Kodiak Gas Services Inc (NYSE: KGS) has seen a decline in its stock price by -0.23 in relation to its previous close of 39.91. However, the company has experienced a 1.84% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-11-15 that THE WOODLANDS, Texas–(BUSINESS WIRE)–Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today announced the pricing of an upsized underwritten public offering (the “Offering”) of 5,708,885 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 $34.50 per share. The selling stockholder granted the underwriters a 30-day option to purchase up to an additional 856,332.
Is It Worth Investing in Kodiak Gas Services Inc (NYSE: KGS) Right Now?
Kodiak Gas Services Inc (NYSE: KGS) has a higher price-to-earnings ratio of 132.73x compared to its average ratio. KGS has 36-month beta value of 0.98. Analysts have mixed views on the stock, with 7 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 38.06M, and currently, short sellers hold a 6.89% ratio of that float. The average trading volume of KGS on November 28, 2024 was 708.29K shares.
KGS’s Market Performance
The stock of Kodiak Gas Services Inc (KGS) has seen a 1.84% increase in the past week, with a 25.54% rise in the past month, and a 44.12% gain in the past quarter. The volatility ratio for the week is 2.87%, and the volatility levels for the past 30 days are at 3.23% for KGS. The simple moving average for the past 20 days is 9.46% for KGS’s stock, with a 40.06% 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 20.60% 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 -3.47% of loss for the given period.
Volatility was left at 3.23%, however, over the last 30 days, the volatility rate increased by 2.87%, as shares surge +25.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +38.89% upper at present.
During the last 5 trading sessions, KGS rose by +1.84%, which changed the moving average for the period of 200-days by +63.00% in comparison to the 20-day moving average, which settled at $36.38. In addition, Kodiak Gas Services Inc saw 98.31% 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 Hamilton Ewan William, who sale 3,000 shares at the price of $40.45 back on Nov 21 ’24. After this action, Hamilton Ewan William now owns 31,745 shares of Kodiak Gas Services Inc, valued at $121,340 using the latest closing price.
Ewan Hamiliton, the Officer of Kodiak Gas Services Inc, proposed sale 3,000 shares at $39.40 during a trade that took place back on Nov 21 ’24, which means that Ewan Hamiliton is holding shares at $118,200 based on the most recent closing price.
Stock Fundamentals for KGS
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.38 for the gross margin
The net margin for Kodiak Gas Services Inc stands at 0.02. The total capital return value is set at 0.07. Equity return is now at value 1.98, with 0.62 for asset returns.
Based on Kodiak Gas Services Inc (KGS), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 2.08. The interest coverage ratio of the stock is 1.45.
Currently, EBITDA for the company is 440.52 million with net debt to EBITDA at 5.74. When we switch over and look at the enterprise to sales, we see a ratio of 5.71. The receivables turnover for the company is 3.66for trailing twelve months and the total asset turnover is 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.27.
Conclusion
To put it simply, Kodiak Gas Services Inc (KGS) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
