Kodiak Gas Services - Double Digit Growth Plus A 3.33% Dividend
The Chart of the Day belongs to the oil & gas services company Kodiak Gas Services (KGS) I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 1/14 the stock gained 3.84%.
KGS Price vs Daily Moving Averages:
Kodiak Gas Services, Inc. operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings. The company was formerly known as Frontier TopCo, Inc. Kodiak Gas Services, Inc. was founded in 2010 and is headquartered in The Woodlands, Texas.
Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
Barchart Technical Indicators:
- 100% technical buy signals
- 127.82+ Weighted Alpha
- 125.83% gain in the last year
- Trend Seeker buy signal
- 1.15 - 60 month Beta
- Above its 20, 50 and 100 day moving averages
- 12 new highs and up 23.03% in the last month
- Relative Strength Index 77.50%
- Technical support level at $47.78
- Recently traded at $48.96 with 50 day moving average of $40.63
Fundamental Factors:
- Market Cap $4.15 billion
- P/E 38.57
- Dividend yield 3.33%
- Revenue expected to grow 37.70% this year and another 16.10% next year
- Earnings estimated to increase 242.07% this year and an additional 149.75% next year
Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:
- Wall Street analysts issued 7 strong buy, 3 buy, and 2 hold opinions on the stock
- Their price targets between $31 and $52
- Value Line rates the stock average
- MorningStar thinks the stock is 6% over valued
- 1,070 investors monitor the stock on Seeking Alpha
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
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On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
