Analysts Set Kodiak Gas Services, Inc. (NYSE:KGS) PT at $44.83

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have received an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $47.00.

A number of equities research analysts have commented on KGS shares. Royal Bank Of Canada increased their target price on Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Citigroup upped their target price on shares of Kodiak Gas Services from $48.00 to $53.00 and gave the company a “buy” rating in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Stifel Nicolaus set a $48.00 target price on shares of Kodiak Gas Services in a research report on Thursday, November 6th. Finally, Wall Street Zen downgraded Kodiak Gas Services from a “hold” rating to a “sell” rating in a report on Saturday.

Institutional Investors Weigh In On Kodiak Gas Services

Several hedge funds have recently modified their holdings of KGS. Allworth Financial LP increased its position in Kodiak Gas Services by 1,850.0% during the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after purchasing an additional 703 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings in Kodiak Gas Services by 52.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after acquiring an additional 364 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Kodiak Gas Services by 1,501.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after purchasing an additional 1,156 shares during the period. GAMMA Investing LLC raised its holdings in shares of Kodiak Gas Services by 80.3% in the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after purchasing an additional 556 shares during the period. 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 in the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $51.12 on Tuesday. Kodiak Gas Services has a 12-month low of $29.25 and a 12-month high of $51.59. The stock has a market cap of $4.43 billion, a P/E ratio of 63.90 and a beta of 1.31. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 2.08. The company has a 50-day moving average of $38.39 and a two-hundred day moving average of $35.87.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, February 13th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, February 13th. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 245.00%.

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.