Kodiak Gas Services (KGS) Projected to Post Earnings on Wednesday

Kodiak Gas Services (NYSE:KGS) is expected to post its quarterly earnings results after the market closes on Wednesday, March 5th. Analysts expect Kodiak Gas Services to post earnings of $0.42 per share and revenue of $323.82 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Kodiak Gas Services Stock Performance

NYSE KGS opened at $40.87 on Tuesday. The stock has a market cap of $3.58 billion, a PE ratio of 140.94 and a beta of 1.18. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. Kodiak Gas Services has a twelve month low of $23.57 and a twelve month high of $50.43. The stock has a fifty day simple moving average of $44.59 and a 200-day simple moving average of $36.92.

Kodiak Gas Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services’s dividend payout ratio (DPR) is 565.52%.

Analysts Set New Price Targets

A number of equities analysts recently commented on KGS shares. Citigroup raised their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Raymond James raised their target price on Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Mizuho raised their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Truist Financial raised their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada lifted their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Kodiak Gas Services has a consensus rating of “Moderate Buy” and an average price target of $41.09.

Insiders Place Their Bets

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the transaction, the insider now directly owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. The trade was a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

Kodiak Gas Services Company Profile

Kodiak Gas Services, Inc operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil.