Wall Street analysts expect that Natural Gas Services Group, Inc. (NYSE:NGS) will announce $18.97 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Natural Gas Services Group’s earnings, with the lowest sales estimate coming in at $16.90 million and the highest estimate coming in at $22.80 million. Natural Gas Services Group posted sales of $16.70 million during the same quarter last year, which suggests a positive year-over-year growth rate of 13.6%. The firm is expected to report its next quarterly earnings results 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 fiscal year, with estimates ranging from $67.90 million to $77.80 million. For the next fiscal year, analysts expect that the company will post sales of $79.30 million per share, with estimates ranging from $71.20 million to $90.90 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Natural Gas Services Group.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). The business had revenue of $15.91 million during 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% compared to the same quarter last year. During the same quarter in the prior year, the business 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 research report on Thursday, November 30th.

In related news, CEO Stephen Charles Taylor sold 16,212 shares of Natural Gas Services Group stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $25.17, for a total transaction of $408,056.04. Following the sale, the chief executive officer now directly owns 293,300 shares in the company, valued at $7,382,361. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Chisholm sold 3,900 shares of Natural Gas Services Group stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $26.05, for a total value of $101,595.00. Following the sale, the director now owns 29,232 shares in the company, valued at $761,493.60. The disclosure for this sale can be found here. Insiders have sold 30,012 shares of company stock worth $762,626 over the last 90 days. 6.53% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Voya Investment Management LLC boosted 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 acquiring an additional 916 shares in the last quarter. The Manufacturers Life Insurance Company boosted 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 acquiring an additional 1,415 shares in the last quarter. JPMorgan Chase & Co. boosted 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 acquiring an additional 3,445 shares in the last quarter. Citigroup Inc. boosted its holdings in Natural Gas Services Group by 83.1% in the second quarter. Citigroup Inc. now owns 14,633 shares of the oil and gas company’s stock worth $364,000 after acquiring an additional 6,643 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Natural Gas Services Group by 15.5% in the second quarter. Russell Investments Group Ltd. now owns 27,600 shares of the oil and gas company’s stock worth $686,000 after acquiring an additional 3,700 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Shares of Natural Gas Services Group (NYSE:NGS) traded up $0.70 during mid-day trading on Friday, hitting $28.65. The stock had a trading volume of 36,400 shares, compared to its average volume of 31,800. The company has a market cap of $364.19, a price-to-earnings ratio of 159.17 and a beta of 1.28. Natural Gas Services Group has a 12-month low of $22.40 and a 12-month high of $31.30.

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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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