Kodiak Gas Services Inc (NYSE: KGS) has seen a decline in its stock price by -0.93 in relation to its previous close of 26.97. However, the company has experienced a -6.21% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-05-10 that Kodiak Gas Services, Inc. (NYSE:KGS ) Q1 2024 Earnings Conference Call May 9, 2024 11:00 AM ET Company Participants Graham Sones – Investor Relations Mickey McKee – President and Chief Executive Officer John Griggs – Chief Financial Officer Conference Call Participants John Mackay – Goldman Sachs Neal Dingmann – Truist Securities Zack Van Everen – TPH Bill Austin – Daniel Energy Partners Operator Greetings, and welcome to the Kodiak Gas Services First Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
Is It Worth Investing in Kodiak Gas Services Inc (NYSE: KGS) Right Now?
Kodiak Gas Services Inc (NYSE: KGS) has a price-to-earnings ratio of 30.49x that is above its average ratio. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for KGS is 25.80M and currently, short sellers hold a 8.06% ratio of that float. The average trading volume of KGS on May 27, 2024 was 422.03K shares.
KGS’s Market Performance
The stock of Kodiak Gas Services Inc (KGS) has seen a -6.21% decrease in the past week, with a -3.22% drop in the past month, and a 7.27% gain in the past quarter. The volatility ratio for the week is 2.99%, and the volatility levels for the past 30 days are at 2.70% for KGS. The simple moving average for the last 20 days is -3.66% for KGS stock, with a simple moving average of 22.72% for the last 200 days.
Analysts’ Opinion of KGS
Many brokerage firms have already submitted their reports for KGS stocks, with JP Morgan repeating the rating for KGS by listing it as a “Neutral.” The predicted price for KGS in the upcoming period, according to JP Morgan is $27 based on the research report published on March 08, 2024 of the current year 2024.
Raymond James, on the other hand, stated in their research note that they expect to see KGS reach a price target of $23, previously predicting the price at $21. The rating they have provided for KGS stocks is “Outperform” according to the report published on August 11th, 2023.
Truist gave a rating of “Buy” to KGS, setting the target price at $24 in the report published on July 24th of the previous year.
KGS Trading at -2.39% from the 50-Day Moving Average
After a stumble in the market that brought KGS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -9.21% of loss for the given period.
Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 2.99%, as shares sank -4.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.29% upper at present.
During the last 5 trading sessions, KGS fell by -6.21%, which changed the moving average for the period of 200-days by +39.82% in comparison to the 20-day moving average, which settled at $27.68. In addition, Kodiak Gas Services Inc saw 33.07% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KGS starting from Montana Margaret C, who purchase 2,000 shares at the price of $25.25 back on Mar 12 ’24. After this action, Montana Margaret C now owns 16,375 shares of Kodiak Gas Services Inc, valued at $50,500 using the latest closing price.
Bonno Terry, the Director of Kodiak Gas Services Inc, purchase 4,000 shares at $18.45 during a trade that took place back on Sep 01 ’23, which means that Bonno Terry is holding 22,375 shares at $73,809 based on the most recent closing price.
Stock Fundamentals for KGS
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.48 for the gross margin
The net margin for Kodiak Gas Services Inc stands at 0.07. The total capital return value is set at 0.08. Equity return is now at value 9.20, with 1.92 for asset returns.
Based on Kodiak Gas Services Inc (KGS), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 1.6. The interest coverage ratio of the stock is 1.42.
Currently, EBITDA for the company is 432.2 million with net debt to EBITDA at 4.22. When we switch over and look at the enterprise to sales, we see a ratio of 4.69. The receivables turnover for the company is 5.42for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.11.
Conclusion
In conclusion, Kodiak Gas Services Inc (KGS) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
