Natural Gas Services Group (NYSE:NGS) Announces Quarterly Earnings Results

Key Points

• Natural Gas Services Group reported quarterly earnings of $0.41 per share, surpassing analysts' estimates of $0.32.
• The company also declared a quarterly dividend of $0.10, yielding 1.6% annually, with the payment scheduled for August 22nd.
• Insider trading activity included Director Stephen Charles Taylor selling 25,000 shares, reducing his ownership by 5.45% to 433,334 shares.

Natural Gas Services Group (NYSE:NGS - Get Free Report) announced its quarterly earnings results on Monday. The oil and gas company reported $0.41 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.09, Zacks reports. Natural Gas Services Group had a net margin of 10.53% and a return on equity of 6.99%.

Natural Gas Services Group Stock Up 2.5%

Shares of NGS stock traded up $0.62 during trading on Monday, reaching $25.40. The company's stock had a trading volume of 69,110 shares, compared to its average volume of 51,468. The business has a fifty day moving average price of $25.10 and a 200-day moving average price of $23.55. The company has a quick ratio of 1.33, a current ratio of 2.10 and a debt-to-equity ratio of 0.65. The company has a market cap of $318.20 million, a price-to-earnings ratio of 18.81 and a beta of 0.66. Natural Gas Services Group has a one year low of $16.73 and a one year high of $29.74.

Natural Gas Services Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Friday, August 8th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 8th. Natural Gas Services Group's payout ratio is currently 29.63%.

Insider Transactions at Natural Gas Services Group

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 25,000 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $24.90, for a total value of $622,500.00. Following the transaction, the director directly owned 433,334 shares in the company, valued at $10,790,016.60. The trade was a 5.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 7.25% of the company's stock.

Institutional Investors Weigh In On Natural Gas Services Group

Large investors have recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in Natural Gas Services Group by 831.2% during the first quarter. NewEdge Advisors LLC now owns 12,776 shares of the oil and gas company's stock worth $281,000 after buying an additional 11,404 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Natural Gas Services Group by 5.5% in the first quarter. Empowered Funds LLC now owns 98,479 shares of the oil and gas company's stock worth $2,164,000 after acquiring an additional 5,125 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Natural Gas Services Group by 1.4% in the second quarter. Geode Capital Management LLC now owns 230,817 shares of the oil and gas company's stock worth $5,958,000 after acquiring an additional 3,221 shares during the last quarter. 65.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NGS has been the subject of a number of recent research reports. Wall Street Zen raised shares of Natural Gas Services Group from a "sell" rating to a "hold" rating in a research report on Wednesday, May 21st. Stifel Nicolaus boosted their price objective on shares of Natural Gas Services Group from $32.00 to $33.00 and gave the company a "buy" rating in a research report on Friday, May 16th.

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.

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