Natural Gas Services Group, Inc. (NGS) Expected to Announce Earnings of $0.07 Per Share

Analysts forecast that Natural Gas Services Group, Inc. (NYSE:NGS) will announce earnings of $0.07 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Natural Gas Services Group’s earnings, with the highest EPS estimate coming in at $0.11 and the lowest estimate coming in at $0.04. Natural Gas Services Group posted earnings of $0.09 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 22.2%. The business is scheduled to issue its next earnings results on Thursday, March 8th.

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

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). The company had revenue of $15.91 million during the quarter, compared to analyst estimates 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 quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the firm earned $0.12 EPS.

Separately, Zacks Investment Research upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th.

Shares of Natural Gas Services Group (NYSE:NGS) traded up $0.25 during mid-day trading on Friday, hitting $29.10. The stock had a trading volume of 17,824 shares, compared to its average volume of 25,679. The firm has a market cap of $373.36, a PE ratio of 161.67 and a beta of 1.28. Natural Gas Services Group has a fifty-two week low of $22.40 and a fifty-two week high of $30.85.

In related news, CFO G Larry Lawrence sold 6,000 shares of Natural Gas Services Group stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $25.23, for a total value of $151,380.00. Following the completion of the transaction, the chief financial officer now owns 39,478 shares in the company, valued at approximately $996,029.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP James R. Hazlett sold 1,890 shares of Natural Gas Services Group stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $28.95, for a total value of $54,715.50. Following the completion of the transaction, the vice president now owns 45,141 shares of the company’s stock, valued at approximately $1,306,831.95. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,787 shares of company stock valued at $1,016,836. 6.88% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of NGS. Northern Trust Corp lifted its stake in Natural Gas Services Group by 6.6% during the second quarter. Northern Trust Corp now owns 575,993 shares of the oil and gas company’s stock worth $14,313,000 after purchasing an additional 35,559 shares in the last quarter. Vanguard Group Inc. increased its holdings in Natural Gas Services Group by 2.5% in the second quarter. Vanguard Group Inc. now owns 569,428 shares of the oil and gas company’s stock valued at $14,151,000 after buying an additional 14,127 shares during the last quarter. Spitfire Capital LLC increased its holdings in Natural Gas Services Group by 6.2% in the third quarter. Spitfire Capital LLC now owns 394,497 shares of the oil and gas company’s stock valued at $11,204,000 after buying an additional 23,096 shares during the last quarter. Punch & Associates Investment Management Inc. increased its holdings in Natural Gas Services Group by 1.2% in the second 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 buying an additional 4,275 shares during the last quarter. Finally, RK Capital Management LLC increased its holdings in Natural Gas Services Group by 2.1% in the third quarter. RK Capital Management LLC now owns 276,110 shares of the oil and gas company’s stock valued at $7,842,000 after buying an additional 5,556 shares during the last quarter. Institutional investors own 90.38% of the company’s stock.

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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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