Natural Gas Services Group (NYSE:NGS) posted its quarterly earnings data on Thursday. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.06, Fidelity Earnings reports. The company had revenue of $20.85 million during the quarter, compared to analyst estimates of $19.65 million. Natural Gas Services Group had a return on equity of 0.58% and a net margin of 1.25%.
NYSE:NGS traded down $0.19 during trading hours on Friday, hitting $11.16. 98,411 shares of the company’s stock traded hands, compared to its average volume of 57,108. The firm has a market cap of $149.14 million, a P/E ratio of 139.50 and a beta of 1.32. Natural Gas Services Group has a 52 week low of $10.22 and a 52 week high of $21.21. The business’s fifty day simple moving average is $12.45 and its two-hundred day simple moving average is $14.20.
Several equities research analysts recently issued reports on NGS shares. ValuEngine raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Imperial Capital dropped their price objective on Natural Gas Services Group from $21.00 to $18.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Zacks Investment Research raised Natural Gas Services Group from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Saturday. Finally, Maxim Group reissued a “buy” rating and set a $18.00 price objective (down previously from $24.00) on shares of Natural Gas Services Group in a research note on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Natural Gas Services Group has a consensus rating of “Buy” and an average price target of $18.00.
About Natural Gas Services Group
Natural Gas Services Group, Inc provides small to medium horsepower compression equipment to the natural gas industry in the United States. The company engages in the rental of small to medium horsepower compression equipment to non-conventional natural gas and oil production businesses. As of December 31, 2018, it had 2,572 natural gas compressors in its rental fleet totaling 398,765 horsepower.
Read More: Average Daily Trade Volume Explained
Receive News & Ratings for Natural Gas Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Gas Services Group and related companies with MarketBeat.com's FREE daily email newsletter.