Natural Gas Services Group (NYSE:NGS) issued its quarterly earnings data on Thursday. The oil and gas company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.06, Fidelity Earnings reports. Natural Gas Services Group had a net margin of 1.25% and a return on equity of 0.58%. The firm had revenue of $20.85 million for the quarter, compared to analyst estimates of $19.65 million.
NYSE:NGS traded down $0.19 during mid-day trading on Friday, reaching $11.16. 98,411 shares of the company were exchanged, 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 company has a fifty day moving average of $12.45 and a 200 day moving average of $14.20. The stock has a market cap of $149.14 million, a PE ratio of 139.50 and a beta of 1.32.
A number of brokerages have commented on NGS. Imperial Capital decreased their price objective 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. Maxim Group reissued a “buy” rating and set a $18.00 price objective (down previously from $24.00) on shares of Natural Gas Services Group in a report on Wednesday, August 7th. ValuEngine raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Zacks Investment Research raised shares of Natural Gas Services Group from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Saturday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus 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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