Natural Gas Services Group (NGS) to Release Earnings on Monday

Natural Gas Services Group (NYSE:NGS) is expected to be announcing its earnings results before the market opens on Monday, April 7th. Analysts expect the company to announce earnings of $0.27 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Natural Gas Services Group (NYSE:NGS) last posted its quarterly earnings data on Monday, March 17th. The oil and gas company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The company had revenue of $40.66 million during the quarter, compared to analysts’ expectations of $40.84 million. Natural Gas Services Group had a return on equity of 6.60% and a net margin of 10.55%. During the same quarter in the previous year, the business earned $0.14 EPS. On average, analysts expect Natural Gas Services Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Natural Gas Services Group Trading Down 1.9 %

Shares of NGS opened at $21.73 on Monday. The firm has a market capitalization of $271.83 million, a price-to-earnings ratio of 16.98 and a beta of 1.13. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. Natural Gas Services Group has a 1-year low of $16.70 and a 1-year high of $29.74. The company has a 50-day moving average of $25.06 and a 200 day moving average of $24.05.

Insider Transactions at Natural Gas Services Group

In related news, Director Stephen Charles Taylor sold 19,400 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total transaction of $558,720.00. Following the completion of the sale, the director now directly owns 438,387 shares in the company, valued at $12,625,545.60. This represents a 4.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 7.25% of the company’s stock.

Wall Street Analysts Forecast Growth

NGS has been the subject of a number of research reports. StockNews.com upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 26th. Raymond James reiterated a “strong-buy” rating and issued a $32.00 target price (down from $33.00) on shares of Natural Gas Services Group in a report on Wednesday, March 19th.

About Natural Gas Services Group

Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.