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.
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
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for NGS. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
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Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NGS. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for NGS are shown below. More…
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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…
Star Chart Analysis
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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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.