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

Key Points

• Natural Gas Services Group beat quarterly expectations: Earnings per share came in at $0.47 versus the $0.40 consensus estimate, while revenue reached $51.40 million, exceeding forecasts of $50.24 million. Net margin was 12.17% and return on equity was 7.99%.
• Shares rose 0.2% to $37.10, giving the company a market capitalization of approximately $467.5 million. Institutional investors and hedge funds own 65.62% of the stock.
• Analyst sentiment remains positive: Recent firms raised ratings or price targets, and the stock has an average “Buy” rating with a consensus price target of $50.50.

Natural Gas Services Group (NYSE:NGS - Get Free Report) announced its quarterly earnings results on Monday. The oil and gas company reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.40 by $0.07, FiscalAI reports. 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 analysts' expectations of $50.24 million.

Natural Gas Services Group Stock Up 0.2%

Shares of Natural Gas Services Group stock traded up $0.09 on Monday, hitting $37.10. The company had a trading volume of 88,043 shares, compared to its average volume of 123,945. The firm has a market capitalization of $467.46 million, a P/E ratio of 21.57 and a beta of 0.42. Natural Gas Services Group has a twelve month low of $23.17 and a twelve month high of $44.60. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.70 and a quick ratio of 1.77. The stock has a 50-day moving average of $39.97 and a 200-day moving average of $38.91.

Institutional Investors Weigh In On Natural Gas Services Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Zions Bancorporation National Association UT acquired a new position in Natural Gas Services Group in the 4th quarter worth $27,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Natural Gas Services Group in the 4th quarter valued at about $114,000. Royal Bank of Canada raised its stake in shares of Natural Gas Services Group by 20.1% in the 4th quarter. Royal Bank of Canada now owns 4,602 shares of the oil and gas company's stock valued at $154,000 after purchasing an additional 771 shares during the period. Steward Partners Investment Advisory LLC lifted its holdings in shares of Natural Gas Services Group by 437.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,965 shares of the oil and gas company's stock valued at $167,000 after purchasing an additional 4,042 shares in the last quarter. Finally, Mangrove Partners IM LLC acquired a new position in shares of Natural Gas Services Group during the fourth quarter worth about $209,000. 65.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Zacks Research raised Natural Gas Services Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 10th. Raymond James Financial boosted 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. Weiss Ratings restated a "buy (b)" rating on shares of Natural Gas Services Group in a report on Monday, June 29th. Finally, Stifel Nicolaus increased their price target on Natural Gas Services Group from $44.00 to $47.00 and gave the stock a "buy" rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $50.50.

Natural Gas Services Group Company Profile

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.

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