$19.32 Million in Sales Expected for Natural Gas Services Group, Inc. (NGS) This Quarter

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

On average, analysts expect that Natural Gas Services Group will report full-year sales of $70.43 million for the current fiscal year, with estimates ranging from $70.10 million to $71.00 million. For the next fiscal year, analysts forecast that the business will post sales of $84.77 million, with estimates ranging from $78.00 million to $93.10 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Natural Gas Services Group.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings data on Thursday, November 8th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. The business had revenue of $16.40 million for the quarter, compared to analysts’ expectations of $18.27 million. Natural Gas Services Group had a return on equity of 0.53% and a net margin of 30.05%.

NGS has been the topic of several recent research reports. Zacks Investment Research cut Natural Gas Services Group from a “buy” rating to a “hold” rating in a report on Saturday, July 21st. ValuEngine raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Finally, Seaport Global Securities set a $24.00 price objective on Natural Gas Services Group and gave the stock a “buy” rating in a report on Friday, August 17th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $55.33.

In related news, CEO Stephen Charles Taylor sold 1,306 shares of the stock in a transaction on Thursday, August 23rd. The stock was sold at an average price of $22.51, for a total transaction of $29,398.06. Following the sale, the chief executive officer now owns 319,982 shares in the company, valued at approximately $7,202,794.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 21,106 shares of company stock worth $466,551 over the last ninety days. Insiders own 6.61% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Strs Ohio grew its position in Natural Gas Services Group by 9.8% in the 2nd quarter. Strs Ohio now owns 29,200 shares of the oil and gas company’s stock valued at $689,000 after acquiring an additional 2,600 shares during the last quarter. Segall Bryant & Hamill LLC grew its position in shares of 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 buying an additional 5,797 shares in the last quarter. California Public Employees Retirement System grew its position in shares of 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 buying an additional 3,187 shares in the last quarter. Putnam Investments LLC bought a new position in shares of Natural Gas Services Group during the 2nd quarter worth $1,409,000. Finally, Victory Capital Management Inc. grew its position in shares of 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 buying an additional 7,541 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.

Shares of NGS traded down $0.10 during mid-day trading on Wednesday, hitting $20.00. 48,824 shares of the stock were exchanged, compared to its average volume of 47,169. The stock has a market capitalization of $254.40 million, a price-to-earnings ratio of 181.82 and a beta of 1.32. Natural Gas Services Group has a 52-week low of $17.50 and a 52-week high of $29.35.

Natural Gas Services Group Company Profile

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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