Natural Gas Services Group, Inc. (NYSE:NGS) – Investment analysts at Seaport Global Securities reduced their FY2017 earnings per share (EPS) estimates for Natural Gas Services Group in a note issued to investors on Monday. Seaport Global Securities analyst M. Urban now forecasts that the oil and gas company will earn $0.13 per share for the year, down from their previous forecast of $0.19. Seaport Global Securities currently has a “Buy” rating on the stock. Seaport Global Securities also issued estimates for Natural Gas Services Group’s Q4 2017 earnings at $0.04 EPS, Q2 2018 earnings at $0.08 EPS, Q3 2018 earnings at $0.11 EPS, Q4 2018 earnings at $0.15 EPS and Q3 2019 earnings at $0.23 EPS.

NGS has been the topic of a number of other research reports. Zacks Investment Research upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. ValuEngine upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, Imperial Capital began coverage on Natural Gas Services Group in a report on Wednesday, August 23rd. They set an “outperform” rating and a $27.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Natural Gas Services Group presently has an average rating of “Hold” and a consensus target price of $32.67.

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Natural Gas Services Group (NYSE NGS) opened at $26.55 on Tuesday. Natural Gas Services Group has a 12-month low of $22.40 and a 12-month high of $34.50. The firm has a market cap of $356.53, a P/E ratio of 153.06 and a beta of 1.33.

Natural Gas Services Group (NYSE:NGS) last announced its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The business had revenue of $15.91 million for the quarter, compared to analyst estimates of $18.05 million. Natural Gas Services Group had a net margin of 3.41% and a return on equity of 0.98%. The company’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the firm earned $0.12 earnings per share.

In other Natural Gas Services Group news, VP James R. Hazlett sold 12,350 shares of the firm’s stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $28.02, for a total value of $346,047.00. Following the completion of the sale, the vice president now directly owns 50,375 shares of the company’s stock, valued at $1,411,507.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen Charles Taylor sold 3,874 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $28.58, for a total value of $110,718.92. The disclosure for this sale can be found here. Company insiders own 6.88% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. grew its position in shares of Natural Gas Services Group by 33.3% in the second quarter. Franklin Resources Inc. now owns 928,700 shares of the oil and gas company’s stock valued at $23,078,000 after purchasing an additional 232,000 shares in the last quarter. Algert Global LLC purchased a new position in shares of Natural Gas Services Group in the second quarter valued at $1,743,000. Ameriprise Financial Inc. grew its position in shares of Natural Gas Services Group by 33.6% in the second quarter. Ameriprise Financial Inc. now owns 219,132 shares of the oil and gas company’s stock valued at $5,445,000 after purchasing an additional 55,100 shares in the last quarter. Monarch Partners Asset Management LLC grew its position in shares of Natural Gas Services Group by 364.8% in the third quarter. Monarch Partners Asset Management LLC now owns 67,440 shares of the oil and gas company’s stock valued at $1,915,000 after purchasing an additional 52,930 shares in the last quarter. Finally, Kennedy Capital Management Inc. grew its position in shares of Natural Gas Services Group by 24.4% in the second quarter. Kennedy Capital Management Inc. now owns 257,195 shares of the oil and gas company’s stock valued at $6,391,000 after purchasing an additional 50,514 shares in the last quarter. 89.05% of the stock is owned by institutional investors and hedge funds.

Natural Gas Services Group Company Profile

Natural Gas Services Group, Inc is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales.

Earnings History and Estimates for Natural Gas Services Group (NYSE:NGS)

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