Natural Gas Services Group, Inc. (NGS) Expected to Announce Quarterly Sales of $18.76 Million

Wall Street brokerages expect Natural Gas Services Group, Inc. (NYSE:NGS) to announce sales of $18.76 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Natural Gas Services Group’s earnings, with the lowest sales estimate coming in at $17.77 million and the highest estimate coming in at $19.90 million. Natural Gas Services Group posted sales of $16.18 million during the same quarter last year, which suggests a positive year-over-year growth rate of 15.9%. The company is expected to issue its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that Natural Gas Services Group will report full-year sales of $18.76 million for the current financial year, with estimates ranging from $72.57 million to $77.90 million. For the next financial year, analysts forecast that the firm will post sales of $89.04 million per share, with estimates ranging from $81.82 million to $94.40 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Natural Gas Services Group.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). Natural Gas Services Group had a net margin of 4.85% and a return on equity of 1.41%. The business had revenue of $16.20 million during the quarter, compared to analyst estimates of $16.03 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The firm’s quarterly revenue was down 5.8% on a year-over-year basis.

NGS has been the subject of several analyst reports. Seaport Global Securities reissued a “buy” rating on shares of Natural Gas Services Group in a report on Friday, August 4th. Zacks Investment Research raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. ValuEngine raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, Imperial Capital initiated coverage on shares of Natural Gas Services Group in a report on Wednesday, August 23rd. They set an “outperform” rating and a $27.00 price target for the company. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Natural Gas Services Group has an average rating of “Buy” and a consensus price target of $32.67.

Natural Gas Services Group (NGS) traded down 1.75% during mid-day trading on Thursday, hitting $28.10. The stock had a trading volume of 10,193 shares. The company has a 50 day moving average price of $26.20 and a 200 day moving average price of $25.86. The stock has a market cap of $363.53 million, a P/E ratio of 108.91 and a beta of 1.28. Natural Gas Services Group has a one year low of $20.65 and a one year high of $34.50.

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In related news, VP James R. Hazlett sold 12,350 shares of Natural Gas Services Group stock in a transaction dated Wednesday, September 27th. The shares were sold at an average price of $28.02, for a total transaction of $346,047.00. Following the completion of the transaction, the vice president now directly owns 50,375 shares of the company’s stock, valued at approximately $1,411,507.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen Charles Taylor sold 3,874 shares of Natural Gas Services Group stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $28.58, for a total transaction of $110,718.92. The disclosure for this sale can be found here. Company insiders own 6.53% of the company’s stock.

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in Natural Gas Services Group by 29.0% during the 1st quarter. Bank of America Corp DE now owns 5,239 shares of the oil and gas company’s stock valued at $137,000 after purchasing an additional 1,178 shares during the last quarter. American International Group Inc. lifted its holdings in Natural Gas Services Group by 7.1% during the 1st quarter. American International Group Inc. now owns 7,594 shares of the oil and gas company’s stock valued at $198,000 after purchasing an additional 504 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in Natural Gas Services Group by 4.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 9,070 shares of the oil and gas company’s stock valued at $235,000 after purchasing an additional 350 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Natural Gas Services Group by 10.7% during the 2nd quarter. Voya Investment Management LLC now owns 9,464 shares of the oil and gas company’s stock valued at $235,000 after purchasing an additional 916 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Natural Gas Services Group by 14.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,424 shares of the oil and gas company’s stock valued at $284,000 after purchasing an additional 1,415 shares during the last quarter. 89.28% of the stock is owned by hedge funds and other institutional investors.

About Natural Gas Services Group

Natural Gas Services Group, Inc is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales.

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Earnings History and Estimates for Natural Gas Services Group (NYSE:NGS)

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