Kodiak Gas Services (KGS) Set to Announce Quarterly 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. Investors that wish to listen to the company’s conference call can do so using this link.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The company 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 Stock Down 1.8 %

NYSE KGS opened at $27.18 on Wednesday. Kodiak Gas Services has a 52-week low of $15.05 and a 52-week high of $29.00. The firm has a 50-day moving average price of $26.67 and a 200 day moving average price of $22.28. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.73.

Insider Transactions at Kodiak Gas Services

In related news, Director Margaret C. Montana acquired 2,000 shares of the business’s stock in a transaction dated 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 acquisition, the director now directly owns 16,375 shares in the company, valued at approximately $413,468.75. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on KGS shares. Raymond James increased their price target on shares of Kodiak Gas Services from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. increased their price target on shares of Kodiak Gas Services from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. Finally, The Goldman Sachs Group increased their target price on shares of Kodiak Gas Services from $27.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Kodiak Gas Services presently has a consensus 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.