Natural Gas Services Group, Inc. (NYSE:NGS) Raises Dividend to $0.16 Per Share

Natural Gas Services Group, Inc. (NYSE:NGS) declared a quarterly dividend on Monday, November 9th. Stockholders of record on Thursday, November 19th will be given a dividend of $0.16 per share by the oil and gas company on Wednesday, December 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date is Thursday, November 19th. This is a 6.7% increase from Natural Gas Services Group’s previous quarterly dividend of $0.15.

Natural Gas Services Group Stock Up 5.5%

Natural Gas Services Group stock opened at $29.14 on Tuesday. The firm has a market cap of $375.96 million, a price-to-earnings ratio of 18.10 and a beta of 0.45. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.01 and a quick ratio of 1.12. Natural Gas Services Group has a fifty-two week low of $26.39 and a fifty-two week high of $44.60. The firm has a fifty day moving average price of $33.10 and a two-hundred day moving average price of $37.26.

Natural Gas Services Group (NYSE:NGS) last released its earnings results on Monday, November 9th. The oil and gas company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. Natural Gas Services Group had a net margin of 10.81% and a return on equity of 8.10%. The firm had revenue of $61.26 million during the quarter, compared to analysts’ expectations of $56.43 million. As a group, analysts forecast that Natural Gas Services Group will post 1.91 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NGS. Weiss Ratings cut Natural Gas Services Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, September 24th. Zacks Research downgraded shares of Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.50.

Natural Gas Services Group Company Profile

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.