Kodiak Gas Services (NYSE:KGS) Research Coverage Started at Redburn Atlantic

Redburn Atlantic assumed coverage on shares of Kodiak Gas Services (NYSE:KGS) in a report issued on Thursday morning, MarketBeat reports. The firm issued a buy rating and a $35.00 price target on the stock.

Other analysts have also recently issued reports about the company. Stifel Nicolaus upped their target price on Kodiak Gas Services from $31.00 to $35.00 and gave the company a buy rating in a report on Wednesday, August 14th. Royal Bank of Canada upped their target price on Kodiak Gas Services from $30.00 to $31.00 and gave the company an outperform rating in a report on Wednesday, August 21st. Barclays assumed coverage on Kodiak Gas Services in a report on Wednesday, July 17th. They issued an equal weight rating and a $29.00 target price on the stock. Bank of America assumed coverage on Kodiak Gas Services in a report on Wednesday. They issued a buy rating and a $30.00 target price on the stock. Finally, Truist Financial upped their target price on Kodiak Gas Services from $32.00 to $35.00 and gave the company a buy rating in a report on Thursday, August 15th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Kodiak Gas Services currently has an average rating of Moderate Buy and an average target price of $31.78.

Kodiak Gas Services Stock Performance

NYSE:KGS opened at $29.58 on Thursday. The stock has a market cap of $2.49 billion, a P/E ratio of 33.61 and a beta of 0.90. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.70. The stock’s 50-day moving average is $27.38 and its 200-day moving average is $27.12. Kodiak Gas Services has a 1-year low of $16.72 and a 1-year high of $29.91.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Monday, August 12th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.29). Kodiak Gas Services had a return on equity of 7.20% and a net margin of 5.23%. The firm had revenue of $309.65 million for the quarter, compared to the consensus estimate of $313.88 million. Equities research analysts anticipate that Kodiak Gas Services will post 1.15 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 5.54%. Kodiak Gas Services’s payout ratio is 186.36%.

Hedge Funds Weigh In On Kodiak Gas Services

Several institutional investors have recently added to or reduced their stakes in KGS. Security National Bank acquired a new position in shares of Kodiak Gas Services during the second quarter worth approximately $39,000. HWG Holdings LP acquired a new position in shares of Kodiak Gas Services during the second quarter worth approximately $40,000. PNC Financial Services Group Inc. acquired a new position in shares of Kodiak Gas Services during the fourth quarter worth approximately $46,000. nVerses Capital LLC raised its position in shares of Kodiak Gas Services by 90.9% during the second quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after purchasing an additional 1,000 shares during the period. Finally, Parallel Advisors LLC acquired a new position in shares of Kodiak Gas Services during the fourth quarter worth approximately $60,000. 24.95% of the stock is owned by institutional investors and hedge funds.

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.