Natural Gas Services Group, Inc. (NGS) Expected to Announce Quarterly Sales of $18.15 Million

Analysts expect that Natural Gas Services Group, Inc. (NYSE:NGS) will announce $18.15 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Natural Gas Services Group’s earnings. The highest sales estimate is $18.64 million and the lowest is $17.20 million. Natural Gas Services Group posted sales of $18.20 million in the same quarter last year, which suggests a negative year over year growth rate of 0.3%. The company is expected to issue its next earnings results on Thursday, August 8th.

According to Zacks, analysts expect that Natural Gas Services Group will report full-year sales of $75.23 million for the current fiscal year, with estimates ranging from $71.20 million to $78.50 million. For the next fiscal year, analysts expect that the company will report sales of $82.94 million, with estimates ranging from $76.00 million to $91.90 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Natural Gas Services Group.

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

Several research firms have recently commented on NGS. Zacks Investment Research cut Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Thursday, May 16th. ValuEngine cut Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $47.25.

Shares of NYSE NGS traded up $0.58 during midday trading on Friday, hitting $15.65. The stock had a trading volume of 3,176 shares, compared to its average volume of 48,252. The stock has a market capitalization of $201.10 million, a P/E ratio of 192.75 and a beta of 1.24. Natural Gas Services Group has a fifty-two week low of $14.87 and a fifty-two week high of $24.50.

In other Natural Gas Services Group news, VP James R. Hazlett sold 2,000 shares of Natural Gas Services Group stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $17.30, for a total transaction of $34,600.00. Following the transaction, the vice president now directly owns 55,682 shares in the company, valued at $963,298.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director David L. Bradshaw sold 3,356 shares of Natural Gas Services Group stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $15.10, for a total value of $50,675.60. Following the transaction, the director now owns 23,600 shares in the company, valued at $356,360. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,755 shares of company stock valued at $343,571. 6.61% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of NGS. BNP Paribas Arbitrage SA lifted its holdings in shares of Natural Gas Services Group by 451.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,612 shares of the oil and gas company’s stock valued at $45,000 after purchasing an additional 2,138 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Natural Gas Services Group by 317.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,486 shares of the oil and gas company’s stock valued at $74,000 after purchasing an additional 3,411 shares in the last quarter. BW Gestao de Investimentos Ltda. bought a new stake in shares of Natural Gas Services Group in the first quarter valued at about $94,000. Marshall Wace North America L.P. acquired a new stake in shares of Natural Gas Services Group in the first quarter valued at about $104,000. Finally, MetLife Investment Advisors LLC increased its position in shares of Natural Gas Services Group by 51.3% in the third quarter. MetLife Investment Advisors LLC now owns 10,054 shares of the oil and gas company’s stock valued at $212,000 after acquiring an additional 3,411 shares during the last quarter. Hedge funds and other institutional investors own 89.80% of the company’s stock.

About Natural Gas Services Group

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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