Natural Gas Services Group, Inc. (NYSE:NGS – Get Free Report)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $44.27 and last traded at $44.0310, with a volume of 50748 shares traded. The stock had previously closed at $43.33.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on NGS shares. Zacks Research upgraded shares of Natural Gas Services Group from a “strong sell” rating to a “hold” rating in a report on Monday, May 18th. Stifel Nicolaus boosted their price objective on shares of Natural Gas Services Group from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Natural Gas Services Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.50.
Check Out Our Latest Stock Analysis on Natural Gas Services Group
Natural Gas Services Group Stock Down 3.0%
Natural Gas Services Group (NYSE:NGS – Get Free Report) last posted its earnings results on Monday, May 11th. The oil and gas company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.08. The company had revenue of $48.47 million for the quarter, compared to the consensus estimate of $47.09 million. Natural Gas Services Group had a return on equity of 7.99% and a net margin of 12.17%. Equities research analysts anticipate that Natural Gas Services Group, Inc. will post 2.02 earnings per share for the current year.
Natural Gas Services Group Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were paid a dividend of $0.15 per share. This is a boost from Natural Gas Services Group’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Wednesday, May 20th. This represents a $0.60 annualized dividend and a dividend yield of 1.4%. Natural Gas Services Group’s dividend payout ratio is presently 34.88%.
Institutional Investors Weigh In On Natural Gas Services Group
Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC increased its holdings in Natural Gas Services Group by 831.2% during the 1st quarter. NewEdge Advisors LLC now owns 12,776 shares of the oil and gas company’s stock valued at $281,000 after acquiring an additional 11,404 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Natural Gas Services Group by 5.5% in the first quarter. Empowered Funds LLC now owns 98,479 shares of the oil and gas company’s stock valued at $2,164,000 after purchasing an additional 5,125 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Natural Gas Services Group by 1.4% in the second quarter. Geode Capital Management LLC now owns 230,817 shares of the oil and gas company’s stock valued at $5,958,000 after purchasing an additional 3,221 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Natural Gas Services Group by 44.8% in the second quarter. JPMorgan Chase & Co. now owns 33,994 shares of the oil and gas company’s stock valued at $877,000 after purchasing an additional 10,525 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Natural Gas Services Group by 52.4% in the second quarter. Rhumbline Advisers now owns 16,770 shares of the oil and gas company’s stock valued at $433,000 after purchasing an additional 5,763 shares during the last quarter. 65.62% of the stock is owned by institutional investors and hedge funds.
Natural Gas Services Group Company Profile
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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