Kodiak Gas Services (KGS) Scheduled to Post Quarterly Earnings on Wednesday

Kodiak Gas Services (NYSE:KGS - Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Kodiak Gas Services to post earnings of $0.26 per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its earnings results on Monday, August 12th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.29). Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. The company had revenue of $309.65 million during the quarter, compared to analyst estimates of $313.88 million. On average, analysts expect Kodiak Gas Services to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kodiak Gas Services Trading Down 0.1 %

Shares of KGS traded down $0.03 during midday trading on Wednesday, hitting $31.69. 194,361 shares of the stock were exchanged, compared to its average volume of 516,313. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.70 and a current ratio of 1.05. The firm has a market cap of $2.67 billion, a P/E ratio of 36.03 and a beta of 0.89. Kodiak Gas Services has a 52-week low of $16.72 and a 52-week high of $32.77. The stock has a fifty day simple moving average of $29.11 and a 200 day simple moving average of $27.87.

Kodiak Gas Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, November 1st will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.64 dividend on an annualized basis and a yield of 5.18%. Kodiak Gas Services's dividend payout ratio (DPR) is presently 186.36%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KGS shares. Stifel Nicolaus lifted their price objective on Kodiak Gas Services from $31.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Mizuho began coverage on Kodiak Gas Services in a report on Wednesday, October 2nd. They issued an "outperform" rating and a $36.00 target price on the stock. Truist Financial lifted their price target on Kodiak Gas Services from $32.00 to $35.00 and gave the stock a "buy" rating in a report on Thursday, August 15th. Redburn Atlantic initiated coverage on Kodiak Gas Services in a research note on Thursday, September 19th. They set a "buy" rating and a $35.00 target price for the company. Finally, Barclays increased their price target on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the company an "equal weight" rating in a research note on Monday, October 7th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Kodiak Gas Services has a consensus rating of "Moderate Buy" and a consensus target price of $33.09.

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.