Kodiak Gas Services Inc (NYSE: KGS) has seen a rise in its stock price by 2.72 in relation to its previous close of 27.91. However, the company has experienced a 9.22% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-09-09 that THE WOODLANDS, Texas–(BUSINESS WIRE)–Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today announced the pricing of an underwritten public offering (the “Offering”) of 6,086,957 shares of its common stock by an affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV (the “selling stockholder”) at a price to the public of $25.00 per share. The selling stockholder granted the underwriters a 30-day option to purchase up to an additional 913,043 shares o.
Is It Worth Investing in Kodiak Gas Services Inc (NYSE: KGS) Right Now?
The price-to-earnings ratio for Kodiak Gas Services Inc (NYSE: KGS) is 44.23x, which is above its average ratio. Moreover, the 36-month beta value for KGS is 0.79. Analysts have varying opinions on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for KGS is 30.17M and currently, short sellers hold a 10.90% of that float. On September 19, 2024, KGS’s average trading volume was 645.59K shares.
KGS’s Market Performance
KGS’s stock has seen a 9.22% increase for the week, with a 10.27% rise in the past month and a 9.55% gain in the past quarter. The volatility ratio for the week is 3.13%, and the volatility levels for the past 30 days are at 3.23% for Kodiak Gas Services Inc The simple moving average for the last 20 days is 7.44% for KGS stock, with a simple moving average of 13.02% for the last 200 days.
Analysts’ Opinion of KGS
JP Morgan gave a rating of “Neutral” to KGS, setting the target price at $27 in the report published on March 08th of the current year.
KGS Trading at 5.32% 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 -3.63% of loss for the given period.
Volatility was left at 3.23%, however, over the last 30 days, the volatility rate increased by 3.13%, as shares surge +10.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.69% upper at present.
During the last 5 trading sessions, KGS rose by +9.22%, which changed the moving average for the period of 200-days by +62.62% in comparison to the 20-day moving average, which settled at $26.83. In addition, Kodiak Gas Services Inc saw 42.78% 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 Frontier TopCo Partnership, L., who sale 7,000,000 shares at the price of $23.91 back on Sep 09 ’24. After this action, Frontier TopCo Partnership, L. now owns 52,000,000 shares of Kodiak Gas Services Inc, valued at $167,387,500 using the latest closing price.
Montana Margaret C, the Director of Kodiak Gas Services Inc, purchase 110 shares at $26.12 during a trade that took place back on Aug 16 ’24, which means that Montana Margaret C is holding 22,004 shares at $2,873 based on the most recent closing price.
Stock Fundamentals for KGS
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.42 for the gross margin
The net margin for Kodiak Gas Services Inc stands at 0.05. The total capital return value is set at 0.06. Equity return is now at value 6.83, with 1.33 for asset returns.
Based on Kodiak Gas Services Inc (KGS), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 1.91. The interest coverage ratio of the stock is 1.54.
Currently, EBITDA for the company is 432.2 million with net debt to EBITDA at 5.39. When we switch over and look at the enterprise to sales, we see a ratio of 5.07. The receivables turnover for the company is 4.7for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
Conclusion
To wrap up, the performance of Kodiak Gas Services Inc (KGS) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
