| Natural Gas Services beats Street 4Q forecasts | |
| | |
|
MIDLAND, Texas (AP) _ Natural Gas Services Group Inc. (NGS) on Thursday reported fourth-quarter profit of $3.3 million.
The Midland, Texas-based company said it had profit of 26 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The maker of natural gas compression equipment and industrial flare systems posted revenue of $25.8 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $20.5 million.
For the year, the company reported profit of $10.1 million, or 79 cents per share. Revenue was reported as $95.9 million.
Natural Gas Services shares have dropped 13 percent since the beginning of the year. The stock has climbed 4.5 percent in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NGS at http://www.zacks.com/ap/NGS
_____
Keywords: Natural Gas Services, Earnings Report
|
|
|
Natural Gas Services Group Inc.
|
|
|
CODE : NGS |
ISIN : US63886Q1094 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Natural Gas Services is a and oil producing company based in United states of america. Natural Gas Services is listed in United States of America. Its market capitalisation is US$ 308.1 millions as of today (€ 289.0 millions). Its stock quote reached its lowest recent point on August 11, 2023 at US$ 10.00, and its highest recent level on April 22, 2024 at US$ 23.73. Natural Gas Services has 12 982 262 shares outstanding. |