Kodiak Gas Services, Inc. (NYSE:KGS) Stock Has Average Price Target of $77.50

Kodiak Gas Services, Inc. (NYSE:KGS) has been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $79.70.

Several research analysts have recently weighed in on the stock. Piper Sandler started coverage on shares of Kodiak Gas Services in a research report on Tuesday, July 28th. They issued an “overweight” rating and a $78.00 target price on the stock. Citigroup reduced their price target on shares of Kodiak Gas Services from $86.00 to $82.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Barclays reduced their price target on shares of Kodiak Gas Services from $72.00 to $67.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Wednesday, August 26th. Finally, Stifel Nicolaus raised their price objective on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th.

Insider Activity

In other news, insider Pedro Buhigas sold 3,663 shares of the firm’s stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $58.14, for a total value of $212,966.82. Following the completion of the sale, the insider owned 32,413 shares of the company’s stock, valued at $1,884,491.82. This trade represents a 10.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO William Lenamon sold 1,000 shares of Kodiak Gas Services stock in a transaction on Monday, October 12th. The shares were sold at an average price of $53.25, for a total value of $53,250.00. Following the transaction, the chief operating officer owned 84,294 shares in the company, valued at $4,488,655.50. This represents a 1.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 20,336 shares of company stock worth $1,203,897 over the last quarter. Corporate insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Kodiak Gas Services

Institutional investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. acquired a new position in shares of Kodiak Gas Services in the third quarter worth $8,984,000. Copeland Capital Management LLC raised its holdings in shares of Kodiak Gas Services by 39.2% during the third quarter. Copeland Capital Management LLC now owns 662,857 shares of the company’s stock worth $35,112,000 after acquiring an additional 186,822 shares in the last quarter. Chickasaw Capital Management LLC boosted its position in Kodiak Gas Services by 318.7% during the third quarter. Chickasaw Capital Management LLC now owns 1,017,357 shares of the company’s stock valued at $53,889,000 after purchasing an additional 774,357 shares during the last quarter. Core Capital Management & Research inc. acquired a new stake in Kodiak Gas Services during the second quarter valued at $64,000. Finally, Engineers Gate Manager LP acquired a new stake in Kodiak Gas Services during the second quarter valued at $424,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Kodiak Gas Services Trading Down 1.3%

Shares of KGS opened at $47.18 on Friday. The business’s 50-day moving average price is $57.73 and its 200 day moving average price is $63.38. The stock has a market capitalization of $4.78 billion, a P/E ratio of 56.17 and a beta of 1.01. Kodiak Gas Services has a 1-year low of $32.55 and a 1-year high of $77.68. The company has a current ratio of 1.45, a quick ratio of 1.15 and a debt-to-equity ratio of 1.28.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.12). Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%. The company had revenue of $391.12 million for the quarter, compared to analyst estimates of $386.30 million. During the same quarter in the previous year, the firm posted $0.43 EPS. Kodiak Gas Services’s quarterly revenue was up 21.2% on a year-over-year basis. Analysts expect that Kodiak Gas Services will post 2.46 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Monday, August 17th were issued a $0.49 dividend. The ex-dividend date was Monday, August 17th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.2%. Kodiak Gas Services’s dividend payout ratio is presently 233.33%.

Kodiak Gas Services Company Profile

Kodiak Gas Services, Inc (NYSE:KGS) provides contract natural gas compression services in the United States. The company helps oil and gas producers and midstream operators move natural gas through gathering systems, processing facilities, pipelines and other infrastructure by supplying and operating compression equipment.

Its services include the design, installation, commissioning, operation, maintenance and relocation of natural gas compression systems. Kodiak owns and manages a fleet of compressors that can be deployed for a range of applications, including gathering, processing, storage and transmission.