Natural Gas Services Gr Azioni (NYSE: NGS)

Natural Gas Services Gr (NYSE:NGS) Azioni

Natural Gas Services Gr

Natural Gas Services Group Inc provides natural gas compression equipment and services to the energy industry. The company manufactures, fabricates, rents, sells, and maintains natural gas compressors and flare systems for oil and natural gas production and plant facilities. Its operating units include Rental, Sales, and Aftermarket services. The company generates the majority of its revenue by renting out low- to medium-horsepower compression equipment to natural gas production companies in unconventional oil and gas regions of the United States.

Natural Gas Services Group, Inc. Common Stock

Natural Gas Services Group Inc

NAGASE & CO LTD ORD by Nagase & Co., Ltd.

Nagase & Co Ltd

Raymond James analyst James Rollyson reiterates Natural Gas Services Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGS#NYSE">NGS</a>) with a Strong Buy and lowers the price target from $33 to $32.

News

Price Target

Reiteration

Analyst Ratings

Raymond James Reiterates Strong Buy on Natural Gas Services Gr, Lowers Price Target to $32

Guidance

Natural Gas Services Expects 2025 Adjusted EBITDA Of $74M - $78M

Natural Gas Services Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGS#NYSE">NGS</a>) reported quarterly earnings of $0.23 per share which missed the analyst consensus estimate of $0.26 by 11.54 percent. This is a 64.29 percent increase over earnings of $0.14 per share from the same period last year. The company reported quarterly sales of $40.66 million which missed the analyst consensus estimate of $40.84 million by 0.44 percent. This is a 12.25 percent increase over sales of $36.22 million the same period last year.

Earnings

Earnings Misses

Natural Gas Services Q4 2024 GAAP EPS $0.23 Misses $0.26 Estimate, Sales $40.66M Miss $40.84M Estimate

