Natural Gas Services Group (NYSE:NGS) Posts Earnings Results, Beats Estimates By $0.02 EPS

Natural Gas Services Group (NYSE:NGS - Get Free Report) issued its quarterly earnings data on Monday. The oil and gas company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02, Zacks reports. Natural Gas Services Group had a net margin of 10.55% and a return on equity of 6.60%. The company had revenue of $40.66 million for the quarter, compared to analysts' expectations of $40.84 million. During the same quarter in the previous year, the firm posted $0.14 earnings per share.

Natural Gas Services Group Trading Up 0.1 %

NGS traded up $0.02 during trading on Friday, hitting $21.56. 36,516 shares of the stock traded hands, compared to its average volume of 74,529. The firm has a market capitalization of $269.28 million, a P/E ratio of 16.85 and a beta of 1.13. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. The firm has a 50-day moving average of $25.69 and a 200 day moving average of $23.89. Natural Gas Services Group has a 12-month low of $16.70 and a 12-month high of $29.74.

Insider Buying and Selling at Natural Gas Services Group

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 19,400 shares of the company's stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total value of $558,720.00. Following the completion of the transaction, the director now directly owns 438,387 shares in the company, valued at approximately $12,625,545.60. This represents a 4.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.25% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NGS shares. Raymond James reissued a "strong-buy" rating and issued a $32.00 price objective (down from $33.00) on shares of Natural Gas Services Group in a research report on Wednesday. StockNews.com cut shares of Natural Gas Services Group from a "hold" rating to a "sell" rating in a report on Tuesday.

Natural Gas Services Group Company Profile

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.