Natural Gas Services Group (NYSE:NGS – Get Free Report) announced its earnings results on Monday. The oil and gas company reported $0.53 EPS for the quarter, beating the consensus estimate of $0.45 by $0.08, FiscalAI reports. Natural Gas Services Group had a return on equity of 7.43% and a net margin of 11.56%.The business had revenue of $48.47 million for the quarter, compared to analysts’ expectations of $47.09 million.
Natural Gas Services Group Trading Up 3.4%
Shares of Natural Gas Services Group stock traded up $1.33 on Monday, hitting $40.08. 75,847 shares of the company’s stock traded hands, compared to its average volume of 119,071. Natural Gas Services Group has a one year low of $21.23 and a one year high of $41.51. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.33 and a quick ratio of 1.49. The company has a fifty day moving average of $38.52 and a two-hundred day moving average of $34.73. The company has a market capitalization of $504.61 million, a price-to-earnings ratio of 25.53 and a beta of 0.43.
Analyst Upgrades and Downgrades
Several brokerages recently commented on NGS. Raymond James Financial cut Natural Gas Services Group from a “strong-buy” rating to an “outperform” rating and upped their target price for the company from $34.00 to $42.00 in a report on Tuesday, January 13th. Stifel Nicolaus upped their target price on Natural Gas Services Group from $39.00 to $44.00 and gave the company a “buy” rating in a report on Friday, March 20th. Finally, Zacks Research cut Natural Gas Services Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 24th. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $43.00.
Insider Activity at Natural Gas Services Group
In related news, Director Stephen Charles Taylor sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $37.23, for a total transaction of $1,116,900.00. Following the transaction, the director directly owned 175,432 shares of the company’s stock, valued at approximately $6,531,333.36. This represents a 14.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.08% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Deutsche Bank AG raised its stake in Natural Gas Services Group by 11.4% during the 4th quarter. Deutsche Bank AG now owns 8,165 shares of the oil and gas company’s stock worth $275,000 after buying an additional 836 shares during the period. Occudo Quantitative Strategies LP acquired a new position in Natural Gas Services Group during the 4th quarter worth approximately $266,000. Hsbc Holdings PLC acquired a new position in Natural Gas Services Group during the 4th quarter worth approximately $244,000. AQR Capital Management LLC acquired a new position in Natural Gas Services Group during the 4th quarter worth approximately $239,000. Finally, Man Group plc acquired a new position in Natural Gas Services Group during the 2nd quarter worth approximately $231,000. 65.62% of the stock is owned by institutional investors and hedge funds.
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.
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