Natural Gas Services Group, Inc. (NGS) To Go Ex-Dividend on November 20th

Natural Gas Services Group, Inc. (NYSE:NGS) declared a quarterly dividend on Monday, November 10th. Investors of record on Thursday, November 20th will be given a dividend of 0.11 per share by the oil and gas company on Wednesday, December 3rd. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Thursday, November 20th. This is a 10.0% increase from Natural Gas Services Group’s previous quarterly dividend of $0.10.

Natural Gas Services Group Trading Up 2.0%

Shares of NGS stock opened at $30.14 on Tuesday. The stock has a market cap of $378.88 million, a P/E ratio of 21.23 and a beta of 0.59. Natural Gas Services Group has a 1 year low of $16.73 and a 1 year high of $31.24. The company has a current ratio of 1.97, a quick ratio of 1.23 and a debt-to-equity ratio of 0.68. The stock has a 50 day simple moving average of $27.65 and a 200 day simple moving average of $25.78.

Natural Gas Services Group (NYSE:NGS) last released its earnings results on Monday, November 10th. The oil and gas company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.13. Natural Gas Services Group had a return on equity of 7.21% and a net margin of 10.92%.The firm had revenue of $43.40 million during the quarter, compared to the consensus estimate of $43.25 million. On average, research analysts predict that Natural Gas Services Group will post 1.42 earnings per share for the current fiscal year.

Natural Gas Services Group announced that its board has authorized a stock buyback program on Monday, August 11th that permits the company to buyback $6.00 million in shares. This buyback authorization permits the oil and gas company to buy up to 1.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

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.