Kodiak Gas Services Inc (NYSE:KGS) price on current trading day, rose 2.95% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $31.46.
A look at the stock’s price movement, the level at last check in today’s session was $30.56, moving within a range at $31.06 and $31.78. The PE ratio in trailing twelve months stood at 48.54. Turning to its 52-week performance, $30.90 and $16.72 were the 52-week high and 52-week low respectively. Overall, KGS moved 17.97% over the past month.
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Kodiak Gas Services Inc’s market cap currently stands at around $2.66 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Aug-12. The company has a Forward Dividend ratio of 1.55, with its dividend yield at 4.93%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 316.82M for the company’s revenue for the quarter, with a low and high estimate of 301.53M and 325.16M respectively. The average forecast suggests up to a 37.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.16B, representing a 36.30% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that KGS is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend KGS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
KGS’s current price about 11.34% and 14.11% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 71.71, while 7-day volatility ratio is 2.68% and 3.07% in the 30-day chart. Further, Kodiak Gas Services Inc (KGS) has a beta value of 0.73, and an average true range (ATR) of 0.95. Analysts have given the company’s stock an average 52-week price target of $33, forecast between a low of $30 and high of $36. Looking at the price targets, the low is 4.64% off recent price level in today’s trading while to achieve the yearly target high, it has to move -14.43%. Nonetheless, investors will most likely welcome a -4.9% jump to $33 which is the analysts’ median price.
If we refocus on Kodiak Gas Services Inc (NYSE:KGS), historical trading data shows that trading volumes averaged 0.71 over the past 10 days and 692.49K over the past 3 months. The company’s latest data on shares outstanding shows there are 77.40 million shares.
The 64.30% of Kodiak Gas Services Inc’s shares are in the hands of company insiders while institutional holders own 26.45% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.15 million on 2024-09-13, giving us a short ratio of 4.09. The data shows that as of 2024-09-13 short interest in Kodiak Gas Services Inc (KGS) stood at 1287.0 of shares outstanding, with shares short rising to 3.1 million registered in 2024-08-15. Current price change has pushed the stock 56.69% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the KGS stock continues to rise going into the next quarter.
