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

Kodiak Gas Services, Inc. (NYSE:KGS) has earned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $40.64.

KGS has been the subject of several recent research reports. JPMorgan Chase & Co. restated a “buy” rating and set a $43.00 price target (up previously from $42.00) on shares of Kodiak Gas Services in a research report on Monday, June 23rd. Mizuho lowered their price target on shares of Kodiak Gas Services from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Tuesday, May 20th. Finally, Barclays lowered their price target on shares of Kodiak Gas Services from $41.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th.

Hedge Funds Weigh In On Kodiak Gas Services

A number of institutional investors and hedge funds have recently bought and sold shares of KGS. Viking Fund Management LLC boosted its position in shares of Kodiak Gas Services by 20.3% during the 2nd quarter. Viking Fund Management LLC now owns 89,000 shares of the company’s stock valued at $3,050,000 after purchasing an additional 15,000 shares in the last quarter. Baker Ellis Asset Management LLC boosted its position in shares of Kodiak Gas Services by 2.1% during the 2nd quarter. Baker Ellis Asset Management LLC now owns 128,353 shares of the company’s stock valued at $4,399,000 after purchasing an additional 2,631 shares in the last quarter. Salem Investment Counselors Inc. bought a new position in shares of Kodiak Gas Services during the 2nd quarter valued at about $51,000. Voya Investment Management LLC boosted its position in shares of Kodiak Gas Services by 5,009.6% during the 1st quarter. Voya Investment Management LLC now owns 375,810 shares of the company’s stock valued at $14,018,000 after purchasing an additional 368,455 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Kodiak Gas Services by 37.3% during the 1st quarter. Rhumbline Advisers now owns 60,450 shares of the company’s stock valued at $2,255,000 after purchasing an additional 16,408 shares in the last quarter. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Stock Down 1.1%

KGS stock opened at $31.58 on Friday. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.17 and a quick ratio of 0.87. Kodiak Gas Services has a 1-year low of $24.84 and a 1-year high of $50.43. The firm has a fifty day moving average price of $34.43 and a two-hundred day moving average price of $38.00. The firm has a market cap of $2.80 billion, a price-to-earnings ratio of 59.59 and a beta of 1.35.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Kodiak Gas Services had a net margin of 3.93% and a return on equity of 8.49%. The firm had revenue of $329.64 million during the quarter, compared to analyst estimates of $328.45 million. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was up 52.9% compared to the same quarter last year. Research analysts predict that Kodiak Gas Services will post 1.12 EPS for the current year.

Kodiak Gas Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 5.70%. The ex-dividend date of this dividend was Monday, May 5th. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.41. Kodiak Gas Services’s dividend payout ratio is currently 339.62%.

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.