Professional
Added to YB: 2024-08-09
Pitch date: 2024-08-07
NGS [neutral]
Natural Gas Services Group, Inc.
+121.78%
current return
Author Info
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Company Info
Natural Gas Services Group, Inc. provides natural gas compression equipment, flares and related assets; and electric compression equipment, technology, and services to the energy industry in the United States.
Market Cap
$535.4M
Pitch Price
$19.10
Price Target
N/A
Dividend
1.04%
EV/EBITDA
9.15
P/E
24.71
EV/Sales
4.23
Sector
Energy Equipment and Services
Category
turnaround
Pernas Research Passes On: Natural Gas Services Group, Inc.
NGS: Natural gas compressor rental co. for Permian Basin oil producers. Stable revenue from 6-60mo contracts, high renewals. New CEO w/ turnaround experience. Levered to production cycle, not exploration. Favorable unit economics, but high debt, low cash. Likely capital raise soon. EV/EBITDA 9x. Waiting for operational efficiency proof before investing.
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