Natural Gas Services Group (NYSE:NGS) Posts Earnings Results, Beats Estimates By $0.06 EPS

Natural Gas Services Group (NYSE:NGS) released its earnings results on Thursday, November 7th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.06, Fidelity Earnings reports. Natural Gas Services Group had a positive return on equity of 1.00% and a negative net margin of 15.46%. The firm had revenue of $20.85 million for the quarter, compared to analyst estimates of $19.65 million.

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Shares of NYSE:NGS traded down $0.16 during midday trading on Friday, reaching $11.18. The company had a trading volume of 52,573 shares, compared to its average volume of 94,257. Natural Gas Services Group has a 1-year low of $10.22 and a 1-year high of $21.09. The firm has a market cap of $152.75 million, a price-to-earnings ratio of 56.70 and a beta of 1.32. The company has a fifty day simple moving average of $12.16 and a two-hundred day simple moving average of $14.02.

A number of equities analysts recently weighed in on NGS shares. Maxim Group reiterated a “buy” rating and issued a $18.00 price target (down previously from $24.00) on shares of Natural Gas Services Group in a research report on Wednesday, August 7th. Zacks Investment Research lowered Natural Gas Services Group from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. TheStreet lowered Natural Gas Services Group from a “c-” rating to a “d+” rating in a research report on Friday, November 8th. Finally, Imperial Capital decreased their price target on Natural Gas Services Group from $21.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. 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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Earnings History for Natural Gas Services Group (NYSE:NGS)

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