While Kodiak Gas Services Inc has overperformed by 2.14%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, KGS rose by 72.85%, with highs and lows ranging from $30.52 to $16.72, whereas the simple moving average jumped by 17.60% in the last 200 days.
On October 02, 2024, Mizuho started tracking Kodiak Gas Services Inc (NYSE: KGS) recommending Outperform. A report published by Citigroup on September 27, 2024, Initiated its previous ‘Buy’ rating for KGS. Redburn Atlantic also rated KGS shares as ‘Buy’, setting a target price of $35 on the company’s shares in an initiating report dated September 19, 2024. BofA Securities Initiated an Buy rating on September 18, 2024, and assigned a price target of $30. Barclays initiated its ‘Equal Weight’ rating for KGS, as published in its report on July 17, 2024. JP Morgan’s report from March 08, 2024 suggests a price prediction of $27 for KGS shares, giving the stock a ‘Neutral’ rating. Raymond James also rated the stock as ‘Outperform’.
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Analysis of Kodiak Gas Services Inc (KGS)
With KGS’s current dividend of $1.55 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter increase in sales is 52.31%, showing a positive trend in the upcoming months.
Kodiak Gas Services Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. 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.
The average volume for any stock is also a very valuable indicator of volatility, and KGS has an average volume of 681.95K. On a monthly basis, the volatility of the stock is set at 3.07%, whereas on a weekly basis, it is put at 2.68%, with a gain of 6.30% over the past seven days. Furthermore, long-term investors anticipate a median target price of $32.93, showing growth from the present price of $30.56, 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?
Oil & Gas Equipment & Services giant Kodiak Gas Services Inc (KGS) is based in the USA and is one of the largest companies in the market. 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 47.15, there is a growth in quarterly earnings of -76.86%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 26.45% 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 26.45% at present.
