Natural Gas Services Group, Inc. (NYSE:NGS) to Issue Quarterly Dividend of $0.15

Key Points

• Natural Gas Services Group declared a quarterly dividend of $0.15 per share, payable September 2 to shareholders of record on August 19. The dividend represents an annualized yield of approximately 1.6%.
• The company beat quarterly earnings expectations, reporting $0.47 in EPS versus the $0.40 consensus estimate, while revenue of $51.4 million also exceeded forecasts.
• Analyst sentiment remains positive: Raymond James and Stifel raised their price targets, while the stock carries an average “Buy” rating and a consensus price target of $50.50.

Natural Gas Services Group, Inc. (NYSE:NGS - Get Free Report) declared a quarterly dividend on Monday, August 10th. Investors of record on Wednesday, August 19th will be paid a dividend of 0.15 per share by the oil and gas company on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, August 19th.

Natural Gas Services Group Stock Up 0.2%

NGS stock opened at $37.10 on Tuesday. The firm has a market cap of $467.39 million, a price-to-earnings ratio of 21.57 and a beta of 0.42. Natural Gas Services Group has a 1-year low of $23.17 and a 1-year high of $44.60. The firm has a fifty day moving average price of $39.92 and a two-hundred day moving average price of $38.93. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.70 and a quick ratio of 1.77.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The oil and gas company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.07. Natural Gas Services Group had a net margin of 12.17% and a return on equity of 7.99%. The company had revenue of $51.40 million for the quarter, compared to the consensus estimate of $50.24 million. Research analysts predict that Natural Gas Services Group will post 2.05 EPS for the current year.

Wall Street Analyst Weigh In

NGS has been the subject of a number of research reports. Raymond James Financial lifted their target price on Natural Gas Services Group from $53.00 to $54.00 and gave the company an "outperform" rating in a research note on Friday, July 10th. Zacks Research upgraded Natural Gas Services Group from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 10th. Weiss Ratings reissued a "buy (b)" rating on shares of Natural Gas Services Group in a report on Monday, June 29th. Finally, Stifel Nicolaus boosted their price objective on Natural Gas Services Group from $44.00 to $47.00 and gave the company a "buy" rating in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat, Natural Gas Services Group has an average rating of "Buy" and an average price target of $50.50.

About Natural Gas Services Group

Natural Gas Services Group, Inc NYSE: NGS is an energy infrastructure company specializing in natural gas distribution and compression services across the United States. The company operates two primary lines of business: the Distribution segment provides natural gas delivery to residential, commercial and industrial customers, while the Compression Services segment rents, sells and services a diversified fleet of compression equipment for midstream and industrial applications.

In its Distribution segment, Natural Gas Services Group engineers, constructs and maintains local pipeline networks, meters and related apparatus to ensure safe and reliable natural gas supply to municipal utilities and private customers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source