$18.97 Million in Sales Expected for Natural Gas Services Group, Inc. (NGS) This Quarter

Equities analysts predict that Natural Gas Services Group, Inc. (NYSE:NGS) will post $18.97 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Natural Gas Services Group’s earnings, with estimates ranging from $16.90 million to $22.80 million. Natural Gas Services Group posted sales of $16.70 million during the same quarter last year, which suggests a positive year-over-year growth rate of 13.6%. The firm is scheduled to announce its next earnings results on Thursday, March 8th.

On average, analysts expect that Natural Gas Services Group will report full-year sales of $18.97 million for the current year, with estimates ranging from $67.90 million to $77.80 million. For the next year, analysts forecast that the firm will report sales of $79.30 million per share, with estimates ranging from $71.20 million to $90.90 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Natural Gas Services Group.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). The firm had revenue of $15.91 million during the quarter, compared to analyst estimates of $18.05 million. Natural Gas Services Group had a return on equity of 0.98% and a net margin of 3.41%. The firm’s revenue was down 1.7% on a year-over-year basis. During the same period last year, the business earned $0.12 EPS.

Separately, Zacks Investment Research upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th.

In related news, CEO Stephen Charles Taylor sold 16,212 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $25.17, for a total value of $408,056.04. Following the completion of the transaction, the chief executive officer now owns 293,300 shares in the company, valued at approximately $7,382,361. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Chisholm sold 3,900 shares of the stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $26.05, for a total transaction of $101,595.00. Following the completion of the transaction, the director now owns 29,232 shares of the company’s stock, valued at approximately $761,493.60. The disclosure for this sale can be found here. Insiders sold a total of 38,787 shares of company stock valued at $1,016,836 in the last quarter. 6.88% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the company. Voya Investment Management LLC boosted its position in shares of 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 in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of 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 in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Natural Gas Services Group by 31.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 14,454 shares of the oil and gas company’s stock valued at $359,000 after purchasing an additional 3,445 shares in the last quarter. Citigroup Inc. boosted its position in shares of Natural Gas Services Group by 83.1% during the 2nd quarter. Citigroup Inc. now owns 14,633 shares of the oil and gas company’s stock valued at $364,000 after purchasing an additional 6,643 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of Natural Gas Services Group by 21.4% during the 3rd quarter. Wells Fargo & Company MN now owns 28,419 shares of the oil and gas company’s stock valued at $807,000 after purchasing an additional 5,016 shares in the last quarter. Institutional investors own 90.38% of the company’s stock.

Natural Gas Services Group (NYSE:NGS) opened at $29.10 on Monday. The stock has a market cap of $373.36, a PE ratio of 161.67 and a beta of 1.28. Natural Gas Services Group has a 12-month low of $22.40 and a 12-month high of $30.85.

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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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