The stock of Kodiak Gas Services Inc (NYSE: KGS) has increased by 2.14 when compared to last closing price of 29.92. Despite this, the company has experienced a 6.30% 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?
Kodiak Gas Services Inc (NYSE: KGS) has a price-to-earnings ratio that is above its average at 47.15x. The stock has a 36-month beta value of 0.76. Opinions on the stock are mixed, 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 at present, short sellers hold a 10.43% of that float. On October 04, 2024, the average trading volume of KGS was 681.95K shares.
KGS’s Market Performance
KGS stock saw an increase of 6.30% in the past week, with a monthly gain of 17.81% and a quarterly increase of 12.98%. The volatility ratio for the week is 2.68%, and the volatility levels for the last 30 days are 3.07% for Kodiak Gas Services Inc (KGS). The simple moving average for the past 20 days is 8.90% for KGS’s stock, with a 17.60% simple moving average for the past 200 days.
Analysts’ Opinion of KGS
Many brokerage firms have already submitted their reports for KGS stocks, with Mizuho repeating the rating for KGS by listing it as a “Outperform.” The predicted price for KGS in the upcoming period, according to Mizuho is $36 based on the research report published on October 02, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see KGS reach a price target of $35. The rating they have provided for KGS stocks is “Buy” according to the report published on September 27th, 2024.
Redburn Atlantic gave a rating of “Buy” to KGS, setting the target price at $35 in the report published on September 19th of the current year.
KGS Trading at 11.07% 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 able to rebound, for now settling with 0.13% of gains for the given period.
Volatility was left at 3.07%, however, over the last 30 days, the volatility rate increased by 2.68%, as shares surge +14.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.64% upper at present.
During the last 5 trading sessions, KGS rose by +6.30%, which changed the moving average for the period of 200-days by +64.66% in comparison to the 20-day moving average, which settled at $28.26. In addition, Kodiak Gas Services Inc saw 52.19% 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 5.23. 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 sum up, Kodiak Gas Services Inc (KGS) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
