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

Kodiak Gas Services, Inc. (NYSE:KGS) has been given an average recommendation of “Moderate Buy” by the nine analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $31.78.

KGS has been the topic of a number of recent analyst reports. Redburn Atlantic began coverage on Kodiak Gas Services in a research report on Thursday. They set a “buy” rating and a $35.00 price target on the stock. Stifel Nicolaus upped their target price on Kodiak Gas Services from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Truist Financial raised their price target on Kodiak Gas Services from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Royal Bank of Canada upped their price objective on shares of Kodiak Gas Services from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Finally, Barclays assumed coverage on shares of Kodiak Gas Services in a research note on Wednesday, July 17th. They issued an “equal weight” rating and a $29.00 target price for the company.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KGS. Security National Bank purchased a new position in Kodiak Gas Services during the second quarter valued at approximately $39,000. HWG Holdings LP purchased a new position in shares of Kodiak Gas Services during the 2nd quarter valued at approximately $40,000. PNC Financial Services Group Inc. acquired a new position in shares of Kodiak Gas Services in the 4th quarter valued at $46,000. nVerses Capital LLC boosted its holdings in Kodiak Gas Services by 90.9% during the second quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after buying an additional 1,000 shares in the last quarter. Finally, Parallel Advisors LLC acquired a new stake in Kodiak Gas Services during the fourth quarter valued at $60,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Price Performance

Shares of KGS stock opened at $29.59 on Friday. The stock’s 50-day moving average is $27.38 and its 200 day moving average is $27.12. Kodiak Gas Services has a 1-year low of $16.72 and a 1-year high of $29.91. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.05 and a quick ratio of 0.70. The company has a market cap of $2.49 billion, a P/E ratio of 33.62 and a beta of 0.90.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Monday, August 12th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The firm had revenue of $309.65 million during the quarter, compared to the consensus estimate of $313.88 million. Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. Research analysts predict that Kodiak Gas Services will post 1.15 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 5.54%. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 186.36%.

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.