.15 per share by the oil and gas company on Wednesday, June 3rd. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, May 20th. This is a 36.4% increase from Natural Gas Services Group’s previous quarterly dividend of $0.11.

Natural Gas Services Group Stock Up 3.4%

Natural Gas Services Group stock opened at $40.08 on Tuesday. The firm has a market capitalization of $504.61 million, a P/E ratio of 25.53 and a beta of 0.43. The company has a current ratio of 2.33, a quick ratio of 1.49 and a debt-to-equity ratio of 0.84. Natural Gas Services Group has a twelve month low of $21.23 and a twelve month high of $41.51. The stock’s fifty day simple moving average is $38.56 and its 200-day simple moving average is $34.90.

Natural Gas Services Group (NYSE:NGS) last released its earnings results on Monday, May 11th. The oil and gas company reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.08. Natural Gas Services Group had a return on equity of 7.43% and a net margin of 11.56%.The firm had revenue of $48.47 million during the quarter, compared to analyst estimates of $47.09 million. As a group, equities analysts expect that Natural Gas Services Group will post 1.96 earnings per share for the current fiscal year.

About Natural Gas Services Group

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.