Analysts expect that Natural Gas Services Group, Inc. (NYSE:NGS) will report earnings of $0.06 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Natural Gas Services Group’s earnings. The lowest EPS estimate is $0.03 and the highest is $0.09. Natural Gas Services Group posted earnings of $0.02 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 200%. The company is expected to issue its next earnings report on Thursday, November 14th.

On average, analysts expect that Natural Gas Services Group will report full-year earnings of $0.19 per share for the current year, with EPS estimates ranging from $0.14 to $0.25. For the next fiscal year, analysts anticipate that the business will post earnings of $0.38 per share, with EPS estimates ranging from $0.28 to $0.45. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Natural Gas Services Group.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings results on Tuesday, August 6th. 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 company had revenue of $19.90 million for the quarter, compared to analysts’ expectations of $17.95 million. Natural Gas Services Group had a net margin of 1.25% and a return on equity of 0.58%.

A number of brokerages have recently issued reports on NGS. Imperial Capital dropped their price target on shares of Natural Gas Services Group from $21.00 to $18.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Zacks Investment Research downgraded shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. ValuEngine raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Maxim Group reaffirmed a “buy” rating and set a $18.00 price target (down previously from $24.00) on shares of Natural Gas Services Group in a report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Natural Gas Services Group has a consensus rating of “Hold” and a consensus target price of $19.67.

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 transaction, the director now owns 23,600 shares of the company’s stock, valued at $356,360. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 6.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of NGS. BlackRock Inc. boosted its position in Natural Gas Services Group by 3.2% in the second quarter. BlackRock Inc. now owns 940,085 shares of the oil and gas company’s stock valued at $15,512,000 after buying an additional 29,562 shares during the last quarter. Parametric Portfolio Associates LLC purchased a new position in shares of Natural Gas Services Group during the 2nd quarter valued at approximately $193,000. Renaissance Technologies LLC lifted its position in shares of Natural Gas Services Group by 11.2% during the 2nd quarter. Renaissance Technologies LLC now owns 537,005 shares of the oil and gas company’s stock valued at $8,861,000 after buying an additional 54,000 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of Natural Gas Services Group by 32.2% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 300,425 shares of the oil and gas company’s stock valued at $4,957,000 after buying an additional 73,184 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Natural Gas Services Group by 3.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 73,004 shares of the oil and gas company’s stock valued at $1,205,000 after buying an additional 2,743 shares in the last quarter. 90.22% of the stock is currently owned by institutional investors.

Shares of NYSE NGS traded down $0.47 during trading on Wednesday, reaching $11.03. 80,900 shares of the company traded hands, compared to its average volume of 38,699. The firm’s 50 day moving average price is $15.35. The stock has a market capitalization of $164.41 million, a PE ratio of 137.88 and a beta of 1.23. Natural Gas Services Group has a 52-week low of $11.00 and a 52-week high of $23.00.

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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