Natural Gas Services Group, Inc. (NYSE:NGS) Increases Dividend to $0.11 Per Share

Natural Gas Services Group, Inc. (NYSE:NGS) announced a quarterly dividend on Monday, November 10th. Stockholders of record on Thursday, November 20th will be given 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 of this dividend 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 Price Performance

Shares of NGS stock traded down $2.62 during trading on Tuesday, hitting $27.76. The company had a trading volume of 54,303 shares, compared to its average volume of 70,298. The firm has a market capitalization of $348.10 million, a P/E ratio of 19.55 and a beta of 0.59. Natural Gas Services Group has a one year low of $16.73 and a one year high of $30.73. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.23 and a current ratio of 1.97. The stock’s 50-day moving average price is $27.36 and its 200 day moving average price is $25.40.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings data on Monday, November 10th. The oil and gas company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.13. The firm had revenue of $43.40 million during the quarter, compared to analysts’ expectations of $43.25 million. Natural Gas Services Group had a return on equity of 7.21% and a net margin of 10.92%. Equities analysts expect that Natural Gas Services Group will post 1.42 EPS for the current fiscal year.

Natural Gas Services Group announced that its Board of Directors has authorized a share buyback program on Monday, August 11th that allows the company to buyback $6.00 million in shares. This buyback authorization allows the oil and gas company to purchase up to 1.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is 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.