Natural Gas Services Group (NYSE:NGS) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Natural Gas Services Group, Inc. (NYSE:NGS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $37.01 and traded as high as $43.85. Natural Gas Services Group shares last traded at $42.5250, with a volume of 99,635 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NGS shares. Zacks Research upgraded Natural Gas Services Group from a “strong sell” rating to a “hold” rating in a research note on Monday, May 18th. Stifel Nicolaus upped their target price on shares of Natural Gas Services Group from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.50.

Natural Gas Services Group Trading Up 0.2%

The company’s fifty day moving average is $40.24 and its two-hundred day moving average is $37.01. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.77 and a current ratio of 2.70. The company has a market cap of $535.82 million, a price-to-earnings ratio of 24.72 and a beta of 0.41.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings results on Monday, May 11th. The oil and gas company reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.08. The company had revenue of $48.47 million for the quarter, compared to the consensus estimate of $47.09 million. Natural Gas Services Group had a return on equity of 7.99% and a net margin of 12.17%. On average, research analysts anticipate that Natural Gas Services Group, Inc. will post 2.02 EPS for the current year.

Natural Gas Services Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 3rd. Stockholders of record on Wednesday, May 20th were given a dividend of $0.15 per share. This is a boost from Natural Gas Services Group’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, May 20th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.4%. Natural Gas Services Group’s payout ratio is 34.88%.

Institutional Investors Weigh In On Natural Gas Services Group

Institutional investors have recently added to or reduced their stakes in the stock. Zions Bancorporation National Association UT acquired a new stake in Natural Gas Services Group in the 4th quarter worth about $27,000. State of Alaska Department of Revenue acquired a new stake in Natural Gas Services Group in the 4th quarter worth about $30,000. New York State Common Retirement Fund boosted its stake in Natural Gas Services Group by 106.7% during the 3rd quarter. New York State Common Retirement Fund now owns 3,100 shares of the oil and gas company’s stock worth $87,000 after purchasing an additional 1,600 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Natural Gas Services Group during the 4th quarter worth $106,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Natural Gas Services Group during the 4th quarter worth $114,000. Institutional investors and hedge funds own 65.62% of the company’s stock.

About Natural Gas Services Group

Natural Gas Services Group, Inc (NYSE: NGS) is an energy infrastructure company specializing in natural gas distribution and compression services across the United States. The company operates two primary lines of business: the Distribution segment provides natural gas delivery to residential, commercial and industrial customers, while the Compression Services segment rents, sells and services a diversified fleet of compression equipment for midstream and industrial applications.

In its Distribution segment, Natural Gas Services Group engineers, constructs and maintains local pipeline networks, meters and related apparatus to ensure safe and reliable natural gas supply to municipal utilities and private customers.