Brokerages expect Natural Gas Services Group, Inc. (NYSE:NGS) to post $18.97 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided 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 in the same quarter last year, which suggests a positive year-over-year growth rate of 13.6%. The firm is expected to announce its next quarterly earnings results before the market opens 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 fiscal 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 calculations are a mean average based on a survey of research analysts that follow Natural Gas Services Group.
Separately, Zacks Investment Research raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th.
In other news, VP James R. Hazlett sold 6,410 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $28.98, for a total value of $185,761.80. Following the completion of the transaction, the vice president now owns 48,109 shares of the company’s stock, valued at $1,394,198.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO G Larry Lawrence sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $25.23, for a total value of $151,380.00. Following the completion of the transaction, the chief financial officer now directly owns 39,478 shares of the company’s stock, valued at approximately $996,029.94. The disclosure for this sale can be found here. Insiders sold 38,787 shares of company stock valued at $1,016,836 in the last ninety days. 6.88% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. boosted its holdings in Natural Gas Services Group by 33.6% in the second quarter. Ameriprise Financial Inc. now owns 219,132 shares of the oil and gas company’s stock valued at $5,445,000 after acquiring an additional 55,100 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Natural Gas Services Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 569,428 shares of the oil and gas company’s stock valued at $14,151,000 after acquiring an additional 14,127 shares during the last quarter. Algert Global LLC boosted its holdings in Natural Gas Services Group by 10.4% in the third quarter. Algert Global LLC now owns 77,397 shares of the oil and gas company’s stock valued at $2,198,000 after acquiring an additional 7,266 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Natural Gas Services Group by 875.0% in the third quarter. JPMorgan Chase & Co. now owns 140,925 shares of the oil and gas company’s stock valued at $4,122,000 after acquiring an additional 126,471 shares during the last quarter. Finally, Sterling Capital Management LLC bought a new stake in Natural Gas Services Group in the second quarter valued at approximately $838,000. 89.72% of the stock is owned by institutional investors.
Natural Gas Services Group (NGS) remained flat at $$26.70 during trading on Thursday. 11,841 shares of the company traded hands, compared to its average volume of 26,777. Natural Gas Services Group has a 12-month low of $22.40 and a 12-month high of $29.55. The company has a market cap of $345.52, a price-to-earnings ratio of 148.33 and a beta of 1.22.
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Natural Gas Services Group Company Profile
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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