Natural Gas Services Group (NYSE:NGS – Get Free Report) issued its quarterly earnings data on Monday. The oil and gas company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.40 by $0.07, FiscalAI reports. Natural Gas Services Group had a return on equity of 7.99% and a net margin of 12.17%.The firm had revenue of $51.40 million during the quarter, compared to the consensus estimate of $50.24 million.
Natural Gas Services Group Stock Performance
Shares of NGS stock traded up $0.09 during trading on Monday, hitting $37.10. The company’s stock had a trading volume of 88,043 shares, compared to its average volume of 123,945. The company has a current ratio of 2.70, a quick ratio of 1.77 and a debt-to-equity ratio of 0.81. The company has a market cap of $467.46 million, a PE ratio of 21.57 and a beta of 0.42. The business has a fifty day moving average of $39.97 and a 200-day moving average of $38.91. Natural Gas Services Group has a 52 week low of $23.17 and a 52 week high of $44.60.
Analysts Set New Price Targets
Several research analysts recently issued reports on NGS shares. Stifel Nicolaus lifted their target price on Natural Gas Services Group from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Raymond James Financial increased their price target on Natural Gas Services Group from $53.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, July 10th. Zacks Research upgraded Natural Gas Services Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Natural Gas Services Group in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $50.50.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC grew its stake in Natural Gas Services Group by 831.2% in the 1st quarter. NewEdge Advisors LLC now owns 12,776 shares of the oil and gas company’s stock valued at $281,000 after purchasing an additional 11,404 shares during the period. Empowered Funds LLC raised its stake in shares of Natural Gas Services Group by 5.5% during the 1st quarter. Empowered Funds LLC now owns 98,479 shares of the oil and gas company’s stock worth $2,164,000 after purchasing an additional 5,125 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Natural Gas Services Group by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 230,817 shares of the oil and gas company’s stock worth $5,958,000 after buying an additional 3,221 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Natural Gas Services Group by 44.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 33,994 shares of the oil and gas company’s stock worth $877,000 after buying an additional 10,525 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Natural Gas Services Group by 52.4% in the 2nd quarter. Rhumbline Advisers now owns 16,770 shares of the oil and gas company’s stock worth $433,000 after buying an additional 5,763 shares during the last quarter. Hedge funds and other institutional investors own 65.62% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Natural Gas Services Group
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
- First Solar’s Profit Engine Faces a New Policy Test in Washington
Receive News & Ratings for Natural Gas Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Gas Services Group and related companies with MarketBeat.com's FREE daily email newsletter.
-inc-logo-1200x675.jpg){kind=logo}