<h3>Companies Reporting Before The Bell</h3>
• Qifu Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) is expected to report quarterly earnings at $1.68 per share on revenue of $597.66 million. 
• LanzaTech Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LNZA#NASDAQ">LNZA</a>) is estimated to report quarterly loss at $0.14 per share on revenue of $23.55 million. 
• NRX Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NRXP#NASDAQ">NRXP</a>) is likely to report earnings for its fourth quarter. 
• CBAK Energy Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBAT#NASDAQ">CBAT</a>) is expected to report quarterly earnings at $0.01 per share on revenue of $50.11 million. 
• Protalix BioTherapeutics (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/PLX#AMEX">PLX</a>) is projected to report quarterly earnings at $0.10 per share on revenue of $20.21 million. 
• NextPlat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPL#NASDAQ">NXPL</a>) is projected to report earnings for its fourth quarter. 
• Science Applications Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIC#NASDAQ">SAIC</a>) is projected to report quarterly earnings at $2.07 per share on revenue of $1.81 billion. 
• Inspired Entertainment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSE#NASDAQ">INSE</a>) is projected to report quarterly earnings at $0.15 per share on revenue of $81.72 million. 
• Sonida Senior Living (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNDA#NYSE">SNDA</a>) is projected to report earnings for its fourth quarter. 
• Coda Octopus Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CODA#NASDAQ">CODA</a>) is expected to report quarterly earnings at $0.00 per share on revenue of $5.74 million. 
• Niu Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIU#NASDAQ">NIU</a>) is likely to report earnings for its fourth quarter. 
• Townsquare Media (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSQ#NYSE">TSQ</a>) is expected to report quarterly earnings at $0.58 per share on revenue of $116.41 million. 
<h3>Companies Reporting After The Bell</h3>
• DiaMedica Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DMAC#NASDAQ">DMAC</a>) is likely to report earnings for its fourth quarter. 
• Belite Bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLTE#NASDAQ">BLTE</a>) is expected to report earnings for its fourth quarter. 
• High Tide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HITI#NASDAQ">HITI</a>) is estimated to report earnings for its first quarter. 
• Eastman Kodak (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KODK#NYSE">KODK</a>) is expected to report earnings for its fourth quarter. 
• Health In Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIT#NASDAQ">HIT</a>) is estimated to report earnings for its first quarter. 
• Sangamo Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGMO#NASDAQ">SGMO</a>) is likely to report earnings for its fourth quarter. 
• Open Lending (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPRO#NASDAQ">LPRO</a>) is expected to report quarterly earnings at $0.02 per share on revenue of $24.03 million. 
• Energy Vault Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRGV#NYSE">NRGV</a>) is expected to report quarterly loss at $0.11 per share on revenue of $42.51 million. 
• Natural Gas Services Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGS#NYSE">NGS</a>) is projected to report quarterly earnings at $0.25 per share on revenue of $40.84 million. 
• Hyperfine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYPR#NASDAQ">HYPR</a>) is projected to report quarterly loss at $0.14 per share on revenue of $3.77 million. 
• FinVolution Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FINV#NYSE">FINV</a>) is likely to report earnings for its fourth quarter. 
• FibroGen (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FGEN#NASDAQ">FGEN</a>) is expected to report quarterly loss at $0.20 per share on revenue of $24.91 million. 
• Vicarious Surgical (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBOT#NYSE">RBOT</a>) is likely to report earnings for its fourth quarter. 
• Bakkt Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BKKT#NYSE">BKKT</a>) is likely to report quarterly loss at $1.25 per share on revenue of $21.61 million. 
• B. Riley Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RILY#NASDAQ">RILY</a>) is estimated to report earnings for its fourth quarter. 
• Consolidated Water Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CWCO#NASDAQ">CWCO</a>) is likely to report quarterly earnings at $0.28 per share on revenue of $33.60 million. 
• RF Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RFIL#NASDAQ">RFIL</a>) is expected to report earnings for its first quarter. 
• Harrow (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HROW#NASDAQ">HROW</a>) is estimated to report quarterly earnings at $0.07 per share on revenue of $59.09 million. 
• Hallador Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HNRG#NASDAQ">HNRG</a>) is likely to report quarterly loss at $0.05 per share on revenue of $102.46 million. 
• Altus Power (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPS#NYSE">AMPS</a>) is estimated to report quarterly loss at $0.04 per share on revenue of $46.55 million. 
• Getty Images Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETY#NYSE">GETY</a>) is estimated to report quarterly earnings at $0.05 per share on revenue of $244.87 million. 
• Lithium Argentina (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAR#NYSE">LAR</a>) is expected to report quarterly loss at $0.04 per share on revenue of $48.40 million. 
• Quanterix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QTRX#NASDAQ">QTRX</a>) is projected to report quarterly loss at $0.22 per share on revenue of $35.55 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Earnings Scheduled For March 17, 2025

In the current session, the stock is trading at $28.47, after a 2.56% spike. Over the past month, Natural Gas Services Gr Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGS#NYSE">NGS</a>) stock increased by 37.22%, and in the past year, by 91.02%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1733169611_0.png" alt="Past Year Chart" />

<h3>How Does Natural Gas Services Gr P/E Compare to Other Companies?</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Natural Gas Services Gr has a lower P/E than the aggregate P/E of 22.35 of the Energy Equipment &amp; Services industry. Ideally, one might believe that the stock might perform worse than its peers, but it's also probable that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1733169611_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Markets

