Kodiak Gas Services, Inc. (NYSE:KGS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have been given an average rating of “Moderate Buy” by the ten brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $44.2857.

Several brokerages have weighed in on KGS. Wall Street Zen cut Kodiak Gas Services from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 8th. Barclays cut their target price on Kodiak Gas Services from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 14th. Stifel Nicolaus set a $48.00 price target on Kodiak Gas Services in a research report on Thursday, November 6th. Finally, Zacks Research lowered shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th.

Kodiak Gas Services Price Performance

KGS stock opened at $37.22 on Monday. Kodiak Gas Services has a 52 week low of $29.25 and a 52 week high of $50.43. The firm has a market capitalization of $3.23 billion, a P/E ratio of 46.52 and a beta of 1.33. The company has a fifty day simple moving average of $35.05 and a two-hundred day simple moving average of $34.42. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 2.08.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.14). Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.The business had revenue of $322.74 million during the quarter, compared to the consensus estimate of $328.23 million. During the same quarter last year, the firm earned ($0.07) earnings per share. The business’s quarterly revenue was down .6% on a year-over-year basis. Analysts anticipate that Kodiak Gas Services will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.96 dividend on an annualized basis and a dividend yield of 5.3%. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.45. Kodiak Gas Services’s dividend payout ratio is presently 245.00%.

Institutional Trading of Kodiak Gas Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in shares of Kodiak Gas Services by 1,850.0% during the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after buying an additional 703 shares during the period. Quarry LP purchased a new stake in shares of Kodiak Gas Services in the first quarter worth approximately $30,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Kodiak Gas Services during the 1st quarter worth approximately $37,000. EverSource Wealth Advisors LLC lifted its stake in shares of Kodiak Gas Services by 1,501.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after acquiring an additional 1,156 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in Kodiak Gas Services by 80.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after acquiring an additional 646 shares during the period. 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.