Natural Gas Services Group (NYSE:NGS) posted its earnings results on Thursday. The oil and gas company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.06, Fidelity Earnings reports. Natural Gas Services Group had a return on equity of 0.58% and a net margin of 1.25%. The company had revenue of $20.85 million for the quarter, compared to analyst estimates of $19.65 million.
Shares of NGS stock traded down $0.19 during trading hours on Friday, reaching $11.16. The company had a trading volume of 98,411 shares, compared to its average volume of 57,108. Natural Gas Services Group has a 12 month low of $10.22 and a 12 month high of $21.21. The business has a fifty day simple moving average of $12.45 and a 200-day simple moving average of $14.20. The company has a market cap of $149.14 million, a price-to-earnings ratio of 139.50 and a beta of 1.32.
A number of research analysts have recently weighed in on the company. ValuEngine upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Zacks Investment Research upgraded Natural Gas Services Group from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Saturday. Imperial Capital dropped their target price on Natural Gas Services Group from $21.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Maxim Group restated a “buy” rating and issued a $18.00 target price (down previously from $24.00) on shares of Natural Gas Services Group in a report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $18.00.
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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