A Look Into Natural Gas Services Gr Inc's Price Over Earnings

As of Nov. 21, 2024, two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Natural Gas Services Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGS#NYSE">NGS</a>)</h3>
<ul>
<li>On Nov. 14, Natural Gas Services posted better-than-expected quarterly earnings. &#8220;We delivered another quarter of significant top and bottom-line growth, as well as a material increase in net cash provided by operating activities, as we further grow and optimize our business,&#8221; said Justin Jacobs, Chief Executive Officer. &#8220;Compression demand, particularly in the Permian Basin, remains robust. We continue to capitalize on our favorable industry position, innovative compression units, and strong customer relationships to increase investments in our large horsepower fleet as we look to drive growth in rental fleet horsepower, rental revenue, and cash flow.&#8221; The company's stock gained around 32% over the past month and has a <a href="https://www.benzinga.com/quote/NGS">52-week high of $26.00</a>.</li>
<li>RSI Value: 81.77&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>NGS Price Action: Shares of Natural Gas Services closed at $25.91 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Range Resources Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRC#NYSE">RRC</a>)</h3>
<ul>
<li>On Oct. 22, the company posted better-than-expected quarterly earnings. Dennis Degner, the Company&#8217;s CEO, commented, &#8220;This month marks the 20th anniversary of Range drilling the first commercial Marcellus shale well. The Marcellus and Utica now produce nearly one-third of U.S. natural gas, and the U.S. has become the leading global supplier of safe, clean, affordable natural gas. We are tremendously proud of the role Range has played in this hugely impactful achievement and we are even more excited about what the future holds as global energy demand increases, improving the quality of life for billions of people living in energy poverty.&#8221; The company's stock gained around 17% over the past month and has a <a href="https://www.benzinga.com/quote/RRC">52-week high</a> of $39.33.</li>
<li>RSI Value: 76.05</li>
<li>RRC Price Action: Shares of Range Resources closed at $35.16 on Wednesday.</li>
</ul>
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Short Ideas

Pre-Market Outlook

Trading Ideas

Top 2 Energy Stocks You May Want To Dump This Month

Natural Gas Services Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGS#NYSE">NGS</a>) reported quarterly earnings of $0.40 per share which beat the analyst consensus estimate of $0.30 by 33.33 percent. The company reported quarterly sales of $40.686 million which beat the analyst consensus estimate of $38.107 million by 6.77 percent. This is a 29.70 percent increase over sales of $31.369 million the same period last year.

Earnings Beats

Natural Gas Services Gr Q3 2024 GAAP EPS $0.40 Beats $0.30 Estimate, Sales $40.686M Beat $38.107M Estimate

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POST

Earnings Scheduled For November 14, 2024

Natural Gas Services Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGS#NYSE">NGS</a>) is set to give its latest quarterly earnings report on Thursday, 2024-11-14. Here's what investors need to know before the announcement.
Analysts estimate that Natural Gas Services Gr will report an earnings per share (EPS) of $0.30. 
Natural Gas Services Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Overview of Past Earnings</h3>
In the previous earnings release, the company beat EPS by $0.05, leading to a 11.01% increase in the share price the following trading session.
Here's a look at Natural Gas Services Gr's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.29</td>
<td>0.21</td>
<td>0.06</td>
<td>0.07</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.34</td>
<td>0.41</td>
<td>0.14</td>
<td>0.18</td>
</tr>
<tr>
<td>Price Change %</td>
<td>11.0%</td>
<td>3.0%</td>
<td>12.0%</td>
<td>13.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1731513690_0.png" alt="eps graph" />
<h3>Natural Gas Services Gr Share Price Analysis</h3>
Shares of Natural Gas Services Gr were trading at $24.29 as of November 12. Over the last 52-week period, shares are up 65.29%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/NGS/earnings">To track all earnings releases for Natural Gas Services Gr visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Examining the Future: Natural Gas Services Gr's Earnings Outlook

Management

Natural Gas Services Group Announced The Appointment Of Ian Eckert As CFO Effective No Later Than January 5th, 2026. NGS's Current Interim CFO John Bittner Will Continue In that Role Until Mr. Eckert's Start Date

