Kodiak Gas Services (NYSE:KGS) Reaches New 12-Month High at $30.90

Kodiak Gas Services, Inc. (NYSE:KGS) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $30.90 and last traded at $30.80, with a volume of 445483 shares trading hands. The stock had previously closed at $29.92.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on KGS shares. Royal Bank of Canada increased their price target on Kodiak Gas Services from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st. Mizuho began coverage on shares of Kodiak Gas Services in a research note on Wednesday. They set an “outperform” rating and a $36.00 target price for the company. Bank of America initiated coverage on shares of Kodiak Gas Services in a research note on Wednesday, September 18th. They issued a “buy” rating and a $30.00 price target on the stock. Redburn Atlantic initiated coverage on Kodiak Gas Services in a report on Thursday, September 19th. They set a “buy” rating and a $35.00 price objective for the company. Finally, Barclays assumed coverage on Kodiak Gas Services in a research note on Wednesday, July 17th. They set an “equal weight” rating and a $29.00 target price on the stock. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.45.

Kodiak Gas Services Trading Up 2.1 %

The stock has a market capitalization of $2.58 billion, a P/E ratio of 34.31 and a beta of 0.89. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.70. The business has a 50-day moving average price of $27.51 and a two-hundred day moving average price of $27.31.

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

Kodiak Gas Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 5.37%. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, August 12th. Kodiak Gas Services’s dividend payout ratio (DPR) is 186.36%.

Institutional Investors Weigh In On Kodiak Gas Services

A number of large investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in shares of Kodiak Gas Services during the 3rd quarter worth $125,000. HWG Holdings LP bought a new position in shares of Kodiak Gas Services in the second quarter worth about $40,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Kodiak Gas Services in the second quarter worth about $328,000. The Manufacturers Life Insurance Company boosted its stake in shares of Kodiak Gas Services by 34.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,877 shares of the company’s stock valued at $378,000 after purchasing an additional 3,540 shares in the last quarter. Finally, Dark Forest Capital Management LP grew its holdings in shares of Kodiak Gas Services by 5.9% during the 2nd quarter. Dark Forest Capital Management LP now owns 20,894 shares of the company’s stock valued at $570,000 after purchasing an additional 1,164 shares during the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

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.