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

Equities research analysts expect that Natural Gas Services Group, Inc. (NYSE:NGS) will post sales of $18.97 million for the current quarter, Zacks reports. Three analysts have provided estimates for Natural Gas Services Group’s earnings, with the highest sales estimate coming in at $22.80 million and the lowest estimate coming in at $16.90 million. Natural Gas Services Group reported sales of $16.70 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.6%. The firm is expected to report its next quarterly earnings report 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 expect that the company 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 analysts that that provide coverage for Natural Gas Services Group.

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

NGS has been the topic of several analyst reports. Zacks Investment Research raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th.

Natural Gas Services Group (NYSE NGS) traded up $0.10 during mid-day trading on Wednesday, hitting $26.05. The company had a trading volume of 14,834 shares, compared to its average volume of 38,682. The firm has a market cap of $338.31, a price-to-earnings ratio of 144.72 and a beta of 1.28. Natural Gas Services Group has a twelve month low of $22.40 and a twelve month high of $33.40.

In other news, CEO Stephen Charles Taylor sold 16,212 shares of the company’s stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $25.17, for a total transaction of $408,056.04. Following the completion of the sale, the chief executive officer now directly owns 293,300 shares of the company’s stock, valued at $7,382,361. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO G Larry Lawrence sold 6,000 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 39,478 shares of the company’s stock, valued at $996,029.94. The disclosure for this sale can be found here. Insiders have sold 26,086 shares of company stock valued at $670,155 in the last ninety days. Company insiders own 6.53% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its stake in Natural Gas Services Group by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 89,885 shares of the oil and gas company’s stock worth $2,234,000 after acquiring an additional 579 shares in the last quarter. Voya Investment Management LLC lifted its stake in Natural Gas Services Group by 10.7% in the 2nd quarter. Voya Investment Management LLC now owns 9,464 shares of the oil and gas company’s stock worth $235,000 after acquiring an additional 916 shares in the last quarter. Bank of America Corp DE lifted its stake in Natural Gas Services Group by 29.0% in the 1st quarter. Bank of America Corp DE now owns 5,239 shares of the oil and gas company’s stock worth $137,000 after acquiring an additional 1,178 shares in the last quarter. Teachers Advisors LLC lifted its stake in Natural Gas Services Group by 4.4% in the 2nd quarter. Teachers Advisors LLC now owns 33,395 shares of the oil and gas company’s stock worth $830,000 after acquiring an additional 1,402 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Natural Gas Services Group by 14.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,424 shares of the oil and gas company’s stock worth $284,000 after acquiring an additional 1,415 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “$18.97 Million in Sales Expected for Natural Gas Services Group, Inc. (NGS) This Quarter” was first reported by Transcript Daily and is the property of of Transcript Daily. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://transcriptdaily.com/2017/12/27/18-97-million-in-sales-expected-for-natural-gas-services-group-inc-ngs-this-quarter.html.

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.

Get a free copy of the Zacks research report on Natural Gas Services Group (NGS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Natural Gas Services Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Gas Services Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply