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

Kodiak Gas Services (NYSE:KGS) released its earnings results on Wednesday. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates 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 Trading Up 1.1 %

KGS opened at $40.29 on Thursday. The firm has a market capitalization of $3.53 billion, a PE ratio of 138.92 and a beta of 1.30. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. Kodiak Gas Services has a fifty-two week low of $23.57 and a fifty-two week high of $50.43. The company’s 50-day moving average is $44.58 and its 200 day moving average is $37.11.

Kodiak Gas Services Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on KGS. Royal Bank of Canada increased their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. 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 report on Tuesday, November 26th. Raymond James boosted 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. 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 note on Friday, November 8th. Finally, Mizuho boosted their price target on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $41.09.

Insiders Place Their Bets

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

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.