Natural Gas Services Group (NYSE:NGS) Announces Earnings Results, Beats Estimates By $0.02 EPS

Natural Gas Services Group (NYSE:NGS) issued its quarterly earnings data on Monday. The oil and gas company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02, Zacks reports. Natural Gas Services Group had a return on equity of 6.60% and a net margin of 10.55%. The company had revenue of $40.66 million during the quarter, compared to analysts’ expectations of $40.84 million. During the same quarter in the previous year, the company posted $0.14 earnings per share.

Natural Gas Services Group Trading Down 7.7 %

Shares of NYSE:NGS opened at $21.82 on Wednesday. Natural Gas Services Group has a 12-month low of $16.70 and a 12-month high of $29.74. The stock has a market cap of $272.47 million, a PE ratio of 17.04 and a beta of 1.13. The business has a 50 day moving average of $25.86 and a 200-day moving average of $23.92. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.65.

Analyst Ratings Changes

Separately, StockNews.com cut Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Tuesday.

Insider Activity at Natural Gas Services Group

In related news, Director Stephen Charles Taylor sold 19,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total value of $558,720.00. Following the completion of the sale, the director now directly owns 438,387 shares in the company, valued at approximately $12,625,545.60. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 7.25% of the stock is currently owned by corporate insiders.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.