While Kodiak Gas Services Inc has overperformed by 2.81%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KGS rose by 48.50%, with highs and lows ranging from $29.75 to $16.72, whereas the simple moving average jumped by 6.71% in the last 200 days.
On July 17, 2024, Barclays started tracking Kodiak Gas Services Inc (NYSE: KGS) recommending Equal Weight. A report published by JP Morgan on March 08, 2024, Downgraded its rating to ‘Neutral’ for KGS. Raymond James also reiterated KGS shares as ‘Outperform’, quoting a target price of $23 on the company’s shares in a report dated August 11, 2023. Truist Initiated an Buy rating on July 24, 2023, and assigned a price target of $24. Stifel initiated its ‘Buy’ rating for KGS, as published in its report on July 24, 2023. RBC Capital Mkts’s report from July 24, 2023 suggests a price prediction of $25 for KGS shares, giving the stock a ‘Outperform’ rating. JP Morgan also rated the stock as ‘Overweight’.
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Analysis of Kodiak Gas Services Inc (KGS)
Investors in Kodiak Gas Services Inc will get a return regardless of how the company performs over the next quarter since the company’s dividend stands at $1.55 per share. Further, the quarter-over-quarter increase in sales is 52.31%, showing a positive trend in the upcoming months.
One of the most important indicators of Kodiak Gas Services Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 6.83% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.70, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and KGS is recording 534.99K average volume. On a monthly basis, the volatility of the stock is set at 3.62%, whereas on a weekly basis, it is put at 3.42%, with a loss of -1.66% over the past seven days. Furthermore, long-term investors anticipate a median target price of $32.44, showing growth from the present price of $26.67, which can serve as yet another indication of whether KGS is worth investing in or should be passed over.
How Do You Analyze Kodiak Gas Services Inc Shares?
The Oil & Gas Equipment & Services market is dominated by Kodiak Gas Services Inc (KGS) based in the USA. When comparing Kodiak Gas Services Inc shares with other companies under Energy, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 41.14, there is a growth in quarterly earnings of -76.86%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 73.96%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 27.10% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
KGS shares are owned by institutional investors to the tune of 27.10% at present.
