Get all your news in one place.
100's of premium titles.
One app.
Start reading
StockNews.com
StockNews.com
Business
Dipanjan Banchur

Natural Gas Services Group (NGS): Is This Energy Stock a Strong Buy After Earnings?

Natural Gas Services Group, Inc. (NGS) announced its fourth-quarter earnings and revenue on April 1. It comfortably surpassed the consensus earnings and revenue estimates. In this piece, I have discussed why it could be prudent to wait for a better entry point in the stock now.

During the fourth quarter, NGS demonstrated strong financial performance. Its EPS was 116.7% above the consensus estimate, and its revenue beat analyst estimates by 19.5%. Similarly, its fiscal 2023 EPS and revenue surpassed Wall Street’s estimates by 22.6% and 5.2%, respectively. The company reported record revenue and EBITDA in 2023.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.