Kodiak Gas Services
About: Kodiak Gas Services Inc is an operator of contract compression infrastructure in the United States. It manages business through two operating segments namely Compression Operations and Other Services. Compression Operations consist of operating company-owned and customer-owned compression infrastructure for customers, pursuant to fixed-revenue contracts to enable the production, gathering and transportation of natural gas and oil. Other Services consist of a full range of contract services to support the needs of customers, including station construction, maintenance and overhaul and other ancillary time and material-based offerings.
Employees: 781
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
942% more call options, than puts
Call options by funds: $6.25M | Put options by funds: $600K
77% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 26
74% more repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 35
50% more capital invested
Capital invested by funds: $622M [Q2] → $936M (+$313M) [Q3]
14% more funds holding
Funds holding: 142 [Q2] → 162 (+20) [Q3]
11.09% more ownership
Funds ownership: 27.09% [Q2] → 38.18% (+11.09%) [Q3]
100% less funds holding in top 10
Funds holding in top 10: 1 [Q2] → 0 (-1) [Q3]
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$32
20%
downside
Avg. target
$39
3%
downside
High target
$44
11%
upside
8 analyst ratings
6 positive
75%
2 neutral
25%
0 negative
0%
JP Morgan Jeremy Tonet 62% 1-year accuracy 18 / 29 met price target | 6%upside $42 | Neutral Maintained | 29 Nov 2024 |
Goldman Sachs John Mackay 77% 1-year accuracy 17 / 22 met price target | 11%upside $44 | Buy Maintained | 26 Nov 2024 |
RBC Capital Elvira Scotto 81% 1-year accuracy 26 / 32 met price target | 1%upside $40 | Outperform Maintained | 11 Nov 2024 |
Raymond James James Rollyson 27% 1-year accuracy 4 / 15 met price target | 2%downside $39 | Outperform Maintained | 8 Nov 2024 |
Truist Securities Neal Dingmann 33% 1-year accuracy 47 / 141 met price target | 1%upside $40 | Buy Maintained | 8 Nov 2024 |
Financial journalist opinion
Based on 4 articles about KGS published over the past 30 days
Neutral
PRNewsWire
1 week ago
EQT completes public offering of common stock of Kodiak Gas Services
The offering resulted in gross proceeds of USD232,925,000 NEW YORK , Dec. 13, 2024 /PRNewswire/ -- An affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV ("EQT") is pleased to announce the completion of an underwritten public offering (the "Offering") of 5,500,000 shares of common stock of Kodiak Gas Services, Inc. (NYSE: KGS) (the "Company") for gross proceeds of USD232,925,000. Goldman Sachs & Co. LLC and J.P.
Neutral
Business Wire
1 week ago
Kodiak Gas Services Announces Pricing of Underwritten Offering of 5,500,000 Shares of Common Stock by Selling Stockholder
THE WOODLANDS, Texas--(BUSINESS WIRE)--Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today announced the pricing of an underwritten offering (the “Offering”) of 5,500,000 shares of its common stock by an affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV (the “selling stockholder”) resulting in total gross proceeds of $232,925,000. Kodiak will not sell any shares of its common stock in the Offering and will not receive any proceeds from the sale.
Neutral
Business Wire
1 week ago
Kodiak Gas Services Announces Public Offering of Common Stock by Selling Stockholder
THE WOODLANDS, Texas--(BUSINESS WIRE)--Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today announced the underwritten public offering (the “Offering”) of 5,500,000 shares of its common stock by an affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV (the “selling stockholder”). Kodiak will not sell any shares of its common stock in the Offering and will not receive any proceeds from the sale of the shares of its common stock being offered by the s.
Negative
Zacks Investment Research
2 weeks ago
3 Must-Watch Oil Equipment Stocks Rising Above Industry Challenges
Lower equipment demand and impact of uncontracted periods on offshore drilling equipment needs make the outlook for the Zacks Oil and Gas- Mechanical and Equipment industry gloomy. NOV, Kodiak Gas (KGS) and Matrix Service (MTRX) are trying to survive industry challenges.
Neutral
Business Wire
1 month ago
Kodiak Gas Services Announces Pricing of Upsized Offering of Common Stock by Selling Stockholder
THE WOODLANDS, Texas--(BUSINESS WIRE)--Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today announced the pricing of an upsized underwritten public offering (the “Offering”) of 5,708,885 shares of its common stock by an affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV (the “selling stockholder”) at a price to the public of $34.50 per share. The selling stockholder granted the underwriters a 30-day option to purchase up to an additional 856,332.
Neutral
Business Wire
1 month ago
Kodiak Gas Services Announces Public Offering of Common Stock by Selling Stockholder
THE WOODLANDS, Texas--(BUSINESS WIRE)--Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today announced the commencement of an underwritten public offering (the “Offering”) of 4,853,556 shares of its common stock by an affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV (the “selling stockholder”). The selling stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 728,034 shares of the Company's common stock. K.
Neutral
Business Wire
1 month ago
Kodiak Gas Services Announces $50 Million Share Repurchase Program
THE WOODLANDS, Texas--(BUSINESS WIRE)--Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”) today announced that its Board of Directors (the “Board”) has approved a share repurchase program, with authorization to purchase up to an aggregate of $50 million of the Company's common stock (the “Share Repurchase Program”), commencing on the date thereof and expiring on December 31, 2025. Repurchases under the Share Repurchase Program may be made from time to time through open market rep.
Neutral
Seeking Alpha
1 month ago
Kodiak Gas Services, Inc. (KGS) Q3 2024 Earnings Call Transcript
Kodiak Gas Services, Inc. (NYSE:KGS ) Q3 2024 Earnings Conference Call November 7, 2024 11:00 AM ET Company Participants Graham Sones - Vice President, Investor Relations Mickey McKee - President & Chief Executive Officer John Griggs - Chief Financial Officer Conference Call Participants Doug Irwin - Citi Gabe Moreen - Mizuho John Mackay - Goldman Sachs Neal Dingmann - Truist Securities Jim Rollyson - Raymond James Sebastian Erskine - Redburn Atlantic Theresa Chen - Barclays Zack Van Everen - TPH Operator Greetings and welcome to the Kodiak Gas Services, Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Positive
Zacks Investment Research
1 month ago
Kodiak Gas Services (KGS) Q3 Earnings and Revenues Surpass Estimates
Kodiak Gas Services (KGS) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.28 per share a year ago.
Neutral
Business Wire
1 month ago
Kodiak Gas Services Announces Third Quarter 2024 Financial Results Including Record Quarterly Adjusted EBITDA and Free Cash Flow
THE WOODLANDS, Texas--(BUSINESS WIRE)--Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the “Company”), a leading provider of critical energy infrastructure and contract compression services, today reported financial and operating results for the quarter ended September 30, 2024, updated full-year 2024 guidance and provided an early outlook on 2025 Adjusted EBITDA(1). Third Quarter 2024 and Recent Highlights Contract Services segment revenue and Adjusted Gross Margin Percentage(1) were $284.3.
Charts implemented using Lightweight Charts™