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

Natural Gas Services Group (NYSE:NGS - Get Free Report) posted its quarterly earnings data on Monday. The oil and gas company reported $0.29 EPS 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 firm had revenue of $40.66 million during the quarter, compared to analyst estimates of $40.84 million. During the same quarter in the previous year, the business posted $0.14 EPS.

Natural Gas Services Group Price Performance

NGS stock traded down $0.02 during midday trading on Friday, reaching $21.53. The stock had a trading volume of 39,543 shares, compared to its average volume of 74,534. Natural Gas Services Group has a 52-week low of $16.70 and a 52-week high of $29.74. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65. The company's fifty day simple moving average is $25.69 and its 200 day simple moving average is $23.89. The company has a market cap of $268.85 million, a price-to-earnings ratio of 16.82 and a beta of 1.13.

Insider Buying and Selling

In other news, Director Stephen Charles Taylor sold 19,400 shares of Natural Gas Services Group stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total transaction of $558,720.00. Following the transaction, the director now owns 438,387 shares in the company, valued at $12,625,545.60. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 7.25% of the stock is currently owned by company insiders.

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Analyst Upgrades and Downgrades

NGS has been the topic of a number of research reports. 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 report on Wednesday. StockNews.com downgraded shares of Natural Gas Services Group from a "hold" rating to a "sell" rating in a report on Tuesday.

About Natural Gas Services Group

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.