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

Kodiak Gas Services (NYSE:KGS) released its earnings results on Wednesday. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.15), Zacks reports. The business had revenue of $309.52 million for the quarter, compared to analyst estimates of $323.82 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%.

Kodiak Gas Services Trading Down 14.6 %

Shares of NYSE KGS opened at $34.63 on Friday. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 119.40 and a beta of 1.30. The business has a 50 day simple moving average of $44.57 and a 200 day simple moving average of $37.14. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. Kodiak Gas Services has a 52 week low of $23.57 and a 52 week high of $50.43.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 565.52%.

Insider Activity at Kodiak Gas Services

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, November 29th. Barclays boosted their price target on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. The Goldman Sachs Group raised their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Mizuho boosted their target price on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Finally, Citigroup raised their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus 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.