Natural Gas Services Group, Inc. (NGS) to Issue Quarterly Dividend of $0.11 on December 3rd

Natural Gas Services Group, Inc. (NYSE:NGS) announced a quarterly dividend on Monday, November 10th. Investors of record on Thursday, November 20th will be paid a dividend of 0.11 per share by the oil and gas company on Wednesday, December 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. 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 Down 7.4%

Shares of NGS stock opened at $28.11 on Wednesday. The company has a market capitalization of $352.56 million, a P/E ratio of 19.80 and a beta of 0.59. Natural Gas Services Group has a 12-month low of $16.73 and a 12-month high of $30.73. The company has a quick ratio of 1.23, a current ratio of 1.97 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $27.39 and a 200 day moving average price of $25.46.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings data on Monday, November 10th. The oil and gas company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.13. Natural Gas Services Group had a net margin of 10.92% and a return on equity of 7.21%. The company had revenue of $43.40 million during the quarter, compared to analyst estimates of $43.25 million. Research analysts forecast 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 approved a share buyback program on Monday, August 11th that allows the company to buyback $6.00 million in outstanding shares. This buyback authorization allows the oil and gas company to repurchase up to 1.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are 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.