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

Natural Gas Services Group (NYSE:NGS - Get Free Report) released its quarterly earnings data on Monday. The oil and gas company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.11, Zacks reports. The firm had revenue of $41.38 million during the quarter, compared to the consensus estimate of $40.52 million. Natural Gas Services Group had a return on equity of 6.60% and a net margin of 10.55%.

Natural Gas Services Group Stock Performance

NGS stock traded down $0.18 during midday trading on Friday, reaching $24.91. The company had a trading volume of 65,370 shares, compared to its average volume of 74,685. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.65. The stock has a 50 day moving average price of $20.49 and a 200 day moving average price of $24.00. Natural Gas Services Group has a fifty-two week low of $16.70 and a fifty-two week high of $29.74. The firm has a market capitalization of $312.06 million, a PE ratio of 19.46 and a beta of 0.53.

Insider Buying and Selling at Natural Gas Services Group

In other news, Director Stephen Charles Taylor sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $24.90, for a total transaction of $622,500.00. Following the completion of the transaction, the director now directly owns 433,334 shares in the company, valued at approximately $10,790,016.60. The trade was a 5.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.08% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Natural Gas Services Group

An institutional investor recently raised its position in Natural Gas Services Group stock. NewEdge Advisors LLC boosted its position in Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) by 831.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,776 shares of the oil and gas company's stock after purchasing an additional 11,404 shares during the period. NewEdge Advisors LLC owned approximately 0.10% of Natural Gas Services Group worth $281,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 65.62% of the company's stock.

Analysts Set New Price Targets

NGS has been the subject of a number of recent analyst reports. StockNews.com downgraded Natural Gas Services Group from a "hold" rating to a "sell" rating in a research report on Tuesday. Raymond James restated a "strong-buy" rating and set a $32.00 price objective (down previously from $33.00) on shares of Natural Gas Services Group in a research note on Wednesday, March 19th. Finally, Stifel Nicolaus lifted their target price on Natural Gas Services Group from $32.00 to $33.00 and gave the stock a "buy" rating in a research report on Friday.

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.