Natural Gas Services Group, Inc. (NYSE:NGS) Raises Dividend to $0.15 Per Share

Natural Gas Services Group, Inc. (NYSE:NGS) declared a quarterly dividend on Monday, May 11th. Shareholders of record on Wednesday, May 20th will be paid a dividend of 0.15 per share by the oil and gas company on Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Wednesday, May 20th. This is a 36.4% increase from Natural Gas Services Group’s previous quarterly dividend of $0.11.

Natural Gas Services Group Trading Up 3.4%

Shares of NGS opened at $40.08 on Tuesday. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.33 and a quick ratio of 1.49. Natural Gas Services Group has a 12 month low of $21.23 and a 12 month high of $41.51. The stock’s 50-day moving average is $38.56 and its two-hundred day moving average is $34.90. The stock has a market cap of $504.61 million, a PE ratio of 25.53 and a beta of 0.43.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings results on Monday, May 11th. The oil and gas company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.45 by $0.08. Natural Gas Services Group had a return on equity of 7.43% and a net margin of 11.56%.The business had revenue of $48.47 million for the quarter, compared to analysts’ expectations of $47.09 million. Equities analysts forecast that Natural Gas Services Group will post 1.96 earnings per share for the current fiscal year.

Insider Transactions at Natural Gas Services Group

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $37.23, for a total transaction of $1,116,900.00. Following the sale, the director owned 175,432 shares in the company, valued at $6,531,333.36. This represents a 14.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 3.12% of the stock is owned by insiders.

Institutional Trading of Natural Gas Services Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Natural Gas Services Group by 1.2% during the third quarter. Vanguard Group Inc. now owns 611,653 shares of the oil and gas company’s stock valued at $17,120,000 after buying an additional 7,345 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Natural Gas Services Group by 0.5% during the second quarter. Ameriprise Financial Inc. now owns 509,714 shares of the oil and gas company’s stock valued at $13,156,000 after buying an additional 2,424 shares in the last quarter. Weber Capital Management LLC ADV acquired a new stake in Natural Gas Services Group during the fourth quarter valued at approximately $16,777,000. Royce & Associates LP raised its stake in Natural Gas Services Group by 2.5% during the third quarter. Royce & Associates LP now owns 361,571 shares of the oil and gas company’s stock valued at $10,120,000 after buying an additional 8,784 shares in the last quarter. Finally, Cannell Capital LLC raised its stake in Natural Gas Services Group by 8.3% during the third quarter. Cannell Capital LLC now owns 359,021 shares of the oil and gas company’s stock valued at $10,049,000 after buying an additional 27,405 shares in the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.

About Natural Gas Services Group

Natural Gas Services Group, Inc (NYSE: NGS) is an energy infrastructure company specializing in natural gas distribution and compression services across the United States. The company operates two primary lines of business: the Distribution segment provides natural gas delivery to residential, commercial and industrial customers, while the Compression Services segment rents, sells and services a diversified fleet of compression equipment for midstream and industrial applications.

In its Distribution segment, Natural Gas Services Group engineers, constructs and maintains local pipeline networks, meters and related apparatus to ensure safe and reliable natural gas supply to municipal utilities and private customers.