Natural Gas Services Group, Inc. (NGS) to Distribute Quarterly Dividend of $0.16 on December 2nd

Natural Gas Services Group, Inc. (NYSE:NGS) announced a quarterly dividend on Monday, November 9th. Shareholders of record on Thursday, November 19th will be given a dividend of $0.16 per share by the oil and gas company on Wednesday, December 2nd. This represents a $0.64 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, November 19th. This is a 6.7% increase from Natural Gas Services Group’s previous quarterly dividend of $0.15.

Natural Gas Services Group Stock Down 0.8%

Shares of NYSE NGS opened at $28.83 on Wednesday. The company has a market capitalization of $371.88 million, a P/E ratio of 18.25 and a beta of 0.45. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.12 and a current ratio of 2.01. Natural Gas Services Group has a 52-week low of $26.39 and a 52-week high of $44.60. The company’s 50 day moving average price is $32.98 and its 200-day moving average price is $37.23.

Natural Gas Services Group (NYSE:NGS) last announced its earnings results on Monday, November 9th. The oil and gas company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The company had revenue of $61.26 million for the quarter, compared to analyst estimates of $56.43 million. Natural Gas Services Group had a return on equity of 8.17% and a net margin of 9.80%. Equities analysts forecast that Natural Gas Services Group will post 1.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on NGS shares. Zacks Research lowered Natural Gas Services Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. Weiss Ratings cut Natural Gas Services Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, September 24th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.50.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc. provides natural gas compression equipment and services to oil and natural gas producers, processors and pipeline companies. The company designs, fabricates, sells and rents natural gas compressors used to maintain pressure and improve the flow of natural gas from production wells and through gathering and processing systems. The company’s offerings include compressor packages, contract compression services, equipment fabrication and engineering support. It also provides maintenance, repair and related field services for compression equipment.