As of Nov. 7, 2024, three stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Select Water Solutions Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WTTR#NYSE">WTTR</a>)</h3>
<ul>
<li>On Nov. 5, Select Water Solutions reported better-than-expected third-quarter revenue results.  John Schmitz, Select&#8217;s Chairman of the Board, President and Chief Executive Officer, stated, &#8220;During the third quarter Select delivered another quarter of continued margin improvement and profitability, while generating solid free cash flow. Supported by revenue growth and margin improvement in our Water Infrastructure segment, our unique growth story continued as we were able to improve consolidated gross margins and increase net income and adjusted EBITDA during the third quarter despite activity pullbacks in the broader macro environment.&#8221; The company's stock gained around 29% over the past five days and has a <a href="https://www.benzinga.com/quote/WTTR">52-week high of $14.10</a>.</li>
<li>RSI Value: 84.39&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>WTTR Price Action: Shares of Select Water Solutions gained 25.5% to close at $13.97 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Propetro Holding Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>)</h3>
<ul>
<li>On Oct. 30, ProPetro posted downbeat quarterly results. Sam Sledge, Chief Executive Officer, commented, &#8220;ProPetro&#8217;s third quarter results reflect our team&#8217;s success in advancing our strategy, even in a turbulent market environment. Thanks to our decisive actions and despite moderated customer spending and activity levels, ProPetro delivered strong financial performance in the third quarter, while returning capital to shareholders and capturing additional market share.&#8221; The company's stock gained around 14% over the past five days and <a href="https://www.benzinga.com/quote/PUMP">has a 52-week high</a> of $10.02.</li>
<li>RSI Value: 71.32</li>
<li>PUMP Price Action: Shares of Propetro Holding gained 16.3% to close at $8.43 on Wednesday.</li>
</ul>
<h3 class="wp-block-heading">Natural Gas Services Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGS#NYSE">NGS</a>)</h3>
<ul>
<li>Natural Gas Services Group will host a conference call to review its third-quarter financial results on Friday, Nov. 15. The company's stock gained around 19% over the past five days and has a <a href="https://www.benzinga.com/quote/NGS">52-week high</a> of $25.24.</li>
<li>RSI Value: 77.03</li>
<li>NGS Price Action: Shares of Natural Gas Services gained 12.8% to close at $22.90 on Wednesday. </li>
</ul>
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Shares of oil and fossil fuel companies are trading higher following the US presidential election. Investors may be weighing the potential impact of Donald Trump's energy policies on the sector.

Stephen C. Taylor, Board Member at Natural Gas Services Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGS#NYSE">NGS</a>), disclosed an insider sell on August 22, according to a recent SEC filing.
What Happened: Taylor opted to sell 4,690 shares of Natural Gas Services Gr, according to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001084991/000108499124000096//Archives/edgar/data/1084991/000108499124000096/0001084991-24-000096-index.htm">U.S. Securities and Exchange Commission</a> on Thursday. The transaction's total worth stands at $103,836.
Natural Gas Services Gr's shares are actively trading at $20.51, experiencing a down of 0.0% during Friday's morning session.
<h3>Discovering Natural Gas Services Gr: A Closer Look</h3>
Natural Gas Services Group Inc provides natural gas compression equipment and services to the energy industry. The company manufactures, fabricates, rents, sells, and maintains natural gas compressors and flare systems for oil and natural gas production and plant facilities. Its operating units include Rental, Sales, and Aftermarket services. The company generates the majority of its revenue by renting out low- to medium-horsepower compression equipment to natural gas production companies in unconventional oil and gas regions of the United States.
<h3>Key Indicators: Natural Gas Services Gr's Financial Health</h3>
Revenue Growth: Natural Gas Services Gr's remarkable performance in 3 months is evident. As of 30 June, 2024, the company achieved an impressive revenue growth rate of 42.79%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Energy sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 34.55%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Natural Gas Services Gr's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 0.34.
</li>
</ul>
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.66, caution is advised due to increased financial risk.
Valuation Metrics:
<ul>
<li>
Price to Earnings (P/E) Ratio: Natural Gas Services Gr's P/E ratio of 19.35 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: With a higher-than-average P/S ratio of 1.78, Natural Gas Services Gr's stock is perceived as being overvalued in the market, particularly in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): Natural Gas Services Gr's EV/EBITDA ratio stands at 7.41, surpassing industry benchmarks. This places the company in a position with a higher-than-average market valuation.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>Why Insider Transactions Are Important</h3>
Insider transactions serve as a piece of the puzzle in investment decisions, rather than the entire picture.
Exploring the legal landscape, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated by Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and major hedge funds. These insiders are required to report their transactions through a Form 4 filing, which must be submitted within two business days of the transaction.
Highlighted by a company insider's new purchase, there's a positive anticipation for the stock to rise.
But, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>The Insider's Guide to Important Transaction Codes</h3>
When analyzing transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> tend to focus on those in the open market, detailed in Table I of the Form 4 filing. A P in Box 3 denotes a purchase,while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001084991">Check Out The Full List Of Natural Gas Services Gr's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Board Member Of Natural Gas Services Gr Makes $103K Sale

Natural Gas Services shares are trading higher after the company reported better-than-expected Q2 financial results and increased its FY24 adjusted EBIDTA outlook.

