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

Kodiak Gas Services (NYSE:KGS - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.27 earnings per share 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%. The firm had revenue of $309.52 million during the quarter, compared to the consensus estimate of $323.82 million.

Kodiak Gas Services Stock Performance

Kodiak Gas Services stock traded down $0.48 during mid-day trading on Friday, hitting $34.01. 2,732,798 shares of the company's stock traded hands, compared to its average volume of 1,155,432. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. Kodiak Gas Services has a one year low of $24.83 and a one year high of $50.43. The firm has a 50 day moving average price of $44.31 and a 200 day moving average price of $37.17. The company has a market cap of $2.98 billion, a PE ratio of 117.26 and a beta of 1.30.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services's dividend payout ratio (DPR) is 565.52%.

Insider Transactions at Kodiak Gas Services

In other Kodiak Gas Services 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 shares were sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.18% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on KGS shares. The Goldman Sachs Group boosted their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Royal Bank of Canada boosted their target price on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Barclays raised 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 research report on Monday, January 13th. Mizuho boosted their price objective on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Finally, Citigroup increased their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of "Moderate Buy" and an average 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.