Natural Gas Services Group, Inc. (NYSE:NGS) Expected to Earn Q4 2019 Earnings of $0.03 Per Share

Natural Gas Services Group, Inc. (NYSE:NGS) – Equities research analysts at Seaport Global Securities decreased their Q4 2019 earnings per share estimates for shares of Natural Gas Services Group in a note issued to investors on Monday, August 12th. Seaport Global Securities analyst M. Urban now expects that the oil and gas company will earn $0.03 per share for the quarter, down from their prior estimate of $0.09. Seaport Global Securities also issued estimates for Natural Gas Services Group’s Q1 2020 earnings at $0.01 EPS, Q2 2020 earnings at $0.05 EPS, Q3 2020 earnings at $0.08 EPS and Q4 2020 earnings at $0.08 EPS.

Several other equities analysts have also recently commented on the stock. Imperial Capital dropped their target price on shares of Natural Gas Services Group from $21.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. ValuEngine upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Finally, Maxim Group reiterated a “buy” rating and set a $18.00 price objective (down from $24.00) on shares of Natural Gas Services Group in a research report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $19.67.



Shares of NYSE:NGS opened at $10.96 on Wednesday. The firm has a 50 day moving average of $15.26 and a 200-day moving average of $16.56. The stock has a market capitalization of $155.42 million, a PE ratio of 137.00 and a beta of 1.23. Natural Gas Services Group has a 12 month low of $10.79 and a 12 month high of $23.00.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. HITE Hedge Asset Management LLC acquired a new position in Natural Gas Services Group in the 1st quarter valued at approximately $598,000. BlackRock Inc. boosted its stake in shares of Natural Gas Services Group by 1.6% in the 4th quarter. BlackRock Inc. now owns 934,501 shares of the oil and gas company’s stock valued at $15,363,000 after purchasing an additional 14,906 shares during the last quarter. Anderson Hoagland & Co. boosted its stake in shares of Natural Gas Services Group by 6.8% in the 1st quarter. Anderson Hoagland & Co. now owns 88,823 shares of the oil and gas company’s stock valued at $1,641,000 after purchasing an additional 5,661 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Natural Gas Services Group by 3.9% in the 1st quarter. Royce & Associates LP now owns 266,628 shares of the oil and gas company’s stock valued at $4,615,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Natural Gas Services Group by 18.7% in the 1st quarter. Victory Capital Management Inc. now owns 72,957 shares of the oil and gas company’s stock valued at $1,263,000 after purchasing an additional 11,514 shares during the last quarter. Institutional investors and hedge funds own 90.22% of the company’s stock.

In related news, Director David L. Bradshaw sold 3,356 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $15.10, for a total transaction of $50,675.60. Following the completion of the transaction, the director now directly owns 23,600 shares in the company, valued at approximately $356,360. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 6.20% of the stock is owned by corporate insiders.

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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