Wall Street analysts forecast that Natural Gas Services Group, Inc. (NYSE:NGS) will post $18.76 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Natural Gas Services Group’s earnings. The lowest sales estimate is $17.77 million and the highest is $19.90 million. Natural Gas Services Group posted sales of $16.18 million during the same quarter last year, which suggests a positive year over year growth rate of 15.9%. The company is expected to issue its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that Natural Gas Services Group will report full year sales of $18.76 million for the current year, with estimates ranging from $72.57 million to $77.90 million. For the next fiscal year, analysts expect that the business will report sales of $89.04 million per share, with estimates ranging from $81.82 million to $94.40 million. Zacks’ sales calculations are a mean 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 issued its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.04). The business had revenue of $16.20 million for the quarter, compared to analyst estimates 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 for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 EPS.

NGS has been the subject of a number of research analyst reports. ValuEngine downgraded shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Imperial Capital initiated coverage on Natural Gas Services Group in a report on Wednesday, August 23rd. They set an “outperform” rating and a $27.00 price objective on the stock. Zacks Investment Research upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Seaport Global Securities restated a “buy” rating on shares of Natural Gas Services Group in a report on Friday, August 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $32.67.

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Shares of Natural Gas Services Group (NYSE NGS) opened at 29.05 on Thursday. Natural Gas Services Group has a 1-year low of $20.65 and a 1-year high of $34.50. The stock has a 50 day moving average of $25.83 and a 200 day moving average of $25.81. The firm has a market cap of $375.82 million, a PE ratio of 112.60 and a beta of 1.28.

In other Natural Gas Services Group news, VP James R. Hazlett sold 12,350 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $28.02, for a total transaction of $346,047.00. Following the sale, the vice president now owns 50,375 shares in the company, valued at approximately $1,411,507.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Stephen Charles Taylor sold 3,874 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $28.58, for a total value of $110,718.92. The disclosure for this sale can be found here. 6.88% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC acquired a new position in shares of Natural Gas Services Group in the 2nd quarter valued at about $838,000. The Manufacturers Life Insurance Company increased its holdings in shares of 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 valued at $284,000 after purchasing an additional 1,415 shares during the period. State Street Corp increased its holdings in shares of Natural Gas Services Group by 6.4% in the 2nd quarter. State Street Corp now owns 250,140 shares of the oil and gas company’s stock valued at $6,211,000 after purchasing an additional 15,154 shares during the period. Punch & Associates Investment Management Inc. increased its holdings in shares of Natural Gas Services Group by 1.2% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 372,960 shares of the oil and gas company’s stock valued at $9,268,000 after purchasing an additional 4,275 shares during the period. Finally, Brandywine Global Investment Management LLC increased its holdings in shares of Natural Gas Services Group by 6.2% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 139,851 shares of the oil and gas company’s stock valued at $3,476,000 after purchasing an additional 8,170 shares during the period. Institutional investors own 89.28% of the company’s stock.

Natural Gas Services Group Company Profile

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.

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

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