Natural Gas Services Group, Inc. (NGS) Expected to Announce Quarterly Sales of

Wall Street brokerages expect that Natural Gas Services Group, Inc. (NYSE:NGS) will post $19.32 million in sales for the current quarter, according to Zacks. Three analysts have made estimates for Natural Gas Services Group’s earnings. The lowest sales estimate is $18.90 million and the highest is $19.80 million. Natural Gas Services Group reported sales of $16.70 million during the same quarter last year, which indicates a positive year over year growth rate of 15.7%. The firm is scheduled to issue its next quarterly earnings results on Thursday, March 14th.

According to Zacks, analysts expect that Natural Gas Services Group will report full year sales of $70.43 million for the current financial year, with estimates ranging from $70.10 million to $71.00 million. For the next fiscal year, analysts expect 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 firms that cover Natural Gas Services Group.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings results on Thursday, November 8th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $16.40 million for the quarter, compared to analyst estimates of $18.27 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 NGS shares. Seaport Global Securities set a $24.00 price target on shares of Natural Gas Services Group and gave the company a “buy” rating in a report on Friday, August 17th. Zacks Investment Research raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. Finally, ValuEngine raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Natural Gas Services Group currently has a consensus rating of “Buy” and a consensus price target of $55.33.

Shares of Natural Gas Services Group stock traded down $0.10 during midday trading on Wednesday, hitting $20.00. 48,824 shares of the company traded hands, compared to its average volume of 47,169. The firm has a market capitalization of $254.40 million, a PE ratio of 181.82 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.

In related news, CEO Stephen Charles Taylor sold 13,776 shares of Natural Gas Services Group stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $22.01, for a total transaction of $303,209.76. Following the sale, the chief executive officer now directly owns 330,438 shares in the company, valued at approximately $7,272,940.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 21,106 shares of company stock worth $466,551. 6.61% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. FMR LLC lifted its position in shares of Natural Gas Services Group by 39.7% in the 2nd quarter. FMR LLC now owns 504,400 shares of the oil and gas company’s stock worth $11,904,000 after purchasing an additional 143,274 shares during the period. Royce & Associates LP lifted its position in shares of Natural Gas Services Group by 33.3% in the 2nd quarter. Royce & Associates LP now owns 330,484 shares of the oil and gas company’s stock worth $7,799,000 after purchasing an additional 82,500 shares during the period. Acuitas Investments LLC lifted its position in shares of Natural Gas Services Group by 256.8% in the 2nd quarter. Acuitas Investments LLC now owns 102,062 shares of the oil and gas company’s stock worth $2,409,000 after purchasing an additional 73,460 shares during the period. Putnam Investments LLC acquired a new position in shares of Natural Gas Services Group in the 2nd quarter worth approximately $1,409,000. Finally, Renaissance Technologies LLC lifted its position in shares of Natural Gas Services Group by 9.9% in the 2nd quarter. Renaissance Technologies LLC now owns 421,900 shares of the oil and gas company’s stock worth $9,957,000 after purchasing an additional 37,911 shares during the period. Institutional investors and hedge funds own 90.98% of the company’s stock.

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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