Natural Gas Services Group (NYSE:NGS) released its quarterly earnings results on Thursday. The oil and gas company reported $0.02 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.02, MarketWatch Earnings reports. The business had revenue of $16.40 million during the quarter, compared to analyst estimates of $18.27 million. Natural Gas Services Group had a net margin of 30.05% and a return on equity of 0.53%.

NGS stock traded down $0.10 during mid-day trading on Friday, hitting $20.00. 48,824 shares of the company were exchanged, compared to its average volume of 47,169. Natural Gas Services Group has a twelve month low of $17.50 and a twelve month high of $29.35. The firm has a market cap of $254.40 million, a P/E ratio of 181.82 and a beta of 1.32.

A number of equities research analysts recently weighed in on NGS shares. Seaport Global Securities set a $24.00 price target on shares of Natural Gas Services Group and gave the company a “buy” rating in a report on Friday, August 17th. Zacks Investment Research raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, ValuEngine raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $55.33.

In other news, CEO Stephen Charles Taylor sold 13,776 shares of Natural Gas Services Group stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $22.01, for a total value of $303,209.76. Following the completion of the transaction, the chief executive officer now directly owns 330,438 shares of the company’s stock, valued at approximately $7,272,940.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 21,106 shares of company stock valued at $466,551 over the last ninety days. Company insiders own 6.61% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Strs Ohio lifted its position in Natural Gas Services Group by 9.8% in the 2nd quarter. Strs Ohio now owns 29,200 shares of the oil and gas company’s stock valued at $689,000 after purchasing an additional 2,600 shares during the last quarter. California Public Employees Retirement System lifted its position in Natural Gas Services Group by 8.8% in the 2nd quarter. California Public Employees Retirement System now owns 35,445 shares of the oil and gas company’s stock valued at $837,000 after purchasing an additional 2,858 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Natural Gas Services Group by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,091,390 shares of the oil and gas company’s stock valued at $25,756,000 after purchasing an additional 3,095 shares during the last quarter. Segall Bryant & Hamill LLC lifted its position in Natural Gas Services Group by 24.1% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 29,897 shares of the oil and gas company’s stock valued at $706,000 after purchasing an additional 5,797 shares during the last quarter. Finally, BlackRock Inc. lifted its position in Natural Gas Services Group by 0.6% in the 3rd quarter. BlackRock Inc. now owns 919,595 shares of the oil and gas company’s stock valued at $19,404,000 after purchasing an additional 5,884 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

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Natural Gas Services Group Company Profile

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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Earnings History for Natural Gas Services Group (NYSE:NGS)

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