Kodiak Gas Services (NYSE:KGS) Price Target Raised to $39.00 at Raymond James

Kodiak Gas Services (NYSE:KGS) had its price target raised by Raymond James from $35.00 to $39.00 in a research report sent to investors on Friday,Benzinga reports. Raymond James currently has an outperform rating on the stock.

Several other research firms also recently commented on KGS. Citigroup began coverage on Kodiak Gas Services in a research note on Friday, September 27th. They issued a “buy” rating and a $35.00 price objective on the stock. Truist Financial upped their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday. Royal Bank of Canada lifted their price target on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Stifel Nicolaus upped their price target on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Finally, Redburn Atlantic began coverage on shares of Kodiak Gas Services in a research report on Thursday, September 19th. They issued a “buy” rating and a $35.00 target price for the company. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Kodiak Gas Services presently has an average rating of “Moderate Buy” and an average target price of $34.64.

Kodiak Gas Services Price Performance

KGS stock opened at $36.30 on Friday. The business has a 50-day simple moving average of $30.19 and a two-hundred day simple moving average of $28.27. Kodiak Gas Services has a 52-week low of $17.47 and a 52-week high of $36.61. The company has a market capitalization of $3.07 billion, a P/E ratio of 125.18 and a beta of 0.79. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.70 and a current ratio of 1.05.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.29). The firm had revenue of $309.65 million during the quarter, compared to analysts’ expectations of $313.88 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 8.14%. Research analysts expect that Kodiak Gas Services will post 1.15 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date was Friday, November 1st. Kodiak Gas Services’s payout ratio is currently 565.54%.

Institutional Investors Weigh In On Kodiak Gas Services

Several large investors have recently bought and sold shares of KGS. Security National Bank bought a new stake in shares of Kodiak Gas Services in the second quarter worth approximately $39,000. HWG Holdings LP bought a new stake in Kodiak Gas Services in the 2nd quarter worth approximately $40,000. nVerses Capital LLC raised its stake in Kodiak Gas Services by 90.9% during the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $57,000 after buying an additional 1,000 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Kodiak Gas Services during the 3rd quarter valued at $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Kodiak Gas Services by 115.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company’s stock worth $155,000 after buying an additional 3,045 shares during the last quarter. 24.95% of the stock is currently owned by institutional investors.

About Kodiak Gas Services

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.