Kodiak Gas Services, Inc. (NYSE:KGS) Receives $34.18 Average Target Price from Analysts

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have received an average rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $34.64.

A number of brokerages recently issued reports on KGS. 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 research report on Wednesday, August 14th. Truist Financial increased their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. Raymond James lifted their target price on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada upped their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Citigroup started coverage on shares of Kodiak Gas Services in a research report on Friday, September 27th. They set a “buy” rating and a $35.00 price objective on the stock.

Kodiak Gas Services Stock Down 0.4 %

Shares of NYSE:KGS opened at $36.17 on Friday. The firm has a 50 day simple moving average of $30.40 and a 200-day simple moving average of $28.32. Kodiak Gas Services has a twelve month low of $17.47 and a twelve month high of $36.64. 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 company has a market capitalization of $3.06 billion, a PE ratio of 124.73 and a beta of 0.79.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Monday, August 12th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.29). Kodiak Gas Services had a return on equity of 8.14% and a net margin of 2.23%. The company had revenue of $309.65 million for the quarter, compared to analyst estimates of $313.88 million. On average, equities analysts predict that Kodiak Gas Services will post 1.15 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.53%. Kodiak Gas Services’s dividend payout ratio (DPR) is 565.54%.

Hedge Funds Weigh In On Kodiak Gas Services

Large investors have recently modified their holdings of the business. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Kodiak Gas Services in the 2nd quarter valued at about $913,000. Quantbot Technologies LP increased its holdings in Kodiak Gas Services by 345.3% in the first quarter. Quantbot Technologies LP now owns 45,403 shares of the company’s stock valued at $1,241,000 after buying an additional 35,208 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Kodiak Gas Services during the 1st quarter valued at approximately $1,046,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Kodiak Gas Services during the 1st quarter worth approximately $11,544,000. Finally, HWG Holdings LP boosted its stake in shares of Kodiak Gas Services by 5,435.7% during the 3rd quarter. HWG Holdings LP now owns 80,932 shares of the company’s stock worth $2,347,000 after acquiring an additional 79,470 shares in the last quarter. 24.95% of the stock is owned by hedge funds and other institutional investors.

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.