Kodiak Gas Services (NYSE:KGS) Announces Quarterly Earnings Results

Kodiak Gas Services (NYSE:KGS) announced its quarterly earnings data on Monday. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08, FiscalAI reports. Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. The firm had revenue of $401.79 million for the quarter, compared to the consensus estimate of $387.50 million.

Kodiak Gas Services Trading Up 0.1%

Shares of Kodiak Gas Services stock opened at $41.70 on Monday. The firm has a market capitalization of $4.23 billion, a PE ratio of 49.64 and a beta of 1.07. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.45 and a quick ratio of 1.15. The company’s fifty day moving average price is $52.86 and its two-hundred day moving average price is $59.09. Kodiak Gas Services has a 52-week low of $32.55 and a 52-week high of $77.68.

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.51 per share. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date is Monday, November 16th. Kodiak Gas Services’s dividend payout ratio is presently 233.33%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Barclays reduced their target price on shares of Kodiak Gas Services from $72.00 to $67.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. UBS Group reaffirmed a “buy” rating on shares of Kodiak Gas Services in a research report on Friday, October 16th. Jefferies Financial Group reiterated a “buy” rating and set a $53.00 price target on shares of Kodiak Gas Services in a report on Friday. Weiss Ratings reissued a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Wednesday, August 26th. Finally, Mizuho set a $72.00 price objective on shares of Kodiak Gas Services in a research note on Monday, October 12th. Thirteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Kodiak Gas Services has a consensus rating of “Moderate Buy” and an average price target of $78.09.

Insider Transactions at Kodiak Gas Services

In other news, COO William Lenamon sold 1,000 shares of Kodiak Gas Services stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $53.25, for a total transaction of $53,250.00. Following the sale, the chief operating officer directly owned 84,294 shares in the company, valued at approximately $4,488,655.50. The trade was a 1.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert McKee sold 6,008 shares of the company’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $62.39, for a total transaction of $374,839.12. Following the completion of the sale, the chief executive officer directly owned 298,589 shares in the company, valued at approximately $18,628,967.71. The trade was a 1.97% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 23,002 shares of company stock valued at $1,325,334. Company insiders own 0.64% of the company’s stock.

Kodiak Gas Services Company Profile

Kodiak Gas Services provides contract natural gas compression services to energy companies in the United States. Its equipment helps move natural gas from production sites through gathering and processing systems and into pipelines.

The company supplies, installs, operates and maintains compression equipment, including large-horsepower compressor units. Its services support natural gas production and transportation across major U.S. oil and gas regions.

Based in The Woodlands, Texas, Kodiak became a publicly traded company in 2023.