Key Points
- Director Jean Holley purchased 935 shares at $32.00 on Dec. 8, raising her stake to 12,200 shares (an 8.3% increase) valued at about $390,400, with the transaction disclosed in an SEC filing.
- Natural Gas Services Group beat estimates last quarter with EPS of $0.46 vs. $0.33 and revenue of $43.4 million, reporting a 11.2% net margin and a 7.37% return on equity.
- The company raised its quarterly dividend to $0.11 ($0.44 annualized, ~1.3% yield) and carries a MarketBeat consensus rating of "Strong Buy" with an average target of $35.50 (Stifel at $39).
Natural Gas Services Group, Inc. (NYSE:NGS - Get Free Report) Director Jean Holley bought 935 shares of Natural Gas Services Group stock in a transaction on Monday, December 8th. The stock was acquired at an average price of $32.00 per share, with a total value of $29,920.00. Following the completion of the purchase, the director directly owned 12,200 shares of the company's stock, valued at approximately $390,400. The trade was a 8.30% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Natural Gas Services Group Stock Performance
NGS stock opened at $32.92 on Wednesday. The firm has a 50 day moving average of $28.87 and a two-hundred day moving average of $26.75. Natural Gas Services Group, Inc. has a 12 month low of $16.73 and a 12 month high of $33.26. The company has a market capitalization of $413.79 million, a price-to-earnings ratio of 22.24 and a beta of 0.37. The company has a quick ratio of 1.06, a current ratio of 1.83 and a debt-to-equity ratio of 0.77.
Natural Gas Services Group (NYSE:NGS - Get Free Report) last released its quarterly 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 net margin of 11.20% and a return on equity of 7.37%. The business had revenue of $43.40 million for the quarter, compared to the consensus estimate of $43.25 million. As a group, equities analysts anticipate that Natural Gas Services Group, Inc. will post 1.42 EPS for the current fiscal year.
Natural Gas Services Group Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, December 3rd. Shareholders of record on Thursday, November 20th were given a $0.11 dividend. This is an increase from Natural Gas Services Group's previous quarterly dividend of $0.10. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, November 20th. Natural Gas Services Group's payout ratio is presently 29.73%.
Wall Street Analysts Forecast Growth
NGS has been the subject of several recent analyst reports. Zacks Research upgraded Natural Gas Services Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 12th. Weiss Ratings restated a "buy (b-)" rating on shares of Natural Gas Services Group in a report on Monday. Finally, Stifel Nicolaus upped their target price on Natural Gas Services Group from $33.00 to $39.00 and gave the stock a "buy" rating in a research report on Wednesday, November 12th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Strong Buy" and an average target price of $35.50.
View Our Latest Research Report on NGS
Hedge Funds Weigh In On Natural Gas Services Group
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cannell Capital LLC raised its position in shares of Natural Gas Services Group by 279.3% during the second quarter. Cannell Capital LLC now owns 331,616 shares of the oil and gas company's stock valued at $8,559,000 after buying an additional 244,193 shares during the last quarter. Invesco Ltd. raised its holdings in Natural Gas Services Group by 370.4% in the 1st quarter. Invesco Ltd. now owns 136,748 shares of the oil and gas company's stock valued at $3,004,000 after acquiring an additional 107,679 shares in the last quarter. Millennium Management LLC lifted its position in shares of Natural Gas Services Group by 133.7% in the 3rd quarter. Millennium Management LLC now owns 169,023 shares of the oil and gas company's stock worth $4,731,000 after acquiring an additional 96,690 shares during the period. American Century Companies Inc. grew its holdings in shares of Natural Gas Services Group by 151.8% during the 2nd quarter. American Century Companies Inc. now owns 153,361 shares of the oil and gas company's stock worth $3,958,000 after purchasing an additional 92,444 shares in the last quarter. Finally, Raymond James Financial Inc. increased its position in shares of Natural Gas Services Group by 133.2% during the second quarter. Raymond James Financial Inc. now owns 91,243 shares of the oil and gas company's stock valued at $2,355,000 after purchasing an additional 52,115 shares during the period. Institutional investors own 65.62% of the company's stock.
Natural Gas Services Group Company Profile
(
Get Free Report)
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.
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