Last Updated: 07 Nov 2024
Executive Summary
Natural Gas Services Group Inc. (NGS) is a provider of natural gas compression equipment and services to the U.S. energy industry. The company has a market capitalization of $253.2 million and is currently trading at $22.9 per share. NGS has a strong financial performance with a profit margin of 9.25%, an operating margin of 22.2%, and a return on equity of 5.54%. The company is expected to continue to grow in the future, with analysts forecasting a target price of $33 and a strong buy rating.
Company Overview
NGS is headquartered in Midland, Texas, and provides natural gas compression equipment and services to the U.S. energy industry. The company has a team of experienced professionals with a deep understanding of the natural gas industry. NGS has a strong commitment to safety and environmental sustainability.
Fundamental Analysis
NGS has a strong financial performance with a profit margin of 9.25%, an operating margin of 22.2%, and a return on equity of 5.54%. The company's revenue has grown by 0.428% over the past year, and its earnings per share have grown by 7.5%. NGS has a strong balance sheet with a debt-to-equity ratio of 0.32.
Technical Analysis
NGS is currently trading at $22.9 per share, which is above its 50-day moving average of $19.95 and its 200-day moving average of $19.76. The stock is also trading above its 52-week low of $12.75 and below its 52-week high of $25.24. The technical indicators suggest that NGS is in a bullish trend.
Short Term Outlook
NGS is expected to continue to grow in the short term. The company has a strong backlog of orders and is benefiting from the increasing demand for natural gas. NGS is also expected to benefit from the recent increase in oil and gas prices.
Long Term Outlook
NGS is expected to continue to grow in the long term. The company is well-positioned to benefit from the increasing demand for natural gas and the transition to cleaner energy sources. NGS is also expected to benefit from the company's focus on innovation and technology.
Analyst Recommendations
Analysts have a strong buy rating on NGS. The average target price for the stock is $33, which represents a potential upside of 44% from the current price.
