Kodiak Gas Services (KGS) to Release Earnings on Wednesday

Kodiak Gas Services (NYSE:KGS) is scheduled to issue its quarterly earnings data 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 announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $225.98 million for the quarter, compared to analysts’ expectations 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

KGS opened at $27.46 on Tuesday. Kodiak Gas Services has a twelve month low of $15.05 and a twelve month high of $29.00. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.73. The firm has a 50 day moving average price of $26.81 and a 200-day moving average price of $22.55.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.52 annualized dividend and a dividend yield of 5.54%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Raymond James upped their price objective on Kodiak Gas Services from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. The Goldman Sachs Group raised their target price on shares of Kodiak Gas Services from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. raised their price target 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $26.14.

Insider Activity at Kodiak Gas Services

In other news, Director Margaret C. Montana acquired 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average cost of $25.25 per share, with a total value of $50,500.00. Following the acquisition, the director now directly owns 16,375 shares of the company’s stock, valued at $413,468.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.18% of the stock is owned by corporate insiders.

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.