Mizuho Issues Positive Forecast for Kodiak Gas Services (NYSE:KGS) Stock Price

Kodiak Gas Services (NYSE:KGS) had its price objective raised by Mizuho from $36.00 to $44.00 in a report published on Tuesday morning,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Several other equities research analysts also recently weighed in on the stock. Barclays raised shares of Kodiak Gas Services from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $35.00 to $42.00 in a research note on Tuesday, January 13th. Royal Bank Of Canada boosted their price target on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. Finally, William Blair began coverage on Kodiak Gas Services in a report on Tuesday, November 18th. They issued an “outperform” rating for the company. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $44.83.

Kodiak Gas Services Stock Up 1.5%

Shares of NYSE:KGS opened at $38.31 on Tuesday. The company has a market capitalization of $3.32 billion, a price-to-earnings ratio of 47.88 and a beta of 1.31. Kodiak Gas Services has a 12-month low of $29.25 and a 12-month high of $50.43. The business has a 50-day moving average price of $35.94 and a 200 day moving average price of $34.81. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 2.08.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.14). The firm had revenue of $322.74 million during the quarter, compared to analysts’ expectations of $328.23 million. Kodiak Gas Services had a net margin of 5.84% and a return on equity of 10.37%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.07) EPS. Sell-side analysts expect that Kodiak Gas Services will post 1.12 EPS for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.49 per share. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, November 3rd. This represents a $1.96 dividend on an annualized basis and a yield of 5.1%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 245.00%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Tyler Stone Wealth Management purchased a new stake in shares of Kodiak Gas Services during the 2nd quarter worth approximately $1,068,000. Walleye Capital LLC grew its position in shares of Kodiak Gas Services by 385.9% in the 2nd quarter. Walleye Capital LLC now owns 401,983 shares of the company’s stock valued at $13,776,000 after buying an additional 319,257 shares during the last quarter. Viking Fund Management LLC raised its stake in Kodiak Gas Services by 42.7% during the 3rd quarter. Viking Fund Management LLC now owns 127,000 shares of the company’s stock worth $4,695,000 after acquiring an additional 38,000 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in Kodiak Gas Services in the third quarter valued at $28,385,000. Finally, Invesco Ltd. lifted its position in Kodiak Gas Services by 59.9% in the second quarter. Invesco Ltd. now owns 4,869,346 shares of the company’s stock valued at $166,872,000 after acquiring an additional 1,824,407 shares during the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

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