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

Analysts forecast that Natural Gas Services Group, Inc. (NYSE:NGS) will announce $18.97 million in sales for the current quarter, Zacks reports. Three analysts have made 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 reported sales of $16.70 million during the same quarter last year, which would suggest a positive year over year growth rate of 13.6%. The firm is expected to issue its next quarterly earnings results on Thursday, March 8th.

According to Zacks, 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 forecast that the firm 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 a mean average based on a survey of sell-side research firms that cover Natural Gas Services Group.

Natural Gas Services Group (NYSE:NGS) last issued its earnings results on Thursday, November 2nd. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.01). Natural Gas Services Group had a return on equity of 0.98% and a net margin of 3.41%. The firm had revenue of $15.91 million during the quarter, compared to the consensus estimate of $18.05 million. During the same period last year, the firm posted $0.12 earnings per share. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year.

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

Shares of Natural Gas Services Group (NYSE:NGS) opened at $29.10 on Monday. Natural Gas Services Group has a twelve month low of $22.40 and a twelve month high of $30.85. The stock has a market capitalization of $373.36, a PE ratio of 161.67 and a beta of 1.28.

In related news, CEO Stephen Charles Taylor sold 16,212 shares of Natural Gas Services Group stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $25.17, for a total value of $408,056.04. Following the completion of the transaction, the chief executive officer now owns 293,300 shares in the company, valued at $7,382,361. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO G Larry Lawrence sold 6,000 shares of Natural Gas Services Group stock in a transaction dated Tuesday, December 19th. The stock was sold at an average price of $25.23, for a total value of $151,380.00. Following the completion of the transaction, the chief financial officer now owns 39,478 shares of the company’s stock, valued at approximately $996,029.94. The disclosure for this sale can be found here. Insiders sold 38,787 shares of company stock worth $1,016,836 over the last ninety days. Insiders own 6.88% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thomson Horstmann & Bryant Inc. grew its position in Natural Gas Services Group by 9.8% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 200,222 shares of the oil and gas company’s stock worth $5,245,000 after acquiring an additional 17,874 shares in the last quarter. Algert Global LLC grew its position in Natural Gas Services Group by 10.4% in the third quarter. Algert Global LLC now owns 77,397 shares of the oil and gas company’s stock worth $2,198,000 after acquiring an additional 7,266 shares in the last quarter. Spitfire Capital LLC grew its position in Natural Gas Services Group by 6.2% in the third quarter. Spitfire Capital LLC now owns 394,497 shares of the oil and gas company’s stock worth $11,204,000 after acquiring an additional 23,096 shares in the last quarter. RK Capital Management LLC grew its position in Natural Gas Services Group by 2.1% in the third quarter. RK Capital Management LLC now owns 276,110 shares of the oil and gas company’s stock worth $7,842,000 after acquiring an additional 5,556 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in Natural Gas Services Group by 3.6% in the third quarter. Schwab Charles Investment Management Inc. now owns 93,106 shares of the oil and gas company’s stock worth $2,645,000 after acquiring an additional 3,221 shares in the last quarter. Institutional investors own 90.38% 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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