Natural Gas Services Group, Inc. (NYSE:NGS) – Investment analysts at Imperial Capital upped their FY2019 earnings estimates for shares of Natural Gas Services Group in a research note issued on Wednesday, May 15th. Imperial Capital analyst J. Wangler now anticipates that the oil and gas company will post earnings of $0.29 per share for the year, up from their prior estimate of $0.27.

A number of other research analysts also recently issued reports on the company. ValuEngine upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Maxim Group initiated coverage on Natural Gas Services Group in a report on Friday, January 25th. They set a “buy” rating and a $24.00 price target on the stock. Finally, Zacks Investment Research upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Thursday, February 7th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $47.25.

Shares of NYSE:NGS opened at $15.79 on Friday. Natural Gas Services Group has a 1 year low of $15.25 and a 1 year high of $24.50. The stock has a market cap of $214.25 million, a P/E ratio of 197.38 and a beta of 1.29.

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

Several hedge funds have recently bought and sold shares of NGS. BNP Paribas Arbitrage SA grew 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 during the period. Metropolitan Life Insurance Co. NY grew 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 during the period. BW Gestao de Investimentos Ltda. purchased a new position in shares of Natural Gas Services Group during the 1st quarter worth approximately $94,000. Marshall Wace North America L.P. purchased a new position in shares of Natural Gas Services Group during the 1st quarter worth approximately $104,000. Finally, Bank of America Corp DE grew 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 during the period. Hedge funds and other institutional investors own 90.32% of the company’s stock.

In other Natural Gas Services Group news, VP James R. Hazlett sold 3,100 shares of the company’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 transaction of $55,118.00. Following the transaction, the vice president now owns 48,995 shares in the company, valued at approximately $871,131.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James R. Hazlett sold 2,000 shares of the company’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 value of $34,600.00. Following the transaction, the vice president now owns 55,682 shares in the company, valued at approximately $963,298.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,399 shares of company stock worth $292,896. 6.61% of the stock is owned by company 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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