Natural Gas Services Group (NGS) Releases Quarterly Earnings Results, Hits Expectations

Natural Gas Services Group (NYSE:NGS) released its quarterly earnings data on Thursday. The oil and gas company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02, MarketWatch Earnings reports. Natural Gas Services Group had a return on equity of 0.53% and a net margin of 30.05%. The company had revenue of $16.40 million for the quarter, compared to analysts’ expectations of $18.27 million.

NGS stock traded down $0.10 during trading on Friday, reaching $20.00. The stock had a trading volume of 48,824 shares, compared to its average volume of 47,169. Natural Gas Services Group has a 52 week low of $17.50 and a 52 week high of $29.35. The company has a market cap of $254.40 million, a price-to-earnings ratio of 181.82 and a beta of 1.32.

In other Natural Gas Services Group news, CEO Stephen Charles Taylor sold 1,306 shares of the stock in a transaction dated Thursday, August 23rd. The stock was sold at an average price of $22.51, for a total value of $29,398.06. Following the transaction, the chief executive officer now owns 319,982 shares of the company’s stock, valued at $7,202,794.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 21,106 shares of company stock worth $466,551. 6.61% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the business. Acuitas Investments LLC lifted its holdings in Natural Gas Services Group by 64.2% in the third quarter. Acuitas Investments LLC now owns 167,619 shares of the oil and gas company’s stock valued at $3,537,000 after acquiring an additional 65,557 shares during the period. BlackRock Inc. lifted its holdings in Natural Gas Services Group by 0.6% in the third quarter. BlackRock Inc. now owns 919,595 shares of the oil and gas company’s stock valued at $19,404,000 after acquiring an additional 5,884 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Natural Gas Services Group by 9.3% in the third quarter. JPMorgan Chase & Co. now owns 154,987 shares of the oil and gas company’s stock worth $3,271,000 after buying an additional 13,247 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Natural Gas Services Group by 30.3% in the third quarter. Russell Investments Group Ltd. now owns 113,372 shares of the oil and gas company’s stock worth $2,392,000 after buying an additional 26,335 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Natural Gas Services Group by 8.8% in the second quarter. California Public Employees Retirement System now owns 35,445 shares of the oil and gas company’s stock worth $837,000 after buying an additional 2,858 shares during the period. 90.98% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on NGS shares. ValuEngine raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Zacks Investment Research raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Finally, Seaport Global Securities set a $24.00 price objective on Natural Gas Services Group and gave the company a “buy” rating in a research report on Friday, August 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Natural Gas Services Group currently has a consensus rating of “Buy” and an average target price of $55.33.

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Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides gas compression equipment and services to the natural gas and oil industry in the United States. The company engages in the rental of small to medium horsepower compression equipment to non-conventional natural gas and oil production businesses. As of December 31, 2017, it had 2,546 natural gas compressors in its rental fleet totaling 369,961 horsepower.

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Earnings History for Natural Gas Services Group (NYSE:NGS)

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