Brokerages Set Kodiak Gas Services, Inc. (NYSE:KGS) Target Price at $54.57

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $54.5714.

KGS has been the subject of a number of research analyst reports. Citigroup boosted their price objective on Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. The Goldman Sachs Group increased their target price on Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Barclays boosted their price target on Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a research note on Thursday, March 5th. Mizuho upped their price objective on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th.

Kodiak Gas Services Stock Performance

NYSE KGS opened at $58.31 on Wednesday. The stock has a market cap of $5.01 billion, a PE ratio of 67.02 and a beta of 1.11. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.57 and a current ratio of 0.84. The firm has a 50-day moving average of $51.41 and a 200-day moving average of $41.13. Kodiak Gas Services has a 52-week low of $29.25 and a 52-week high of $60.07.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The company had revenue of $332.87 million during the quarter, compared to analyst estimates of $330.95 million. Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company posted $0.21 EPS. On average, sell-side analysts anticipate that Kodiak Gas Services will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were paid a $0.49 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.4%. Kodiak Gas Services’s dividend payout ratio is 225.29%.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, Director Randall J. Hogan bought 6,000 shares of the stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of $54.81 per share, with a total value of $328,860.00. Following the completion of the acquisition, the director owned 28,406 shares of the company’s stock, valued at $1,556,932.86. This trade represents a 26.78% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Cory Anne Roclawski sold 21,161 shares of Kodiak Gas Services stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $56.52, for a total transaction of $1,196,019.72. Following the completion of the sale, the executive vice president owned 42,257 shares of the company’s stock, valued at approximately $2,388,365.64. The trade was a 33.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders purchased 11,433 shares of company stock valued at $624,360 and sold 58,673 shares valued at $3,269,110. 0.27% of the stock is owned by insiders.

Institutional Investors Weigh In On Kodiak Gas Services

Large investors have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its holdings in Kodiak Gas Services by 59.9% in the 2nd quarter. Invesco Ltd. now owns 4,869,346 shares of the company’s stock valued at $166,872,000 after acquiring an additional 1,824,407 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Kodiak Gas Services by 33.8% during the 4th quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock valued at $230,771,000 after acquiring an additional 1,559,172 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Kodiak Gas Services by 3,046.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,471,663 shares of the company’s stock worth $55,040,000 after purchasing an additional 1,424,888 shares in the last quarter. Zimmer Partners LP grew its holdings in shares of Kodiak Gas Services by 45.7% during the 4th quarter. Zimmer Partners LP now owns 4,271,553 shares of the company’s stock worth $159,756,000 after purchasing an additional 1,339,849 shares in the last quarter. Finally, Eagle Global Advisors LLC bought a new position in shares of Kodiak Gas Services in the fourth quarter worth $39,741,000. 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.