Wall Street analysts forecast that Natural Gas Services Group, Inc. (NYSE:NGS) will post sales of $18.27 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Natural Gas Services Group’s earnings. The highest sales estimate is $19.00 million and the lowest is $17.50 million. Natural Gas Services Group reported sales of $15.91 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.8%. The company is expected to announce its next quarterly earnings results before the market opens on Thursday, November 8th.
On average, analysts expect that Natural Gas Services Group will report full-year sales of $70.43 million for the current year, with estimates ranging from $70.10 million to $71.00 million. For the next fiscal year, analysts anticipate that the firm will report sales of $84.77 million, with estimates ranging from $78.00 million to $93.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Natural Gas Services Group.
Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings data on Thursday, August 9th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.04). The firm had revenue of $18.20 million during the quarter, compared to analysts’ expectations of $17.54 million. Natural Gas Services Group had a net margin of 30.05% and a return on equity of 0.53%.
Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded Natural Gas Services Group from a “buy” rating to a “hold” rating in a report on Saturday, July 21st. ValuEngine downgraded Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, July 11th. Finally, Seaport Global Securities set a $24.00 price objective on Natural Gas Services Group and gave the company a “buy” rating in a report on Friday, August 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Natural Gas Services Group has a consensus rating of “Buy” and a consensus price target of $55.33.
In related news, CEO Stephen Charles Taylor sold 13,776 shares of the business’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $22.01, for a total value of $303,209.76. Following the sale, the chief executive officer now owns 330,438 shares in the company, valued at approximately $7,272,940.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 21,106 shares of company stock worth $466,551 in the last quarter. Company insiders own 6.61% of the company’s stock.
Several hedge funds have recently bought and sold shares of NGS. Strs Ohio increased its holdings in Natural Gas Services Group by 9.8% during the 2nd quarter. Strs Ohio now owns 29,200 shares of the oil and gas company’s stock worth $689,000 after purchasing an additional 2,600 shares during the period. Segall Bryant & Hamill LLC increased its holdings in Natural Gas Services Group by 24.1% during the 2nd quarter. Segall Bryant & Hamill LLC now owns 29,897 shares of the oil and gas company’s stock worth $706,000 after purchasing an additional 5,797 shares during the period. California Public Employees Retirement System increased its holdings in Natural Gas Services Group by 10.8% during the 1st quarter. California Public Employees Retirement System now owns 32,587 shares of the oil and gas company’s stock worth $777,000 after purchasing an additional 3,187 shares during the period. Putnam Investments LLC purchased a new stake in Natural Gas Services Group during the 2nd quarter worth about $1,409,000. Finally, Victory Capital Management Inc. increased its holdings in Natural Gas Services Group by 14.2% during the 2nd quarter. Victory Capital Management Inc. now owns 60,755 shares of the oil and gas company’s stock worth $1,434,000 after purchasing an additional 7,541 shares during the period. Hedge funds and other institutional investors own 90.98% of the company’s stock.
NGS stock opened at $19.02 on Wednesday. The firm has a market capitalization of $252.44 million, a P/E ratio of 172.91 and a beta of 1.32. Natural Gas Services Group has a 12-month low of $17.50 and a 12-month high of $29.35.
About Natural Gas Services Group
Natural Gas Services Group, Inc provides gas compression equipment and services to the natural gas and oil industry in the United States. The company engages in the rental of small to medium horsepower compression equipment to non-conventional natural gas and oil production businesses. As of December 31, 2017, it had 2,546 natural gas compressors in its rental fleet totaling 369,961 horsepower.
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