Wall Street analysts predict that Natural Gas Services Group, Inc. (NYSE:NGS) will report $0.07 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Natural Gas Services Group’s earnings. The lowest EPS estimate is $0.04 and the highest is $0.11. Natural Gas Services Group posted earnings of $0.09 per share in the same quarter last year, which would suggest a negative year over year growth rate of 22.2%. The firm is scheduled to announce its next quarterly earnings results on Thursday, March 8th.
According to Zacks, analysts expect that Natural Gas Services Group will report full year earnings of $0.16 per share for the current fiscal year, with EPS estimates ranging from $0.13 to $0.21. For the next financial year, analysts forecast that the company will report earnings of $0.49 per share, with EPS estimates ranging from $0.41 to $0.57. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for 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 for the quarter, missing the 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 business had revenue of $15.91 million for the quarter, compared to analyst estimates of $18.05 million. During the same period last year, the business posted $0.12 EPS. Natural Gas Services Group’s revenue was down 1.7% on a year-over-year basis.
In other Natural Gas Services Group 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 transaction, the chief executive officer now owns 293,300 shares of the company’s stock, valued at $7,382,361. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director John Chisholm sold 3,900 shares of Natural Gas Services Group stock in a transaction that occurred on Thursday, December 27th. The stock was sold at an average price of $26.05, for a total value of $101,595.00. Following the transaction, the director now directly owns 29,232 shares in the company, valued at approximately $761,493.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,012 shares of company stock worth $762,626. 6.53% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its position in Natural Gas Services Group by 33.6% during the second quarter. Ameriprise Financial Inc. now owns 219,132 shares of the oil and gas company’s stock worth $5,445,000 after buying an additional 55,100 shares during the period. Vanguard Group Inc. grew its stake in shares of Natural Gas Services Group by 2.5% in the 2nd quarter. Vanguard Group Inc. now owns 569,428 shares of the oil and gas company’s stock valued at $14,151,000 after purchasing an additional 14,127 shares during the last quarter. Algert Global LLC grew its stake in shares of Natural Gas Services Group by 10.4% in the 3rd quarter. Algert Global LLC now owns 77,397 shares of the oil and gas company’s stock valued at $2,198,000 after purchasing an additional 7,266 shares during the last quarter. State Street Corp grew its stake in shares of Natural Gas Services Group by 6.4% in the 2nd quarter. State Street Corp now owns 250,140 shares of the oil and gas company’s stock valued at $6,211,000 after purchasing an additional 15,154 shares during the last quarter. Finally, Sterling Capital Management LLC purchased a new position in shares of Natural Gas Services Group in the 2nd quarter valued at approximately $838,000. 90.24% of the stock is currently owned by institutional investors.
Natural Gas Services Group (NGS) traded down $0.20 on Wednesday, reaching $27.95. The company’s stock had a trading volume of 25,100 shares, compared to its average volume of 30,567. The firm has a market capitalization of $364.19, a price-to-earnings ratio of 155.28 and a beta of 1.28. Natural Gas Services Group has a 52 week low of $22.40 and a 52 week high of $31.70.
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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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