Brokerages predict that Natural Gas Services Group, Inc. (NYSE:NGS) will report earnings of $0.07 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Natural Gas Services Group’s earnings. The highest EPS estimate is $0.11 and the lowest is $0.04. Natural Gas Services Group reported earnings of $0.09 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 22.2%. The business is scheduled to issue its next earnings report on Thursday, March 8th.

According to Zacks, analysts expect that Natural Gas Services Group will report full-year earnings of $0.16 per share for the current fiscal year, with EPS estimates ranging from $0.13 to $0.21. For the next year, analysts expect that the firm will post earnings of $0.49 per share, with EPS estimates ranging from $0.41 to $0.57. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Natural Gas Services Group.

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

Several analysts have issued reports on the company. Zacks Investment Research upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. ValuEngine upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, Imperial Capital assumed 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. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Natural Gas Services Group presently has a consensus rating of “Buy” and a consensus target price of $33.00.

Shares of Natural Gas Services Group (NYSE NGS) opened at $24.95 on Thursday. The company has a market cap of $330.65, a PE ratio of 141.94 and a beta of 1.28. Natural Gas Services Group has a 1 year low of $22.40 and a 1 year high of $34.50.

In other news, VP James R. Hazlett sold 12,350 shares of the company’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $28.02, for a total value of $346,047.00. Following the transaction, the vice president now owns 50,375 shares in the company, valued at approximately $1,411,507.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen Charles Taylor sold 3,874 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were 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 owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in NGS. Bank of America Corp DE grew its stake 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 valued at $137,000 after buying an additional 1,178 shares in the last quarter. Nisa Investment Advisors LLC grew its stake 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 valued at $235,000 after buying an additional 350 shares in the last quarter. Voya Investment Management LLC grew its stake 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 valued at $235,000 after buying an additional 916 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake 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 buying an additional 1,415 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Natural Gas Services Group by 31.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 14,454 shares of the oil and gas company’s stock valued at $359,000 after buying an additional 3,445 shares in the last quarter. 90.26% of the stock is owned by institutional investors and hedge funds.

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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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