Wall Street brokerages expect Natural Gas Services Group, Inc. (NYSE:NGS) to post sales of $18.97 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Natural Gas Services Group’s earnings, with the lowest sales estimate coming in at $16.90 million and the highest estimate coming in at $22.80 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 13.6%. The business is scheduled to announce its next quarterly earnings report on Thursday, March 8th.

According to Zacks, analysts expect that Natural Gas Services Group will report full year sales of $18.97 million for the current year, with estimates ranging from $67.90 million to $77.80 million. For the next financial year, analysts anticipate that the company will report sales of $79.30 million per share, with estimates ranging from $71.20 million to $90.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Natural Gas Services Group.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). The business had revenue of $15.91 million for the quarter, compared to the consensus estimate of $18.05 million. Natural Gas Services Group had a net margin of 3.41% and a return on equity of 0.98%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 EPS.

A number of analysts have commented on NGS shares. ValuEngine upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Imperial Capital started coverage on shares of Natural Gas Services Group in a research note on Wednesday, August 23rd. They set an “outperform” rating and a $27.00 price target for the company. Zacks Investment Research lowered shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Saturday, November 4th. Finally, Seaport Global Securities restated a “buy” rating on shares of Natural Gas Services Group in a research note on Friday, August 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $32.67.

In other news, CEO Stephen Charles Taylor sold 3,874 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $28.58, for a total value of $110,718.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP James R. Hazlett sold 12,350 shares of the company’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $28.02, for a total transaction of $346,047.00. Following the completion of the sale, the vice president now owns 50,375 shares of the company’s stock, valued at approximately $1,411,507.50. The disclosure for this sale can be found here. Corporate insiders own 6.53% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings in shares of Natural Gas Services Group by 29.0% in the 1st quarter. Bank of America Corp DE now owns 5,239 shares of the oil and gas company’s stock worth $137,000 after buying an additional 1,178 shares during the last quarter. American International Group Inc. boosted its holdings in shares of Natural Gas Services Group by 7.1% in the 1st quarter. American International Group Inc. now owns 7,594 shares of the oil and gas company’s stock worth $198,000 after buying an additional 504 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Natural Gas Services Group by 4.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 9,070 shares of the oil and gas company’s stock worth $235,000 after buying an additional 350 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Natural Gas Services Group by 10.7% in the 2nd quarter. Voya Investment Management LLC now owns 9,464 shares of the oil and gas company’s stock worth $235,000 after buying an additional 916 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted 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 worth $284,000 after buying an additional 1,415 shares during the last quarter. Hedge funds and other institutional investors own 90.58% of the company’s stock.

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Shares of Natural Gas Services Group (NYSE:NGS) traded up $0.20 during mid-day trading on Tuesday, reaching $25.75. 14,500 shares of the company’s stock were exchanged, compared to its average volume of 40,148. The company has a market cap of $330.65, a price-to-earnings ratio of 141.94 and a beta of 1.33. Natural Gas Services Group has a fifty-two week low of $22.40 and a fifty-two week 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.

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

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