Natural Gas Services Group (NYSE:NGS) issued its quarterly earnings results on Thursday. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.06, Fidelity Earnings reports. Natural Gas Services Group had a return on equity of 0.58% and a net margin of 1.25%. The firm had revenue of $20.85 million for the quarter, compared to analyst estimates of $19.65 million.
Shares of NGS stock traded down $0.19 during trading hours on Friday, hitting $11.16. The company had a trading volume of 98,411 shares, compared to its average volume of 57,108. Natural Gas Services Group has a 12 month low of $10.22 and a 12 month high of $21.21. The firm has a market capitalization of $149.14 million, a price-to-earnings ratio of 139.50 and a beta of 1.32. The firm’s fifty day moving average is $12.45 and its 200 day moving average is $14.20.
Several equities analysts recently issued reports on the company. ValuEngine upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research upgraded Natural Gas Services Group from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Saturday. Maxim Group restated a “buy” rating and set a $18.00 price target (down from $24.00) on shares of Natural Gas Services Group in a research note on Wednesday, August 7th. Finally, Imperial Capital lowered their price target on Natural Gas Services Group from $21.00 to $18.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Natural Gas Services Group presently has an average rating of “Buy” and an average price target of $18.00.
Natural Gas Services Group Company Profile
Natural Gas Services Group, Inc provides small to medium horsepower compression equipment to the natural gas 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, 2018, it had 2,572 natural gas compressors in its rental fleet totaling 398,765 horsepower.
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