Kodiak Gas Services, Inc. (NYSE:KGS) Receives $44.29 Average Price Target from Analysts

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $44.2857.

Several brokerages recently issued reports on KGS. William Blair started coverage on shares of Kodiak Gas Services in a research note on Tuesday, November 18th. They set an “outperform” rating for the company. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Zacks Research downgraded Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Royal Bank Of Canada boosted their price objective on Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Finally, Barclays cut their target price on Kodiak Gas Services from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 14th.

Kodiak Gas Services Stock Down 0.1%

NYSE KGS opened at $36.45 on Friday. The business has a fifty day moving average price of $35.61 and a 200 day moving average price of $34.66. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.69 and a current ratio of 0.98. The company has a market cap of $3.16 billion, a P/E ratio of 45.56 and a beta of 1.31. Kodiak Gas Services has a one year low of $29.25 and a one year high of $50.43.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.14). The business had revenue of $322.74 million for the quarter, compared to analysts’ expectations of $328.23 million. Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.Kodiak Gas Services’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) EPS. Research analysts anticipate that Kodiak Gas Services will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were given a dividend of $0.49 per share. The ex-dividend date was Monday, November 3rd. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.45. This represents a $1.96 annualized dividend and a yield of 5.4%. Kodiak Gas Services’s dividend payout ratio (DPR) is 245.00%.

Institutional Trading of Kodiak Gas Services

Hedge funds have recently made changes to their positions in the company. Allworth Financial LP raised its position in shares of Kodiak Gas Services by 1,850.0% during the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after buying an additional 703 shares during the period. EverSource Wealth Advisors LLC increased its stake in Kodiak Gas Services by 1,501.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after acquiring an additional 1,156 shares during the last quarter. GAMMA Investing LLC raised its position in Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after purchasing an additional 556 shares during the period. Salem Investment Counselors Inc. acquired a new position in shares of Kodiak Gas Services in the 2nd quarter valued at $51,000. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Kodiak Gas Services by 80.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after purchasing an additional 646 shares during the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.