Kodiak Gas Services, Inc. (NYSE:KGS) Receives Average Recommendation of “Moderate Buy” from Analysts

Kodiak Gas Services, Inc. (NYSE:KGS) has received a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $28.14.

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Kodiak Gas Services from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Raymond James lifted their price objective on shares of Kodiak Gas Services from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Truist Financial lifted their price objective on shares of Kodiak Gas Services from $28.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. The Goldman Sachs Group lifted their price objective on shares of Kodiak Gas Services from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada lifted their price objective on shares of Kodiak Gas Services from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th.

Hedge Funds Weigh In On Kodiak Gas Services

Institutional investors and hedge funds have recently modified their holdings of the stock. Walleye Capital LLC purchased a new position in shares of Kodiak Gas Services during the 3rd quarter valued at $3,374,000. Jennison Associates LLC acquired a new stake in shares of Kodiak Gas Services in the 1st quarter valued at $5,184,000. Vanguard Group Inc. lifted its stake in shares of Kodiak Gas Services by 504.9% in the 3rd quarter. Vanguard Group Inc. now owns 967,799 shares of the company’s stock valued at $17,304,000 after purchasing an additional 807,799 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Kodiak Gas Services by 20.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,279,636 shares of the company’s stock valued at $25,695,000 after purchasing an additional 215,570 shares during the last quarter. Finally, Swiss National Bank acquired a new stake in shares of Kodiak Gas Services in the 4th quarter valued at $920,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Trading Down 0.1 %

Kodiak Gas Services stock opened at $27.34 on Monday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.76 and a current ratio of 1.11. The firm has a market cap of $2.30 billion and a price-to-earnings ratio of 31.07. Kodiak Gas Services has a 1 year low of $15.85 and a 1 year high of $29.43. The firm’s 50 day moving average price is $27.01 and its two-hundred day moving average price is $25.55.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $215.50 million for the quarter, compared to analyst estimates of $220.55 million. Kodiak Gas Services had a net margin of 7.15% and a return on equity of 7.33%. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, research analysts predict that Kodiak Gas Services will post 1.81 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 13th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend was Friday, May 10th. Kodiak Gas Services’s dividend payout ratio is currently 172.73%.

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.