Natural Gas Services Group, Inc. Expected to Earn FY2019 Earnings of $0.74 Per Share (NGS)

Natural Gas Services Group, Inc. (NYSE:NGS) – Analysts at Imperial Capital issued their FY2019 earnings per share estimates for shares of Natural Gas Services Group in a note issued to investors on Thursday. Imperial Capital analyst J. Wangler anticipates that the oil and gas company will post earnings per share of $0.74 for the year.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 0.98% and a net margin of 3.41%. Natural Gas Services Group’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.12 earnings per share.

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

Natural Gas Services Group (NGS) opened at $29.10 on Monday. The stock has a market capitalization of $376.59, a P/E ratio of 161.67 and a beta of 1.28. Natural Gas Services Group has a twelve month low of $22.40 and a twelve month high of $30.85.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. lifted its holdings in shares of Natural Gas Services Group by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 89,885 shares of the oil and gas company’s stock worth $2,234,000 after purchasing an additional 579 shares in the last quarter. Voya Investment Management LLC lifted 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 purchasing an additional 916 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Natural Gas Services Group by 4.4% in the 2nd quarter. Teachers Advisors LLC now owns 33,395 shares of the oil and gas company’s stock worth $830,000 after purchasing an additional 1,402 shares in the last quarter. The Manufacturers Life Insurance Company lifted 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 purchasing an additional 1,415 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in 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 during the last quarter. Institutional investors own 90.36% of the company’s stock.

In related news, Director John Chisholm sold 3,900 shares of the stock in a transaction on Thursday, December 27th. The stock was sold at an average price of $26.05, for a total value of $101,595.00. Following the transaction, the director now directly owns 29,232 shares in the company, valued at approximately $761,493.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Stephen Charles Taylor sold 16,212 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $25.17, for a total value of $408,056.04. Following the completion of the transaction, the chief executive officer now owns 293,300 shares in the company, valued at $7,382,361. The disclosure for this sale can be found here. Insiders have sold a total of 38,787 shares of company stock worth $1,016,836 over the last 90 days. Company insiders own 6.53% of the company’s stock.

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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.

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

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