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

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have received an average recommendation of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $44.2857.

A number of brokerages have issued reports on KGS. Stifel Nicolaus set a $48.00 price target on Kodiak Gas Services in a research report on Thursday, November 6th. Zacks Research cut shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Royal Bank Of Canada raised their target price on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Finally, Barclays reduced their price target on shares of Kodiak Gas Services from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 14th.

Institutional Trading of Kodiak Gas Services

Several institutional investors have recently modified their holdings of the company. Invesco Ltd. boosted its stake in Kodiak Gas Services by 59.9% during the second quarter. Invesco Ltd. now owns 4,869,346 shares of the company’s stock valued at $166,872,000 after buying an additional 1,824,407 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Kodiak Gas Services by 41.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,611,188 shares of the company’s stock valued at $170,476,000 after purchasing an additional 1,348,357 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in shares of Kodiak Gas Services in the 3rd quarter worth approximately $28,385,000. Goldman Sachs Group Inc. grew its stake in shares of Kodiak Gas Services by 58.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock worth $73,979,000 after purchasing an additional 730,180 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Kodiak Gas Services by 2,201.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 617,151 shares of the company’s stock worth $21,150,000 after purchasing an additional 590,337 shares during the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Trading Up 1.5%

Kodiak Gas Services stock opened at $36.47 on Friday. Kodiak Gas Services has a 52-week low of $29.25 and a 52-week high of $50.43. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 45.59 and a beta of 1.31. The firm has a 50-day moving average price of $35.62 and a two-hundred day moving average price of $34.64.

Kodiak Gas Services (NYSE:KGS) last released its quarterly 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 net margin of 5.84% and a return on equity of 10.37%. The business had revenue of $322.74 million for the quarter, compared to the consensus estimate of $328.23 million. During the same period last year, the firm posted ($0.07) EPS. The business’s quarterly revenue was down .6% on a year-over-year basis. Sell-side analysts expect that Kodiak Gas Services will post 1.12 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 5.4%. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, November 3rd. Kodiak Gas Services’s payout ratio is currently 245.00%.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.