There is no way Kodiak Gas Services Inc. (KGS) can keep these numbers up

Kodiak Gas Services Inc. (NYSE: KGS) stock jumped 2.24% on Monday to $18.22 against a previous-day closing price of $17.82. With 0.66 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.51 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $18.55 whereas the lowest price it dropped to was $17.89. The 52-week range on KGS shows that it touched its highest point at $19.79 and its lowest point at $15.05 during that stretch. It currently has a 1-year price target of $24.29.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KGS was up-trending over the past week, with a rise of 4.71%, but this was down by -5.05% over a month. A look at the trailing 12-month EPS for KGS yields 0.70 with Next year EPS estimates of 1.39. For the next quarter, that number is 0.20. This implies an EPS growth rate of -41.30% for this year and 150.27% for next year.

Float and Shares Shorts:

At present, 59.00 million KGS shares are outstanding with a float of 18.11 million shares on hand for trading. On Aug 30, 2023, short shares totaled 0.23 million, which was 0.30% higher than short shares on Jul 30, 2023. In addition to Mr. Robert McKee as the firm’s CEO, Pres & Director, Mr. William Lenamon serves as its Exec. VP & COO.

Institutional Ownership:

Through their ownership of 1.45% of KGS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 21.18% of KGS, in contrast to 2.45% held by mutual funds. Shares owned by individuals account for 0.23%. As the largest shareholder in KGS with 2.07% of the stake, Ion Asset Management holds 1,600,000 shares worth 1,600,000. A second-largest stockholder of KGS, Citadel Advisors LLC, holds 1,457,000 shares, controlling over 1.88% of the firm’s shares. GoldenTree Asset Management LP is the third largest shareholder in KGS, holding 1,380,000 shares or 1.78% stake. With a 1.29% stake in KGS, the Invesco SteelPath MLP Income Fund is the largest stakeholder. A total of 1,000,000 shares are owned by the mutual fund manager. The Xtrackers SICAV – LPX Private Equ, which owns about 0.49% of KGS stock, is the second-largest Mutual Fund holder. It holds 377,175 shares valued at 6.9 million. Blackstone Alternative Multi Stra holds 0.19% of the stake in KGS, owning 147,687 shares worth 2.7 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, KGS reported revenue of $177.15M and operating income of $51.90M. The EBITDA in the recently reported quarter was $95.29M and diluted EPS was $0.12.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KGS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With KGS analysts setting a high price target of $29.00 and a low target of $22.00, the average target price over the next 12 months is $24.25. Based on these targets, KGS could surge 59.17% to reach the target high and rise by 20.75% to reach the target low. Reaching the average price target will result in a growth of 33.1% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded KGS stock several times over the past three months with 25 Buys and 0 Sells. In these transactions, 289,650 shares were bought while 0 shares were sold. The number of buy transactions has increased to 25 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 289,650 while 0 shares were sold.

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