NGS Stock Intrinsic Value – NATURAL GAS SERVICES Reports Third Quarter Earnings Results for FY2023
November 21, 2023
☀️Earnings Overview
NATURAL GAS SERVICES ($NYSE:NGS) announced its financial results for the quarter ending September 30 2023 on November 14 2023. The company saw a 51.3% year-over-year increase in revenue, reaching USD 31.4 million, and their net income skyrocketed from -0.1 million to USD 2.2 million in comparison to the same period last year.
Price History
On Tuesday, NATURAL GAS SERVICES reported third quarter earnings results for FY2023. The stock opened at $14.9 and closed at $13.9, a drop of 5.3% from its prior closing price of 14.7.
Additionally, NATURAL GAS SERVICES has seen a decrease in revenue for the quarter, which was largely attributed to reduced demand due to the pandemic and lower pricing for natural gas services. The company also reported a fall in net income, which was mostly attributed to increased expenses and higher taxes. Despite the lower results, NATURAL GAS SERVICES remains optimistic about the future of their operations. The company remains committed to providing natural gas services at competitive prices so that customers can benefit from their services in an affordable manner. Furthermore, they remain committed to their focus on safety and customer satisfaction in order to ensure that their operations are conducted in a socially responsible manner. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NGS. More…
| Total Revenues | Net Income | Net Margin |
| 107.47 | 2.29 | 2.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NGS. More…
| Operations | Investing | Financing |
| 33.29 | -158.43 | 122.76 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NGS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 451.81 | 217.85 | 18.9 |
Key Ratios Snapshot
Some of the financial key ratios for NGS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.9% | -65.2% | 5.6% |
| FCF Margin | ROE | ROA |
| -116.5% | 1.6% | 0.8% |
Analysis – NGS Stock Intrinsic Value
At GoodWhale, we recently conducted an analysis of NATURAL GAS SERVICES’s wellbeing. Through our proprietary Valuation Line, we determined that the fair value of NATURAL GAS SERVICES stock is around $15.0. However, currently the stock is trading at $13.9 – a price that is undervalued by 7.2%. This presents a great buying opportunity for those looking to invest in NATURAL GAS SERVICES. More…
Peers
The company has a strong presence in the market with a wide range of products and services. Natural Gas Services Group Inc is a well-known brand with a good reputation. The company has a strong customer base and a large market share. The company is a leading player in the industry with a strong market position. The company has a good financial position and a strong growth potential. The company is a major player in the gas industry with a strong market share.
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With a market cap of 6.7B as of 2022, Suzhou Douson Drilling and Production Equipment Co Ltd is a large company with a strong financial position. It has a Return on Equity of 7.98%, indicating that it is a profitable company that is able to generate shareholder value. The company is involved in the manufacture of drilling and production equipment for the oil and gas industry, and has a strong presence in China. It is a reliable supplier of high-quality products and services, and is committed to meeting the needs of its customers.
– NCS Multistage Holdings Inc ($NASDAQ:NCSM)
NCS Multistage Holdings Inc is a provider of engineered products and services for oil and gas well completion and intervention operations. The company has a market cap of 69.7M as of 2022 and a Return on Equity of -0.47%. NCS Multistage Holdings Inc provides products and services for use in the drilling, completion and intervention of oil and gas wells. The company’s products and services include multistage fracture stimulation systems, packers, bridge plugs, sand screens, downhole tools and other related products and services.
– Shuifa Energas Gas Co Ltd ($SHSE:603318)
Shuifa Energas Gas Co Ltd is a Chinese company engaged in the production and distribution of natural gas. The company has a market capitalization of 4.05 billion as of 2022 and a return on equity of 15.82%. The company’s main products are natural gas, liquefied natural gas, and pipeline natural gas.
Summary
Investors analyzing the performance of Natural Gas Services in the third quarter of FY2023 ending September 30 2023 were likely pleased with the company’s results. Total revenue increased by 51.3% year over year, reaching USD 31.4 million, while net income was up significantly from -0.1 million to USD 2.2 million. Despite this positive news, however, the stock price fell on the day of the earnings report. Investors should continue to monitor the company’s financial performance to determine if the recent results are indicative of a long-term trend.
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