Kodiak Gas Services (KGS) Set to Announce Earnings on Wednesday

Kodiak Gas Services (NYSE:KGS) will release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Kodiak Gas Services to post earnings of $0.26 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Monday, August 12th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.29). Kodiak Gas Services had a return on equity of 7.20% and a net margin of 5.23%. The business had revenue of $309.65 million for the quarter, compared to analysts’ expectations 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 2.4 %

Shares of Kodiak Gas Services stock opened at $31.13 on Monday. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.05 and a quick ratio of 0.70. The firm has a fifty day moving average price of $29.41 and a 200 day moving average price of $27.97. Kodiak Gas Services has a 1 year low of $16.72 and a 1 year high of $32.77. The stock has a market cap of $2.63 billion, a PE ratio of 48.64 and a beta of 0.79.

Kodiak Gas Services Announces Dividend

The firm 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 dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.64 annualized dividend and a dividend yield of 5.27%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 256.25%.

Analyst Ratings Changes

Several brokerages recently issued reports on KGS. Bank of America started coverage on shares of Kodiak Gas Services in a report on Wednesday, September 18th. They set a “buy” rating and a $30.00 target price for the company. Mizuho started coverage on shares of Kodiak Gas Services in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price objective for the company. Barclays lifted their price objective on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Citigroup started coverage on shares of Kodiak Gas Services in a report on Friday, September 27th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Truist Financial lifted their price objective on shares of Kodiak Gas Services from $32.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Kodiak Gas Services currently has an average 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.