Shares of Natural Gas Services Group NGS rose 1.2% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share were down 75.00% year over year to $0.01, which beat the estimate of ($0.15).
Revenue of $17,405,000 decreased by 12.52% from the same period last year, which beat the estimate of $13,400,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Natural Gas Services hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Aug 18, 2020
Time: 11:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/usccebs7
Technicals
52-week high: $14.20
Company's 52-week low was at $2.62
Price action over last quarter: Up 12.52%
Company Description
Natural Gas Services Group Inc is an oil and gas equipment and services company. Its operations focus on the manufacturing, rental, and sale of natural gas compression equipment. Its operating units include Gas Compressor Rental, Engineered Equipment Sales, Service, and Maintenance. The company generates the majority of its revenue by renting out low- to medium-horsepower compression equipment to natural gas production companies in unconventional oil and gas regions of the United States.
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