Analysts expect that Natural Gas Services Group, Inc. (NYSE:NGS) will announce $0.04 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made 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 $0.05. Natural Gas Services Group reported earnings per share of $0.02 in the same quarter last year, which suggests a positive year-over-year growth rate of 100%. The company is scheduled to report its next earnings report on Thursday, November 14th.

On average, analysts expect that Natural Gas Services Group will report full year earnings of $0.16 per share for the current financial year, with EPS estimates ranging from $0.14 to $0.18. For the next financial year, analysts anticipate that the company will post earnings of $0.34 per share, with EPS estimates ranging from $0.28 to $0.40. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Natural Gas Services Group.

Natural Gas Services Group (NYSE:NGS) last announced 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 return on equity of 0.58% and a net margin of 1.25%. The company had revenue of $19.90 million during the quarter, compared to the consensus estimate of $17.95 million.

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

Several hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA boosted its position in shares of Natural Gas Services Group by 451.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,612 shares of the oil and gas company’s stock worth $45,000 after buying an additional 2,138 shares during the period. Aperio Group LLC acquired a new stake in shares of Natural Gas Services Group in the second quarter worth about $50,000. TRUE Private Wealth Advisors acquired a new stake in shares of Natural Gas Services Group in the second quarter worth about $63,000. Marshall Wace North America L.P. acquired a new stake in shares of Natural Gas Services Group in the first quarter worth about $104,000. Finally, Bank of America Corp DE lifted its position in shares of Natural Gas Services Group by 43.4% in the fourth quarter. Bank of America Corp DE now owns 10,765 shares of the oil and gas company’s stock worth $177,000 after buying an additional 3,259 shares during the last quarter. Institutional investors own 90.57% of the company’s stock.

Shares of NGS stock traded up $0.62 during mid-day trading on Friday, hitting $13.90. 249,847 shares of the stock traded hands, compared to its average volume of 91,040. Natural Gas Services Group has a twelve month low of $10.22 and a twelve month high of $21.55. The firm has a market cap of $183.90 million, a price-to-earnings ratio of 173.75 and a beta of 1.37. The company’s 50-day simple moving average is $12.31 and its 200-day simple moving average is $15.52.

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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