Kodiak Gas Services, Inc. (NYSE:KGS) Receives Average Recommendation of “Moderate Buy” from Analysts

Kodiak Gas Services, Inc. (NYSE:KGS) has been assigned an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $42.18.

A number of research analysts have recently issued reports on the company. Citigroup boosted their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Mizuho boosted their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Raymond James reissued an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Truist Financial boosted their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Finally, Barclays upped their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th.

Kodiak Gas Services Stock Up 3.1 %

Shares of KGS opened at $38.74 on Friday. The company has a market capitalization of $3.41 billion, a PE ratio of 133.59 and a beta of 1.30. Kodiak Gas Services has a 12 month low of $24.84 and a 12 month high of $50.43. The stock’s 50-day moving average price is $43.46 and its two-hundred day moving average price is $37.78. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.15). The business had revenue of $309.52 million during the quarter, compared to analyst estimates of $323.82 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. On average, analysts anticipate that Kodiak Gas Services will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 277.97%.

Insiders Place Their Bets

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the completion of the sale, the insider now directly owns 34,771,323 shares of the company’s stock, valued at approximately $1,651,637,842.50. The trade was a 9.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Institutional Trading of Kodiak Gas Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. bought a new stake in Kodiak Gas Services during the 3rd quarter worth approximately $2,974,000. Principal Financial Group Inc. bought a new position in shares of Kodiak Gas Services in the third quarter valued at approximately $610,000. Chesapeake Capital Corp IL bought a new position in shares of Kodiak Gas Services in the third quarter valued at approximately $603,000. Tidal Investments LLC bought a new position in shares of Kodiak Gas Services in the third quarter valued at approximately $598,000. Finally, Barclays PLC grew its holdings in shares of Kodiak Gas Services by 209.3% in the third quarter. Barclays PLC now owns 42,350 shares of the company’s stock valued at $1,228,000 after acquiring an additional 28,658 shares in the last quarter. 24.95% of the stock is owned by institutional investors.

Kodiak Gas Services Company Profile

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.