&nbsp;Based on its first half performance and&nbsp;outlook&nbsp;for the remainder of the year, the Company now expects Adjusted EBITDA to be in the range of&nbsp;$64 million&nbsp;to&nbsp;$68 million, an increase from its previously announced&nbsp;outlook&nbsp;of&nbsp;$61 million&nbsp;to&nbsp;$67 million.&nbsp;Note the Company entered Fiscal Year 2024 anticipating Adjusted EBITDA to be in the range of&nbsp;$58 million&nbsp;to&nbsp;$65 million.
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Natural Gas Services Increases FY24 Outlook For Adjusted EBITDA And Growth Capital Expenditures

Natural Gas Services Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGS#NYSE">NGS</a>) reported quarterly earnings of $0.34 per share which beat the analyst consensus estimate of $0.29 by 17.24 percent. The company reported quarterly sales of $38.49 million which beat the analyst consensus estimate of $36.70 million by 4.88 percent. This is a 42.79 percent increase over sales of $26.96 million the same period last year.

Natural Gas Services Gr Q2 2024 GAAP EPS $0.34 Beats $0.29 Estimate, Sales $38.49M Beat $36.70M Estimate

Raymond James analyst James Rollyson initiates coverage on Natural Gas Services Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGS#NYSE">NGS</a>) with a Strong Buy rating and announces Price Target of $27.

Initiation

Raymond James Initiates Coverage On Natural Gas Services Gr with Strong Buy Rating, Announces Price Target of $27

Natural Gas Services Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGS#NYSE">NGS</a>) reported quarterly earnings of $0.41 per share which beat the analyst consensus estimate of $0.21 by 95.24 percent. This is a 1266.67 percent increase over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $36.907 million which beat the analyst consensus estimate of $34.950 million by 5.60 percent. This is a 38.64 percent increase over sales of $26.620 million the same period last year.

Natural Gas Services Gr Q1 2024 GAAP EPS $0.41 Beats $0.21 Estimate, Sales $36.907M Beat $34.950M Estimate

Stifel analyst Selman Akyol maintains Natural Gas Services Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGS#NYSE">NGS</a>) with a Buy and raises the price target from $18 to $26.

