Research Analysts Offer Predictions for Natural Gas Services Group, Inc.’s Q3 2019 Earnings (NGS)

Natural Gas Services Group, Inc. (NYSE:NGS) – Research analysts at Imperial Capital increased their Q3 2019 earnings per share (EPS) estimates for shares of Natural Gas Services Group in a research report issued to clients and investors on Wednesday, May 15th. Imperial Capital analyst J. Wangler now forecasts that the oil and gas company will post earnings of $0.09 per share for the quarter, up from their prior estimate of $0.08. Imperial Capital also issued estimates for Natural Gas Services Group’s FY2020 earnings at $0.58 EPS.

Natural Gas Services Group (NYSE:NGS) last announced its earnings results on Thursday, May 9th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.03. Natural Gas Services Group had a return on equity of 0.46% and a net margin of 0.81%. The business had revenue of $17.99 million for the quarter, compared to analyst estimates of $17.46 million.

A number of other equities research analysts have also issued reports on NGS. Zacks Investment Research lowered Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine lowered Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st. Finally, Maxim Group began coverage on Natural Gas Services Group in a research report on Friday, January 25th. They set a “buy” rating and a $24.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $47.25.

Shares of Natural Gas Services Group stock opened at $16.20 on Thursday. Natural Gas Services Group has a 52-week low of $15.25 and a 52-week high of $24.60. The company has a market capitalization of $208.43 million, a P/E ratio of 202.50 and a beta of 1.29.

Several large investors have recently bought and sold shares of the business. Oslo Asset Management AS increased its holdings in shares of Natural Gas Services Group by 61.4% during the 4th quarter. Oslo Asset Management AS now owns 970,958 shares of the oil and gas company’s stock worth $15,963,000 after acquiring an additional 369,370 shares during the last quarter. AltraVue Capital LLC acquired a new position in shares of Natural Gas Services Group during the 4th quarter worth approximately $3,766,000. Wellington Management Group LLP increased its holdings in shares of Natural Gas Services Group by 24.5% during the 1st quarter. Wellington Management Group LLP now owns 677,453 shares of the oil and gas company’s stock worth $11,727,000 after acquiring an additional 133,442 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in shares of Natural Gas Services Group by 32.1% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 227,241 shares of the oil and gas company’s stock worth $3,934,000 after acquiring an additional 55,232 shares during the last quarter. Finally, Vanguard Group Inc increased its holdings in shares of Natural Gas Services Group by 7.5% during the 3rd quarter. Vanguard Group Inc now owns 635,357 shares of the oil and gas company’s stock worth $13,407,000 after acquiring an additional 44,276 shares during the last quarter. 90.32% of the stock is currently owned by hedge funds and other institutional investors.

In other Natural Gas Services Group news, VP James R. Hazlett sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $17.30, for a total transaction of $34,600.00. Following the transaction, the vice president now owns 55,682 shares of the company’s stock, valued at approximately $963,298.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James R. Hazlett sold 3,100 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $17.78, for a total value of $55,118.00. Following the transaction, the vice president now directly owns 48,995 shares in the company, valued at approximately $871,131.10. The disclosure for this sale can be found here. Insiders have sold a total of 16,399 shares of company stock worth $292,896 in the last ninety days. Insiders own 6.61% of the company’s stock.

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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