Kodiak Gas Services, Inc. (NYSE:KGS) Given Consensus Rating of “Moderate Buy” by Analysts

Kodiak Gas Services, Inc. (NYSE:KGS) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $26.14.

Several analysts have recently commented on KGS shares. JPMorgan Chase & Co. lifted their price target on shares of Kodiak Gas Services from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Raymond James boosted their target price on shares of Kodiak Gas Services from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. Finally, The Goldman Sachs Group boosted their price target on shares of Kodiak Gas Services from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Wednesday, April 10th.

Kodiak Gas Services Trading Up 0.6 %

Shares of KGS opened at $27.72 on Wednesday. The company has a current ratio of 1.10, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. The stock has a fifty day moving average price of $26.27 and a 200-day moving average price of $21.86. Kodiak Gas Services has a 12 month low of $15.05 and a 12 month high of $29.00.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $225.98 million during the quarter, compared to the consensus estimate of $224.45 million. On average, research analysts expect that Kodiak Gas Services will post 1.82 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 16th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date was Thursday, February 15th.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, Director Margaret C. Montana purchased 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The stock was acquired at an average cost of $25.25 per share, with a total value of $50,500.00. Following the acquisition, the director now owns 16,375 shares of the company’s stock, valued at approximately $413,468.75. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.18% of the company’s stock.

Institutional Trading of Kodiak Gas Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Quadrature Capital Ltd raised its holdings in shares of Kodiak Gas Services by 30.2% in the 4th quarter. Quadrature Capital Ltd now owns 26,736 shares of the company’s stock worth $537,000 after purchasing an additional 6,198 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Kodiak Gas Services in the 4th quarter worth approximately $46,000. Goldman Sachs Group Inc. increased its position in shares of Kodiak Gas Services by 20.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,279,636 shares of the company’s stock worth $25,695,000 after acquiring an additional 215,570 shares in the last quarter. Tortoise Index Solutions LLC increased its position in shares of Kodiak Gas Services by 12.9% in the fourth quarter. Tortoise Index Solutions LLC now owns 21,488 shares of the company’s stock worth $431,000 after acquiring an additional 2,448 shares in the last quarter. Finally, Parallel Advisors LLC purchased a new position in shares of Kodiak Gas Services in the fourth quarter worth approximately $60,000. 24.95% of the stock is currently owned by institutional investors.

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.