Natural Gas Services Group (NGS) Set to Announce Earnings on Thursday

Natural Gas Services Group (NYSE:NGS) will be posting its quarterly earnings results after the market closes on Thursday, November 14th. Analysts expect Natural Gas Services Group to post earnings of $0.23 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings data on Wednesday, August 14th. The oil and gas company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The company had revenue of $38.49 million during the quarter, compared to the consensus estimate of $36.79 million. Natural Gas Services Group had a net margin of 9.25% and a return on equity of 5.53%. During the same quarter in the prior year, the firm earned $0.10 earnings per share. On average, analysts expect Natural Gas Services Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Natural Gas Services Group Trading Up 12.8 %

NGS opened at $22.90 on Thursday. The firm’s fifty day simple moving average is $19.97 and its 200 day simple moving average is $20.57. The stock has a market capitalization of $285.56 million, a P/E ratio of 21.60 and a beta of 1.03. The company has a current ratio of 2.34, a quick ratio of 1.66 and a debt-to-equity ratio of 0.66. Natural Gas Services Group has a 12 month low of $12.75 and a 12 month high of $25.24.

Analyst Ratings Changes

A number of research analysts recently issued reports on NGS shares. Raymond James initiated coverage on Natural Gas Services Group in a report on Wednesday, August 7th. They set a “strong-buy” rating and a $27.00 price objective for the company. StockNews.com upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Friday, August 16th.

Insider Activity

In related news, Director Stephen Charles Taylor sold 3,181 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $22.00, for a total transaction of $69,982.00. Following the sale, the director now owns 548,387 shares in the company, valued at approximately $12,064,514. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 7.25% of the stock is owned by corporate insiders.

About Natural Gas Services Group

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.