Equities analysts expect Natural Gas Services Group, Inc. (NYSE:NGS) to announce sales of $18.19 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Natural Gas Services Group’s earnings, with the lowest sales estimate coming in at $17.77 million and the highest estimate coming in at $18.60 million. Natural Gas Services Group reported sales of $16.18 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.4%. The business is scheduled to announce its next earnings report on Thursday, November 2nd.

According to Zacks, analysts expect that Natural Gas Services Group will report full-year sales of $18.19 million for the current year, with estimates ranging from $72.57 million to $74.40 million. For the next year, analysts expect that the business will report sales of $87.97 million per share, with estimates ranging from $81.82 million to $94.40 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Natural Gas Services Group.

Natural Gas Services Group (NYSE:NGS) last released its earnings results on Thursday, August 3rd. The oil and gas company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.04). The firm had revenue of $16.20 million during the quarter, compared to analysts’ expectations of $16.03 million. Natural Gas Services Group had a return on equity of 1.41% and a net margin of 4.85%. The firm’s revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share.

Several analysts recently commented on the stock. Seaport Global Securities reissued a “buy” rating on shares of Natural Gas Services Group in a research note on Friday, August 4th. ValuEngine downgraded shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Imperial Capital initiated coverage on shares of Natural Gas Services Group in a research report on Wednesday, August 23rd. They issued an “outperform” rating and a $27.00 price target for the company. Finally, Zacks Investment Research upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $31.25.

In related news, CEO Stephen Charles Taylor sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $24.99, for a total value of $299,880.00. Following the completion of the sale, the chief executive officer now owns 284,245 shares in the company, valued at approximately $7,103,282.55. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.88% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of NGS. Franklin Resources Inc. lifted its position in shares of Natural Gas Services Group by 33.3% in the 2nd quarter. Franklin Resources Inc. now owns 928,700 shares of the oil and gas company’s stock valued at $23,078,000 after acquiring an additional 232,000 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Natural Gas Services Group in the 2nd quarter valued at approximately $1,743,000. Ameriprise Financial Inc. lifted its position in shares of Natural Gas Services Group by 33.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 219,132 shares of the oil and gas company’s stock valued at $5,445,000 after acquiring an additional 55,100 shares in the last quarter. Kennedy Capital Management Inc. lifted its position in shares of Natural Gas Services Group by 24.4% in the 2nd quarter. Kennedy Capital Management Inc. now owns 257,195 shares of the oil and gas company’s stock valued at $6,391,000 after acquiring an additional 50,514 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Natural Gas Services Group by 18.9% in the 1st quarter. Renaissance Technologies LLC now owns 314,400 shares of the oil and gas company’s stock valued at $8,190,000 after acquiring an additional 49,900 shares in the last quarter. Institutional investors and hedge funds own 89.28% of the company’s stock.

TRADEMARK VIOLATION WARNING: This article was first posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/09/24/18-19-million-in-sales-expected-for-natural-gas-services-group-inc-ngs-this-quarter.html.

Shares of Natural Gas Services Group (NYSE:NGS) opened at 25.85 on Friday. The stock has a market capitalization of $334.42 million, a PE ratio of 100.19 and a beta of 1.26. The firm has a 50-day moving average of $24.03 and a 200 day moving average of $25.58. Natural Gas Services Group has a 1-year low of $20.65 and a 1-year high of $34.50.

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