Natural Gas Services Group (NYSE:NGS) announced its earnings results on Thursday. The oil and gas company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.04 by $0.06, Fidelity Earnings reports. The firm had revenue of $20.85 million for the quarter, compared to the consensus estimate of $19.65 million. Natural Gas Services Group had a net margin of 1.25% and a return on equity of 0.58%.
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NGS stock traded down $0.19 during mid-day trading on Friday, hitting $11.16. 98,411 shares of the company were exchanged, compared to its average volume of 57,108. Natural Gas Services Group has a 1-year low of $10.22 and a 1-year high of $21.21. The firm has a market cap of $149.14 million, a P/E ratio of 139.50 and a beta of 1.32. The firm’s 50 day simple moving average is $12.45 and its 200 day simple moving average is $14.20.
Several analysts have commented on NGS shares. ValuEngine upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Maxim Group restated a “buy” rating and set a $18.00 target price (down from $24.00) on shares of Natural Gas Services Group in a report on Wednesday, August 7th. Zacks Investment Research upgraded shares of 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. Finally, Imperial Capital dropped their target price on shares of 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price 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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