Q2 2019 EPS Estimates for Natural Gas Services Group, Inc. Reduced by Analyst (NYSE:NGS)

Natural Gas Services Group, Inc. (NYSE:NGS) – Equities researchers at Seaport Global Securities reduced their Q2 2019 earnings per share (EPS) estimates for Natural Gas Services Group in a note issued to investors on Tuesday, June 11th. Seaport Global Securities analyst M. Urban now forecasts that the oil and gas company will post earnings of $0.05 per share for the quarter, down from their previous estimate of $0.08. Seaport Global Securities also issued estimates for Natural Gas Services Group’s Q3 2019 earnings at $0.09 EPS, FY2019 earnings at $0.25 EPS, Q1 2020 earnings at $0.06 EPS and FY2020 earnings at $0.45 EPS.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings data on Thursday, May 9th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.03. The firm had revenue of $17.99 million for the quarter, compared to the consensus estimate of $17.46 million. Natural Gas Services Group had a net margin of 0.81% and a return on equity of 0.46%.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Thursday, May 16th. ValuEngine lowered shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, May 1st. Two analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Natural Gas Services Group has a consensus rating of “Hold” and a consensus price target of $47.25.

Shares of Natural Gas Services Group stock opened at $15.85 on Friday. The stock has a market cap of $204.72 million, a price-to-earnings ratio of 154.80 and a beta of 1.24. Natural Gas Services Group has a 12-month low of $14.87 and a 12-month high of $24.50.

A number of institutional investors have recently added to or reduced their stakes in the business. Oslo Asset Management AS raised its holdings in Natural Gas Services Group by 2.6% during the 1st quarter. Oslo Asset Management AS now owns 995,958 shares of the oil and gas company’s stock worth $17,240,000 after purchasing an additional 25,000 shares during the last quarter. BlackRock Inc. raised its holdings in Natural Gas Services Group by 1.6% during the 4th quarter. BlackRock Inc. now owns 934,501 shares of the oil and gas company’s stock worth $15,363,000 after purchasing an additional 14,906 shares during the last quarter. Wellington Management Group LLP raised its holdings in Natural Gas Services Group by 24.5% during the 1st quarter. Wellington Management Group LLP now owns 677,453 shares of the oil and gas company’s stock worth $11,727,000 after purchasing an additional 133,442 shares during the last quarter. Vanguard Group Inc. raised its holdings in Natural Gas Services Group by 7.5% during the 3rd quarter. Vanguard Group Inc. now owns 635,357 shares of the oil and gas company’s stock worth $13,407,000 after purchasing an additional 44,276 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Natural Gas Services Group by 0.5% during the 1st quarter. Northern Trust Corp now owns 558,283 shares of the oil and gas company’s stock worth $9,664,000 after purchasing an additional 2,707 shares during the last quarter. Hedge funds and other institutional investors own 89.80% of the company’s stock.

In related news, Director David L. Bradshaw sold 3,356 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $15.10, for a total value of $50,675.60. Following the completion of the transaction, the director now owns 23,600 shares in the company, valued at approximately $356,360. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO G Larry Lawrence sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $18.39, for a total transaction of $73,560.00. Following the completion of the transaction, the chief financial officer now owns 46,493 shares of the company’s stock, valued at approximately $855,006.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,755 shares of company stock valued at $343,571. 6.61% of the stock is owned by company insiders.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc provides small to medium horsepower compression equipment to the natural gas industry in the United States. The company engages in the rental of small to medium horsepower compression equipment to non-conventional natural gas and oil production businesses. As of December 31, 2018, it had 2,572 natural gas compressors in its rental fleet totaling 398,765 horsepower.

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

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