Zacks: Brokerages Anticipate Natural Gas Services Group, Inc. (NYSE:NGS) to Post $0.06 EPS

Wall Street analysts expect Natural Gas Services Group, Inc. (NYSE:NGS) to announce earnings per share (EPS) of $0.06 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Natural Gas Services Group’s earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.09. Natural Gas Services Group posted earnings of $0.02 per share during the same quarter last year, which would suggest a positive year over year growth rate of 200%. The firm is expected to report its next earnings results on Thursday, November 14th.

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

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Natural Gas Services Group had a net margin of 1.25% and a return on equity of 0.58%. The business had revenue of $19.90 million during the quarter, compared to analyst estimates of $17.95 million.

A number of research firms have issued reports on NGS. Maxim Group reaffirmed a “buy” rating and set a $18.00 price objective (down from $24.00) on shares of Natural Gas Services Group 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. Imperial Capital cut their price objective 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. Finally, ValuEngine raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $19.67.

In related news, Director David L. Bradshaw sold 3,356 shares of the business’s stock in a transaction dated 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 directly owns 23,600 shares of the company’s stock, valued at approximately $356,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.20% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of NGS. BNP Paribas Arbitrage SA raised its stake in Natural Gas Services Group by 451.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,612 shares of the oil and gas company’s stock valued at $45,000 after acquiring an additional 2,138 shares during the period. Aperio Group LLC bought a new stake in Natural Gas Services Group in the 2nd quarter valued at about $50,000. TRUE Private Wealth Advisors bought a new stake in Natural Gas Services Group in the 2nd quarter valued at about $63,000. Metropolitan Life Insurance Co. NY raised its stake in Natural Gas Services Group by 317.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,486 shares of the oil and gas company’s stock valued at $74,000 after acquiring an additional 3,411 shares during the period. Finally, Marshall Wace North America L.P. bought a new stake in Natural Gas Services Group in the 1st quarter valued at about $104,000. 90.05% of the stock is currently owned by institutional investors.

NGS traded down $0.61 during mid-day trading on Wednesday, reaching $11.82. 2,414 shares of the stock were exchanged, compared to its average volume of 33,350. The stock has a market capitalization of $164.45 million, a PE ratio of 146.99 and a beta of 1.23. The business has a 50 day moving average of $15.70. Natural Gas Services Group has a 1 year low of $12.28 and a 1 year 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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