$0.04 Earnings Per Share Expected for Natural Gas Services Group, Inc. (NYSE:NGS) This Quarter

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Analysts predict that Natural Gas Services Group, Inc. (NYSE:NGS) will post earnings per share (EPS) of $0.04 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Natural Gas Services Group’s earnings, with estimates ranging from $0.02 to $0.06. Natural Gas Services Group reported earnings of $0.02 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 100%. The business is expected to report its next quarterly earnings report on Thursday, August 8th.

On average, analysts expect that Natural Gas Services Group will report full year earnings of $0.21 per share for the current fiscal year, with EPS estimates ranging from $0.08 to $0.29. For the next fiscal year, analysts anticipate that the business will report earnings of $0.37 per share, with EPS estimates ranging from $0.09 to $0.58. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Natural Gas Services Group.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings data 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. The company had revenue of $17.99 million during the quarter, compared to the consensus estimate of $17.46 million. Natural Gas Services Group had a return on equity of 0.46% and a net margin of 0.81%.

A number of research analysts recently issued reports on NGS shares. Zacks Investment Research downgraded H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

Shares of NYSE:NGS traded down $0.74 during mid-day trading on Monday, reaching $15.39. 33,526 shares of the company traded hands, compared to its average volume of 38,048. The stock’s 50 day simple moving average is $15.77. The company has a market capitalization of $213.40 million, a price-to-earnings ratio of 192.38 and a beta of 1.24. Natural Gas Services Group has a 52 week low of $14.87 and a 52 week high of $23.35.

In related news, Director David L. Bradshaw sold 3,356 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was 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 transaction was disclosed in a legal filing with the SEC, 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 completion of the transaction, the vice president now directly owns 48,995 shares in the company, valued at $871,131.10. The disclosure for this sale can be found here. 6.20% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its holdings in shares of Natural Gas Services Group by 451.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,612 shares of the oil and gas company’s stock worth $45,000 after acquiring an additional 2,138 shares in the last quarter. Metropolitan Life Insurance Co. NY raised its holdings in shares of Natural Gas Services Group by 317.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,486 shares of the oil and gas company’s stock worth $74,000 after acquiring an additional 3,411 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Natural Gas Services Group during the 1st quarter worth approximately $104,000. Bank of America Corp DE raised its holdings in shares of Natural Gas Services Group by 43.4% during the 4th quarter. Bank of America Corp DE now owns 10,765 shares of the oil and gas company’s stock worth $177,000 after acquiring an additional 3,259 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Natural Gas Services Group during the 1st quarter worth approximately $229,000. 89.82% of the stock is currently owned by institutional investors.

About Natural Gas Services Group

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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