Natural Gas Services Group (NYSE:NGS) Releases Quarterly Earnings Results

Natural Gas Services Group (NYSE:NGS) announced its quarterly earnings results on Monday. The oil and gas company reported earnings of $0.29 per share (EPS) for the quarter, surpassing the analysts' expectations of $0.26 by $0.03, according to reports from Zacks. The company also demonstrated a net margin of 10.55% and a return on equity of 6.60%. In terms of revenue, Natural Gas Services Group generated $40.66 million during the quarter, which is slightly lower than the consensus estimate of $40.84 million. Comparatively, during the same period last year, the company reported an EPS of $0.14.

Natural Gas Services Group Stock Performance

On the stock market, shares of Natural Gas Services Group experienced a decline of $1.82 on Tuesday, bringing the stock price to $21.82. A total of 104,807 shares were traded, surpassing the average trading volume of 74,323. The company's 50-day moving average is calculated to be $25.96, while its 200-day moving average stands at $23.92. With a market capitalization of $272.47 million, Natural Gas Services Group has a price-to-earnings ratio of 17.04 and a beta of 1.13. The financial ratios indicate a quick ratio of 1.16 and a current ratio of 1.76, alongside a debt-to-equity ratio of 0.65. The stock has a one-year low of $16.70 and a one-year high of $29.74.

Analysts Set New Price Targets

In other developments, StockNews.com upgraded Natural Gas Services Group from a "sell" rating to a "hold" rating in a report published on Wednesday, November 20th.

Insider Buying and Selling

Additionally, there was noteworthy insider activity as Director Stephen Charles Taylor sold 19,400 shares of company stock on January 21st. The shares were sold at an average price of $28.80, totaling $558,720. After the transaction, the director holds a total of 438,387 shares, valued at approximately $12,625,545.60, indicating a 4.24% reduction in their stake. This transaction was formally disclosed in a legal filing with the SEC, which is publicly available. Corporate insiders currently own 7.25% of the company’s stock.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc. specializes in providing natural gas compression equipment and services within the energy sector in the United States. The company is involved in engineering and fabricating, operating, renting, and maintaining natural gas compressors for oil and natural gas production as well as plant facilities. Additionally, it designs, fabricates, and assembles compressor units available for rental or sale, and manufactures a range of reciprocating natural gas compressor frames, cylinders, and parts.

earnings, gas, investment