Kodiak Gas Services Inc (NYSE:KGS) shares traded -0.93% lower at $26.72 on Wall Street last session.
KGS stock price is now -2.39% away from the 50-day moving average and 22.72% away from the 200-day moving average. The market capitalization of the company currently stands at $2.25B.
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With the price target maintained at $27, JP Morgan recently Downgraded its rating from Overweight to Neutral for Kodiak Gas Services Inc (NYSE: KGS). On August 11, 2023, Raymond James reiterated its ‘Outperform’ rating on the stock by increasing its target price from $21 to quote $23, while ‘Truist’ rates the stock as ‘Buy’
In other news, Montana Margaret C, Director bought 2,000 shares of the company’s stock on Mar 12 ’24. The stock was bought for $50,500 at an average price of $25.25. Upon completion of the transaction, the Director now directly owns 16,375 shares in the company, valued at $0.44 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 01 ’23, Director Bonno Terry bought 4,000 shares of the business’s stock. A total of $73,809 was incurred on buying the stock at an average price of $18.45. This leaves the insider owning 22,375 shares of the company worth $0.6 million. A total of 69.39% of the company’s stock is owned by insiders.
During the past 12 months, Kodiak Gas Services Inc has had a low of $15.05 and a high of $29.43. As of last week, the company has a debt-to-equity ratio of 1.63, a current ratio of 1.11, and a quick ratio of 0.76. The fifty day moving average price for KGS is $27.3802 and a two-hundred day moving average price translates $21.81175 for the stock.
The latest earnings results from Kodiak Gas Services Inc (NYSE: KGS) was released for 2024-03-31. The net profit margin was 7.15% and return on equity was 9.20% for KGS. The company reported revenue of $215.49 million for the quarter, compared to $190.11 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 13.35 percent.
