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

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have received a consensus recommendation of “Moderate Buy” from the eleven research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $41.45.

A number of equities analysts have issued reports on the stock. Citigroup raised their target price on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Royal Bank of Canada set a $45.00 price objective on Kodiak Gas Services and gave the company an “outperform” rating in a research report on Tuesday, March 11th. Barclays dropped their target price on Kodiak Gas Services from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Raymond James reissued an “outperform” rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Finally, Truist Financial increased their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th.

Institutional Investors Weigh In On Kodiak Gas Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Kodiak Gas Services by 94.7% during the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after purchasing an additional 342 shares in the last quarter. Comerica Bank lifted its holdings in shares of Kodiak Gas Services by 710.1% in the fourth quarter. Comerica Bank now owns 721 shares of the company’s stock valued at $29,000 after buying an additional 632 shares during the period. Sterling Capital Management LLC boosted its stake in Kodiak Gas Services by 1,322.6% during the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company’s stock valued at $31,000 after buying an additional 701 shares in the last quarter. Amalgamated Bank grew its holdings in Kodiak Gas Services by 112.6% during the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock worth $45,000 after acquiring an additional 588 shares during the period. Finally, Transcendent Capital Group LLC bought a new stake in Kodiak Gas Services in the fourth quarter worth about $49,000. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Price Performance

Shares of NYSE KGS opened at $35.61 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $3.16 billion, a price-to-earnings ratio of 122.78 and a beta of 1.59. Kodiak Gas Services has a twelve month low of $24.84 and a twelve month high of $50.43. The business has a 50 day simple moving average of $35.87 and a 200-day simple moving average of $39.08.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.15). Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The business had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. As a group, equities research analysts expect that Kodiak Gas Services will post 1.12 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be paid a $0.45 dividend. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.06%. The ex-dividend date of this dividend is Monday, May 5th. Kodiak Gas Services’s dividend payout ratio is currently 305.08%.

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.