Stifel Maintains Buy on Natural Gas Services Gr, Raises Price Target to $26

A new commodity cycle is approaching for energy stocks; leading the way in this momentum gauge is the Energy Select Sector SPDR Fund (ARCA:XLE). The exchange-traded fund (ETF) outperformed the broader S&amp;P 500 by 2% in the past quarter. While not much to speak of, this performance gap may show the beginning of a new trend that could last much longer.
Oil prices broke out &ndash; and stood comfortably &ndash; above their $79 a barrel ceiling. Now breaking above the $83 a barrel mark, predictions made by analysts at The Goldman Sachs Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>) could come true. The investment bank thinks oil prices could go as high as $100 in 2024.
However, natural gas prices, which tend to follow oil prices, are now at a four-year low. This wide gap is counter to historic trends, and a catch-up in natural gas prices could make stocks like Natural Gas Services Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ngs#NYSE">NGS</a>) break out into new highs. Wall Street institutions see the opportunity, which starts here.
<h2>Once in a Cycle </h2>
Now that the Federal Reserve (the Fed) is considering cutting interest rates this year, money is getting ready to rotate. Because interest rates could be detrimental to the dollar index, commodities like gold and oil have started and amplified their rallies.
More than that, a weaker dollar could make American exports more attractive to foreign buyers, such as European nations and even Japan, as their currencies would become stronger relative to the dollar. Apart from being basic economic theory, there is actually a sound bit of evidence behind this trend.
In its 2024 macro outlook report, Goldman Sachs also mentions the expectation for a manufacturing sector breakout in the U.S. Export orders advanced by 6% in February&#39;s ISM manufacturing PMI index, the largest expansionary reading.
Natural gas is used as a raw material (feedstock) when manufacturing products like plastics and chemicals. The manufacturing industry as a whole is going to have to ramp up production to meet these export orders, making the natural gas trade a reality more than a thesis.
<h2>Natural Gas Services: The Momentum Replacement &nbsp;</h2>
Being a $242 million company has its perks. Smaller companies are often outside the purview &ndash; and buying power &ndash; of the significant funds and banks on Wall Street, where the retail investor can gain an advantage.
Not only that, quants at PGIM think that the &lsquo;momentum trade&#39; is now overbought in large capitalization stocks, making small capitalization names the only place to squeeze further momentum in this cycle.
This thesis is at play for Natural Gas Services stock, as Barclays (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bcs#NYSE">BCS</a>) increased its position in the stock by 745% in the past quarter. As mentioned, the bank can&#39;t take a significant stake in the stock as it would create unnecessary scrutiny. Still, a $360,000 investment in the company can be a vote of confidence.
Northern Trust Co. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ntrs#NASDAQ">NTRS</a>) and the Royal Bank of Canada (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ry#NYSE">RY</a>) are other names that are buying the stock. Northern came in with a $470,000 investment, while the Royal Bank saw fit to have $150,000 in exposure to the stock.
The rest of the market is behind the stock&#39;s prospects, as the following factors have been blown above the industry.
<h2>Decoding The Market&#39;s Message for Natural Gas Services Stock </h2>
The Oil and Gas industry trades at an average forward price-to-earnings (forward P/E) ratio of 14.5x, placing Natural Gas Services stock at a 173% premium to its peers. &quot;It must be expensive for a reason&quot; is a saying that applies here; the stock is &lsquo;expensive&#39; because of its future prospects.
Analysts think its earnings per share (EPS) can grow by as much as 182% in the next 12 months, significantly above the industry&#39;s expected 47% growth rate this year.
Natural Gas Services provides the equipment necessary for companies like Kinder Morgan Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kmi#NYSE">KMI</a>) to operate their natural gas pipelines and processing facilities. This is why Natural Gas Services trades at 96% of its 52-week high while pushing out a 12-month performance of 92.4%.
As it is the first to get paid in anticipation of a rally in natural gas (which could mean more profits for Kinder Morgan), markets are willing to overpay today for the future EPS projections for the company.
When natural gas prices peaked in 2014, the stock reached $35 a share. Now that the fundamentals and economic tailwinds align to make a new ceiling a potential reality for the stock, history could repeat itself.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/this-underrated-natural-gas-stock-could-rally-double-digits-soon/">This Underrated Natural Gas Stock Could Rally Double-Digits Soon</a>&quot; first appeared on MarketBeat.

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This Underrated Natural Gas Stock Could Rally Double-Digits Soon

Press Releases

Natural Gas Services Group, Inc. Announces the Appointment of Jean Holley to its Board of Directors

Natural Gas Services Group, Inc. Sets Reporting Date for its 2024 Third Quarter Results and Conference Call

Natural Gas Services Group, Inc. Announces the Appointment of Chief Financial Officer

Natural Gas Services Group, Inc., to Participate in Sidoti Investor Conference

Natural Gas Services Group, Inc.  Reports Third Quarter 2024 Financial and Operating Results; Increases FY 2024 Adjusted EBITDA Guidance

Justin Jacobs, CEO of Natural Gas Services Group, to Present at NobleCon20

Natural Gas Services Group, Inc. Announces the Retirement and Resignation of David Bradshaw from its Board of Directors

Natural Gas Services Group, Inc. Announces Reporting Date for Q4 and Full-Year 2024 Earnings Conference Call

Natural Gas Services Group, Inc.  Reports Fourth Quarter and Year-End 2024 Financial and Operating Results; Provides 2025 Guidance

Natural Gas Services Group, Inc. Announces the Appointment of Anthony Gallegos to its Board of Directors

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