$18.97 Million in Sales Expected for Natural Gas Services Group, Inc. (NGS) This Quarter

Brokerages expect that Natural Gas Services Group, Inc. (NYSE:NGS) will report sales of $18.97 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Natural Gas Services Group’s earnings, with the highest sales estimate coming in at $22.80 million and the lowest estimate coming in at $16.90 million. Natural Gas Services Group reported sales of $16.70 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.6%. The firm is expected to announce its next quarterly earnings report before the market opens on Thursday, March 8th.

On average, 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 fiscal year, analysts expect 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 an average based on a survey of sell-side analysts that that provide coverage for Natural Gas Services Group.

Separately, Zacks Investment Research upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th.

Natural Gas Services Group (NYSE NGS) opened at $26.30 on Thursday. The company has a market cap of $335.18, a PE ratio of 143.89 and a beta of 1.22. Natural Gas Services Group has a 12-month low of $22.40 and a 12-month high of $29.55.

In other news, VP James R. Hazlett sold 1,890 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $28.95, for a total transaction of $54,715.50. Following the completion of the transaction, the vice president now owns 45,141 shares in the company, valued at $1,306,831.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen Charles Taylor sold 16,212 shares of the company’s stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $25.17, for a total transaction of $408,056.04. Following the transaction, the chief executive officer now owns 293,300 shares of the company’s stock, valued at approximately $7,382,361. The disclosure for this sale can be found here. Insiders have sold 38,787 shares of company stock valued at $1,016,836 in the last 90 days. Insiders own 6.53% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its holdings in Natural Gas Services Group by 0.6% in the second 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 during the period. Voya Investment Management LLC lifted its holdings in Natural Gas Services Group by 10.7% in the second 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 during the period. Teachers Advisors LLC lifted its holdings in Natural Gas Services Group by 4.4% in the second 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 during the period. The Manufacturers Life Insurance Company lifted its holdings in Natural Gas Services Group by 14.1% in the second 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 during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Natural Gas Services Group by 31.3% in the second quarter. JPMorgan Chase & Co. now owns 14,454 shares of the oil and gas company’s stock worth $359,000 after purchasing an additional 3,445 shares during the period. Institutional investors and hedge funds own 89.72% 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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