Equities research analysts predict that Natural Gas Services Group, Inc. (NYSE:NGS) will announce $17.20 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Natural Gas Services Group’s earnings, with the lowest sales estimate coming in at $16.80 million and the highest estimate coming in at $17.60 million. Natural Gas Services Group reported sales of $17.19 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.1%. The firm is expected to report its next quarterly earnings results on Thursday, August 3rd.
According to Zacks, analysts expect that Natural Gas Services Group will report full year sales of $17.20 million for the current financial year, with estimates ranging from $68.60 million to $73.60 million. For the next financial year, analysts expect that the company will post sales of $82.93 million per share, with estimates ranging from $78.10 million to $87.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Natural Gas Services Group.
Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings data on Thursday, May 4th. The oil and gas company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.04. Natural Gas Services Group had a return on equity of 3.78% and a net margin of 10.64%. The firm had revenue of $18.92 million during the quarter, compared to analysts’ expectations of $15.80 million. During the same period last year, the company earned $0.20 earnings per share. The business’s revenue for the quarter was down 12.4% compared to the same quarter last year.
NGS has been the topic of several recent analyst reports. ValuEngine upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 31st. Zacks Investment Research lowered shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Natural Gas Services Group currently has an average rating of “Hold” and an average target price of $32.50.
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Shares of Natural Gas Services Group (NYSE NGS) opened at 27.30 on Friday. Natural Gas Services Group has a 52-week low of $20.47 and a 52-week high of $34.50. The company has a 50-day moving average of $26.79 and a 200-day moving average of $28.39. The stock has a market capitalization of $353.18 million, a price-to-earnings ratio of 85.31 and a beta of 1.08.
In other news, VP James R. Hazlett sold 2,550 shares of the business’s stock in a transaction that occurred on Tuesday, April 11th. The shares were sold at an average price of $28.52, for a total value of $72,726.00. Following the sale, the vice president now directly owns 63,340 shares of the company’s stock, valued at approximately $1,806,456.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William F. Hughes, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $26.86, for a total transaction of $40,290.00. Following the completion of the sale, the director now directly owns 37,563 shares in the company, valued at $1,008,942.18. The disclosure for this sale can be found here. Insiders sold a total of 4,450 shares of company stock worth $124,220 over the last three months. Insiders own 6.88% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in Natural Gas Services Group by 29.0% in the first quarter. Bank of America Corp DE now owns 5,239 shares of the oil and gas company’s stock worth $137,000 after buying an additional 1,178 shares during the period. American International Group Inc. increased its stake in Natural Gas Services Group by 7.1% in the first quarter. American International Group Inc. now owns 7,594 shares of the oil and gas company’s stock worth $198,000 after buying an additional 504 shares during the period. WFG Advisors LP increased its stake in Natural Gas Services Group by 60.1% in the fourth quarter. WFG Advisors LP now owns 4,002 shares of the oil and gas company’s stock worth $199,000 after buying an additional 1,502 shares during the period. Highbridge Capital Management LLC bought a new stake in Natural Gas Services Group during the fourth quarter worth about $265,000. Finally, Trexquant Investment LP bought a new stake in Natural Gas Services Group during the first quarter worth about $266,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.
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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