Natural Gas Services Group, Inc. (NYSE:NGS) to Issue Dividend Increase – $0.16 Per Share

by · The Markets Daily

Natural Gas Services Group, Inc. (NYSE:NGS – Get Free Report) declared a quarterly dividend on Monday, November 9th. Shareholders of record on Thursday, November 19th will be paid a dividend of $0.16 per share by the oil and gas company on Wednesday, December 2nd. This represents a $0.64 annualized dividend 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 Trading Up 5.5%

Shares of NGS opened at $29.14 on Tuesday. Natural Gas Services Group has a 52-week low of $26.39 and a 52-week high of $44.60. The business’s fifty day moving average is $33.10 and its 200-day moving average is $37.26. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.12 and a current ratio of 2.01. The firm has a market cap of $375.96 million, a price-to-earnings ratio of 16.26 and a beta of 0.45.

Natural Gas Services Group (NYSE:NGS – Get Free Report) last announced its quarterly earnings data on Monday, November 9th. The oil and gas company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. The business had revenue of $61.26 million during the quarter, compared to the consensus estimate of $56.43 million. Natural Gas Services Group had a return on equity of 8.10% and a net margin of 10.81%. Equities analysts anticipate that Natural Gas Services Group will post 1.91 EPS for the current fiscal year.

About Natural Gas Services Group

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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.

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