Kodiak Gas Services (NYSE:KGS) Releases Earnings Results, Misses Estimates By $0.15 EPS

Kodiak Gas Services (NYSE:KGS) released its earnings results on Wednesday. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.15), Zacks reports. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%.

Kodiak Gas Services Price Performance

Shares of KGS stock traded up $0.43 during trading hours on Wednesday, reaching $40.29. The stock had a trading volume of 1,224,121 shares, compared to its average volume of 1,070,384. The stock’s fifty day simple moving average is $44.58 and its 200 day simple moving average is $37.11. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $3.53 billion, a PE ratio of 138.92 and a beta of 1.30. Kodiak Gas Services has a 12 month low of $23.57 and a 12 month high of $50.43.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services’s payout ratio is 565.52%.

Insider Buying and Selling at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total value of $177,112,157.50. Following the transaction, the insider now owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

KGS has been the topic of a number of recent analyst reports. The Goldman Sachs Group lifted their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Barclays lifted their price target on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Raymond James upped their price objective 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. Citigroup boosted their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Truist Financial lifted their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Kodiak Gas Services presently has an average rating of “Moderate Buy” and a consensus target price of $41.09.

About Kodiak Gas Services

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.