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

Kodiak Gas Services (NYSE:KGS) will announce its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of $0.36 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Wednesday, March 6th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The firm had revenue of $225.98 million for the quarter, compared to analyst estimates of $224.45 million. On average, analysts expect Kodiak Gas Services to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Kodiak Gas Services Price Performance

Shares of KGS stock opened at $27.30 on Monday. The business has a 50 day simple moving average of $26.76 and a 200 day simple moving average of $22.48. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.73. Kodiak Gas Services has a 12-month low of $15.05 and a 12-month high of $29.00.

Kodiak Gas Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 13th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.52 annualized dividend and a dividend yield of 5.57%.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, Director Margaret C. Montana purchased 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average cost of $25.25 per share, for a total transaction of $50,500.00. Following the transaction, the director now directly owns 16,375 shares in the company, valued at $413,468.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

KGS has been the subject of a number of analyst reports. Raymond James upped their price objective on shares of Kodiak Gas Services from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. The Goldman Sachs Group lifted their price objective on shares of Kodiak Gas Services from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. increased their target price on Kodiak Gas Services from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $26.14.

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.