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

Kodiak Gas Services (NYSE:KGS) announced 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

Shares of NYSE:KGS traded up $0.43 during trading on Wednesday, hitting $40.29. The company’s stock had a trading volume of 1,224,121 shares, compared to its average volume of 1,070,384. The company has a 50-day moving average of $44.58 and a 200-day moving average of $37.11. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a market cap of $3.53 billion, a price-to-earnings 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 Dividend Announcement

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

Insider Buying and Selling 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 that occurred on 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 completion of the transaction, the insider now directly owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. The trade was a 9.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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