Kodiak Gas Services Inc (NYSE:KGS) price on Friday, December 27, fall -1.12% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $40.45.
A look at the stock’s price movement, the close in the last trading session was $40.91, moving within a range at $39.93 and $40.77. The PE ratio in trailing twelve months stood at 134.83. Turning to its 52-week performance, $44.20 and $19.88 were the 52-week high and 52-week low respectively. Overall, KGS moved 1.35% over the past month.
Kodiak Gas Services Inc’s market cap currently stands at around $3.53 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 1.58, with its dividend yield at 3.91%. 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 323.88M for the company’s revenue for the quarter, with a low and high estimate of 315.3M and 336.56M respectively. The average forecast suggests up to a 43.32% 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 1.17B, representing a 37.78% 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 50% 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 -0.89% and 8.95% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.67, while 7-day volatility ratio is 2.68% and 3.15% in the 30-day chart. Further, Kodiak Gas Services Inc (KGS) has a beta value of 1.04, and an average true range (ATR) of 1.32. Analysts have given the company’s stock an average 52-week price target of $35, forecast between a low of $30 and high of $36. Looking at the price targets, the low is 25.83% off current price level while to achieve the yearly target high, price needs to move 11.0%. Nonetheless, investors will most likely welcome a 13.47% jump to $35 which is the analysts’ median price.
If we refocus on Kodiak Gas Services Inc (NYSE:KGS), historical trading data shows that trading volumes averaged 1.27 over the past 10 days and 782.64K over the past 3 months. The company’s latest data on shares outstanding shows there are 84.51 million shares.
The 47.63% of Kodiak Gas Services Inc’s shares are in the hands of company insiders while institutional holders own 36.96% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.15 million on 2024-11-29, giving us a short ratio of 3.13. The data shows that as of 2024-11-29 short interest in Kodiak Gas Services Inc (KGS) stood at 766.0 of shares outstanding, with shares short falling to 3.17 million registered in 2024-10-31. Current price change has pushed the stock 101.44% 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.
