Natural Gas Services Group (NYSE:NGS) released its quarterly earnings results on Thursday. The oil and gas company reported $0.02 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02, MarketWatch Earnings reports. Natural Gas Services Group had a return on equity of 0.53% and a net margin of 30.05%. The business had revenue of $16.40 million for the quarter, compared to analysts’ expectations of $18.27 million.
Shares of NYSE:NGS traded down $0.10 during trading on Friday, hitting $20.00. The company’s stock had a trading volume of 48,800 shares, compared to its average volume of 31,724. Natural Gas Services Group has a fifty-two week low of $17.50 and a fifty-two week high of $29.35. The stock has a market cap of $248.90 million, a price-to-earnings ratio of 181.82 and a beta of 1.32.
Several research analysts recently commented on NGS shares. ValuEngine upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Zacks Investment Research upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 18th. Finally, Seaport Global Securities set a $24.00 price target on Natural Gas Services Group and gave the stock a “buy” rating in a research note on Friday, August 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $55.33.
In related news, CEO Stephen Charles Taylor sold 13,776 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $22.01, for a total value of $303,209.76. Following the transaction, the chief executive officer now owns 330,438 shares in the company, valued at $7,272,940.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 21,106 shares of company stock worth $466,551. Insiders own 6.61% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in NGS. Strs Ohio raised its stake in Natural Gas Services Group by 9.8% during the second quarter. Strs Ohio now owns 29,200 shares of the oil and gas company’s stock valued at $689,000 after buying an additional 2,600 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in Natural Gas Services Group by 24.1% during the second quarter. Segall Bryant & Hamill LLC now owns 29,897 shares of the oil and gas company’s stock valued at $706,000 after buying an additional 5,797 shares in the last quarter. California Public Employees Retirement System raised its stake in Natural Gas Services Group by 10.8% during the first quarter. California Public Employees Retirement System now owns 32,587 shares of the oil and gas company’s stock valued at $777,000 after buying an additional 3,187 shares in the last quarter. Putnam Investments LLC acquired a new stake in Natural Gas Services Group during the second quarter valued at approximately $1,409,000. Finally, Victory Capital Management Inc. raised its stake in Natural Gas Services Group by 14.2% during the second quarter. Victory Capital Management Inc. now owns 60,755 shares of the oil and gas company’s stock valued at $1,434,000 after buying an additional 7,541 shares in the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.
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About Natural Gas Services Group
Natural Gas Services Group, Inc provides gas compression equipment and services to the natural gas and oil 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, 2017, it had 2,546 natural gas compressors in its rental fleet totaling 369,961 horsepower.
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