Natural Gas Services Group (NYSE:NGS) Announces Quarterly Earnings Results

Natural Gas Services Group (NYSE:NGS) announced its quarterly earnings results on Monday. The oil and gas company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04, FiscalAI reports. 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 for the quarter, compared to analyst estimates of $56.43 million.

Natural Gas Services Group Trading Up 5.5%

Shares of NYSE:NGS opened at $29.14 on Tuesday. Natural Gas Services Group has a 52-week low of $26.39 and a 52-week high of $44.60. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.12 and a current ratio of 2.01. The company has a market capitalization of $375.96 million, a P/E ratio of 18.10 and a beta of 0.45. The company has a 50-day simple moving average of $33.10 and a 200 day simple moving average of $37.26.

Natural Gas Services Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Stockholders of record on Thursday, November 19th will be paid a dividend of $0.16 per share. The ex-dividend date is Thursday, November 19th. This represents a $0.64 annualized dividend and a dividend yield of 2.2%. This is a boost from Natural Gas Services Group’s previous quarterly dividend of $0.15. Natural Gas Services Group’s dividend payout ratio (DPR) is presently 37.27%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. 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 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 stock. According to MarketBeat.com, Natural Gas Services Group currently has a consensus 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.