Published: Tue, May 09, 2017
Money | By Armando Alvarado

Natural Gas Services misses 1Q profit forecasts

Natural Gas Services misses 1Q profit forecasts

The share price of the company (NASDAQ:DGAS) was up +0.61%, with a high of 30.07 during the day and the volume of Delta Natural Gas Company, Inc. shares traded was 5926.

Northwest Natural Gas Company (NW Natural) is engaged in the distribution of natural gas. Northwest Natural Gas posted earnings per share of $1.40 in the same quarter last year, which indicates a positive year over year growth rate of 0.7%.

NWN has been the topic of a number of research analyst reports. Natural Gas Services Group had 5 analyst reports since August 10, 2015 according to SRatingsIntel. The oil and gas company reported $0.09 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.02. Natural Gas Services Group had a net margin of 10.64% and a return on equity of 3.78%. The stock decreased 0.89% or $0.28 during the last trading session, reaching $31.19. Hennessy Advisors Inc. now owns 57,954 shares of the utilities provider's stock valued at $1,759,000 after buying an additional 2,185 shares in the last quarter. Also, VP Shawn M. Filippi sold 600 shares of the company's stock in a transaction dated Tuesday, February 28th.

On 3/13/2017 Lea Anne Doolittle, Insider, sold 3,200 with an average share price of $58.00 per share and the total transaction amounting to $185,600.00. Following the completion of the sale, the vice president now owns 1,430 shares of the company's stock, valued at approximately $85,728.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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Sell-side analysts have also provided a consensus recommendation of 3.10 on company shares. Norges Bank owned approximately 1.49% of Northwest Natural Gas at the end of the most recent quarter. BlackRock Fund Advisors now owns 1,958,422 shares of the utilities provider's stock valued at $117,721,000 after buying an additional 148,017 shares in the last quarter. The Company's segments include regulated segment and non-regulated segment. Natural Gas Services Group earned a media sentiment score of 0.19 on AlphaOne's scale. Moreover, Rk Capital Management Llc has 1.93% invested in the company for 289,572 shares. Monarch Partners Asset Management LLC boosted its stake in Natural Gas Services Group by 16.8% in the third quarter. Renaissance Technologies LLC now owns 331,900 shares of the utilities provider's stock worth $19,848,000 after buying an additional 82,600 shares in the last quarter. Finally, Parnassus Investments CA increased its stake in Northwest Natural Gas by 42.0% in the third quarter. Institutional investors and hedge funds own 59.63% of the company's stock. The stock's average target of $32 is 18.08% above today's ($27.1) share price. The stock has a market cap of $1.69 billion, a P/E ratio of 27.88 and a beta of 0.31.

Syros Pharmaceuticals, a biopharmaceutical company. "(NGS) This Quarter" was reported by Markets Daily and is the sole property of of Markets Daily.

Natural Gas Services Group, a well-known 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.

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