Wall Street predicts Kodiak Gas Services Inc (KGS) stock to drop by -8.26%

Kodiak Gas Services Inc [KGS] stock prices are up 1.79% to $36.44 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The KGS shares have gain 4.62% over the last week, with a monthly amount glided 16.09%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Kodiak Gas Services Inc [NYSE: KGS] stock has seen the most recent analyst activity on October 02, 2024, when Mizuho initiated its Outperform rating and assigned the stock a price target of $36. Previously, Citigroup started tracking the stock with Buy rating on September 27, 2024, and set its price target to $35. On September 19, 2024, Redburn Atlantic initiated with a Buy rating and assigned a price target of $35 on the stock. JP Morgan downgraded its rating to Neutral for this stock on March 08, 2024, but kept the price target unchanged to $27. In a note dated August 11, 2023, Raymond James reiterated an Outperform rating on this stock and boosted its target price from $21 to $23.

The stock price of Kodiak Gas Services Inc [KGS] has been fluctuating between $17.50 and $36.99 over the past year. Currently, Wall Street analysts expect the stock to reach $33.43 within the next 12 months. Kodiak Gas Services Inc [NYSE: KGS] shares were valued at $36.44 at the most recent close of the market. An investor can expect a potential drop of -8.26% based on the average KGS price forecast.

Analyzing the KGS fundamentals

The Kodiak Gas Services Inc [NYSE:KGS] reported sales of 1.08B for trailing twelve months, representing a surge of 40.55%. Gross Profit Margin for this corporation currently stands at 0.38% with Operating Profit Margin at 0.25%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.07. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.08.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.65 points at the first support level, and at 34.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.91, and for the 2nd resistance point, it is at 37.39.

Ratios To Look Out For

It’s worth pointing out that Kodiak Gas Services Inc [NYSE:KGS]’s Current Ratio is 1.27. In addition, the Quick Ratio stands at 0.93 and the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 3.02, the price to book ratio is 2.47 and price to earnings (TTM) ratio is 121.47.

Transactions by insiders

Recent insider trading involved Frontier TopCo Partnership, L., 10% Owner, that happened on Sep 09 ’24 when 7.0 million shares were sold. Director, Montana Margaret C completed a deal on Aug 16 ’24 to buy 110.0 shares. Meanwhile, Director Montana Margaret C bought 2000.0 shares on Mar 12 ’24.

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