Natural Gas Services Group (NYSE:NGS) Posts Earnings Results, Beats Expectations By $0.03 EPS

Natural Gas Services Group (NYSE:NGS) issued its quarterly earnings results on Monday. The oil and gas company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.03, Zacks reports. Natural Gas Services Group had a return on equity of 6.60% and a net margin of 10.55%.

Natural Gas Services Group Price Performance

Natural Gas Services Group stock traded up $1.04 during mid-day trading on Monday, hitting $23.68. The stock had a trading volume of 79,952 shares, compared to its average volume of 74,100. The firm has a market capitalization of $295.76 million, a P/E ratio of 18.50 and a beta of 1.13. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65. The firm’s 50 day moving average is $26.02 and its 200 day moving average is $23.91. Natural Gas Services Group has a one year low of $16.70 and a one year high of $29.74.

Insider Buying and Selling at Natural Gas Services Group

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 19,400 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total transaction of $558,720.00. Following the completion of the transaction, the director now owns 438,387 shares of the company’s stock, valued at $12,625,545.60. This represents a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.25% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th.

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.