Natural Gas Services Group, Inc. (NGS) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS
Natural Gas Services Group, Inc. (NYSE:NGS) announced its earnings results on Thursday. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01), Briefing.com reports. The company had revenue of $15.91 million for the quarter, compared to the consensus estimate of $18.05 million. Natural Gas Services Group had a return on equity of 0.98% and a net margin of 3.41%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 earnings per share.
Shares of Natural Gas Services Group (NYSE:NGS) traded down $0.35 during trading on Friday, reaching $27.45. The company’s stock had a trading volume of 24,972 shares, compared to its average volume of 20,159. The stock has a market capitalization of $361.60 million, a price-to-earnings ratio of 155.28 and a beta of 1.33.
In other news, CEO Stephen Charles Taylor sold 3,874 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $28.58, for a total value of $110,718.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP James R. Hazlett sold 12,350 shares of the firm’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $28.02, for a total transaction of $346,047.00. Following the completion of the sale, the vice president now owns 50,375 shares of the company’s stock, valued at approximately $1,411,507.50. The disclosure for this sale can be found here. Company insiders own 6.88% of the company’s stock.
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NGS has been the subject of several analyst reports. ValuEngine lowered Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Seaport Global Securities reaffirmed a “buy” rating on shares of Natural Gas Services Group in a research report on Friday, August 4th. Zacks Investment Research lowered Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Finally, Imperial Capital initiated coverage on Natural Gas Services Group in a research report on Wednesday, August 23rd. They set an “outperform” rating and a $27.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.67.
About Natural Gas Services Group
Natural Gas Services Group, Inc is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales.
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