Natural Gas Services Group (NYSE:NGS) Issues Earnings Results, Beats Expectations By $0.03 EPS

Natural Gas Services Group (NYSE:NGS) posted its quarterly earnings data on Monday. The oil and gas company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03, Zacks reports. Natural Gas Services Group had a net margin of 10.55% and a return on equity of 6.60%.

Natural Gas Services Group Trading Up 4.6 %

Shares of NYSE:NGS traded up $1.04 during trading on Monday, reaching $23.68. 79,952 shares of the company were exchanged, compared to its average volume of 74,100. The firm has a market capitalization of $295.76 million, a PE ratio of 18.50 and a beta of 1.13. The business’s fifty day simple moving average is $26.02 and its 200-day simple moving average is $23.91. Natural Gas Services Group has a 12-month low of $16.70 and a 12-month high of $29.74. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th.

Insider Transactions at Natural Gas Services Group

In other news, Director Stephen Charles Taylor sold 19,400 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total transaction of $558,720.00. Following the transaction, the director now directly owns 438,387 shares in the company, valued at approximately $12,625,545.60. This trade represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.25% of the company’s stock.

Natural Gas Services Group Company Profile

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.