Natural Gas Services Group (NYSE:NGS) issued its quarterly earnings results on Thursday. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, beating 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 company had revenue of $20.85 million during the quarter, compared to analysts’ expectations of $19.65 million.
Natural Gas Services Group stock traded down $0.19 during trading hours on Friday, hitting $11.16. The stock had a trading volume of 98,411 shares, compared to its average volume of 57,108. The stock has a market capitalization of $149.14 million, a P/E ratio of 139.50 and a beta of 1.32. Natural Gas Services Group has a 12-month low of $10.22 and a 12-month high of $21.21. The stock’s 50-day moving average price is $12.45 and its 200-day moving average price is $14.20.
A number of research analysts recently issued reports on the stock. Maxim Group reissued a “buy” rating and set a $18.00 price target (down from $24.00) on shares of Natural Gas Services Group in a research report on Wednesday, August 7th. Zacks Investment Research raised shares of Natural Gas Services Group from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Saturday. ValuEngine raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Imperial Capital lowered their price target on shares of Natural Gas Services Group from $21.00 to $18.00 and set an “outperform” rating for the company in a research 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. The stock currently has a consensus rating of “Buy” and an average price target 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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