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

Kodiak Gas Services (NYSE:KGS) is projected 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. Individual that wish to register for the company’s earnings conference call can do so using this link.

Kodiak Gas Services Trading Down 5.0 %

Shares of KGS opened at $40.87 on Tuesday. The company has a market capitalization of $3.58 billion, a P/E ratio of 140.94 and a beta of 1.18. Kodiak Gas Services has a one year low of $23.57 and a one year high of $50.43. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The stock has a 50-day moving average price of $44.59 and a 200 day moving average price of $36.92.

Kodiak Gas Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders 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 is presently 565.52%.

Insider Transactions at Kodiak Gas Services

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

Analyst Ratings Changes

A number of analysts have recently weighed in on KGS shares. The Goldman Sachs Group increased their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays raised their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Mizuho raised their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Raymond James increased their price target on Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. increased their price target on Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.09.

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.