$0.02 EPS Expected for Natural Gas Services Group, Inc. (NGS) This Quarter

Wall Street analysts forecast that Natural Gas Services Group, Inc. (NYSE:NGS) will announce earnings per share of $0.02 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Natural Gas Services Group’s earnings. Natural Gas Services Group posted earnings per share of $0.04 during the same quarter last year, which indicates a negative year over year growth rate of 50%. The business 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 earnings of $0.10 per share for the current financial year. For the next fiscal year, analysts expect that the company will report earnings of $0.39 per share, with EPS estimates ranging from $0.34 to $0.45. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Natural Gas Services Group.

Natural Gas Services Group (NYSE:NGS) last issued its earnings results on Thursday, August 9th. The oil and gas company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.04). The company had revenue of $18.20 million during the quarter, compared to the consensus estimate of $17.54 million. Natural Gas Services Group had a return on equity of 0.53% and a net margin of 30.05%.

A number of research analysts have issued reports on NGS shares. Zacks Investment Research upgraded shares of Natural Gas Services Group from a “sell” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Thursday, July 12th. 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 research note on Friday, August 17th. Finally, ValuEngine upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $55.33.

In other news, CEO Stephen Charles Taylor sold 13,776 shares of the stock in a transaction on Wednesday, August 29th. The shares were 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 $7,272,940.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 21,106 shares of company stock worth $466,551 in the last quarter. Company insiders own 6.61% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Strs Ohio lifted its holdings in shares of 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 valued at $689,000 after buying an additional 2,600 shares during the last quarter. Segall Bryant & Hamill LLC raised its position in Natural Gas Services Group by 24.1% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 29,897 shares of the oil and gas company’s stock valued at $706,000 after purchasing an additional 5,797 shares during the last quarter. California Public Employees Retirement System raised its position in Natural Gas Services Group by 10.8% in the 1st quarter. California Public Employees Retirement System now owns 32,587 shares of the oil and gas company’s stock valued at $777,000 after purchasing an additional 3,187 shares during the last quarter. Putnam Investments LLC purchased a new stake in Natural Gas Services Group in the 2nd quarter valued at $1,409,000. Finally, Victory Capital Management Inc. raised its position in Natural Gas Services Group by 14.2% in the 2nd quarter. Victory Capital Management Inc. now owns 60,755 shares of the oil and gas company’s stock valued at $1,434,000 after purchasing an additional 7,541 shares during the last quarter. Hedge funds and other institutional investors own 90.98% of the company’s stock.

Shares of Natural Gas Services Group stock traded up $0.34 on Monday, hitting $19.78. 831 shares of the company’s stock were exchanged, compared to its average volume of 46,838. The stock has a market capitalization of $248.90 million, a PE ratio of 176.95 and a beta of 1.32. Natural Gas Services Group has a 1 year low of $17.50 and a 1 year 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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Earnings History and Estimates for Natural Gas Services Group (NYSE:NGS)

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