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

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

Kodiak Gas Services Stock Performance

Kodiak Gas Services stock opened at $40.29 on Thursday. Kodiak Gas Services has a 1-year low of $23.57 and a 1-year high of $50.43. 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. The firm’s 50 day simple moving average is $44.58 and its 200 day simple moving average is $37.11.

Kodiak Gas Services Announces Dividend

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

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on KGS shares. JPMorgan Chase & Co. boosted their price target on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, November 29th. Citigroup boosted their target price on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Raymond James raised their price target on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Royal Bank of Canada upped 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. Finally, Truist Financial raised their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock 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.