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MIDLAND, Texas (AP) _ Natural Gas Services Group Inc. (NGS) on Wednesday reported first-quarter net income of $2.5 million.
On a per-share basis, the Midland, Texas-based company said it had profit of 20 cents.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The maker of natural gas compression equipment and industrial flare systems posted revenue of $21.6 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $20.2 million.
Natural Gas Services shares have climbed slightly more than 1 percent since the beginning of the year. The stock has decreased roughly 7 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NGS at http://www.zacks.com/ap/NGS
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Keywords: Natural Gas Services, Earnings Report
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Natural Gas Services Group Inc.
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CODE : NGS |
ISIN : US63886Q1094 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Natural Gas Services is a and oil producing company based in United states of america. Natural Gas Services is listed in United States of America. Its market capitalisation is US$ 315.1 millions as of today (€ 294.3 millions). Its stock quote reached its lowest recent point on August 11, 2023 at US$ 10.00, and its highest recent level on April 24, 2024 at US$ 24.27. Natural Gas Services has 12 982 262 shares outstanding. |