While Kodiak Gas Services Inc has overperformed by 3.00%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KGS rose by 67.78%, with highs and lows ranging from $29.75 to $16.72, whereas the simple moving average jumped by 16.15% in the last 200 days.
On September 19, 2024, Redburn Atlantic started tracking Kodiak Gas Services Inc (NYSE: KGS) recommending Buy. Raymond James resumed its ‘Outperform’ rating for KGS, as published in its report on August 11, 2023. Truist’s report from July 24, 2023 suggests a price prediction of $24 for KGS shares, giving the stock a ‘Buy’ rating. Stifel also rated the stock as ‘Buy’.
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Analysis of Kodiak Gas Services Inc (KGS)
KGS currently pays a dividend of $1.55 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 52.31%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Kodiak Gas Services Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. 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.
An average volume of 659.10K can be a very valuable indicator of volatility for KGS stock. On a monthly basis, the volatility of the stock is set at 3.20%, whereas on a weekly basis, it is put at 3.08%, with a gain of 12.54% over the past seven days. Furthermore, long-term investors anticipate a median target price of $32.36, showing growth from the present price of $29.53, 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 USA based company Kodiak Gas Services Inc (KGS) is one of the biggest names in Oil & Gas Equipment & Services. 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 45.56, there is a growth in quarterly earnings of -76.86%.
In addition to the fundamentals, you should also consider how many employees own shares in 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 64.30%. 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 26.46% 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 26.46% at present.