Kodiak Gas Services, Inc. (NYSE:KGS) Receives Consensus Rating of “Moderate Buy” from Analysts

Kodiak Gas Services, Inc. (NYSE:KGS) has received a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $47.00.

Several research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Kodiak Gas Services from $48.00 to $53.00 and gave the company a “buy” rating in a report on Friday, February 6th. William Blair began coverage on shares of Kodiak Gas Services in a research report on Tuesday, November 18th. They issued an “outperform” rating for the company. Royal Bank Of Canada upped their price objective 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. Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Mizuho boosted their target price on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th.

Hedge Funds Weigh In On Kodiak Gas Services

A number of hedge funds have recently modified their holdings of KGS. Allworth Financial LP raised its position in Kodiak Gas Services by 1,850.0% in the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after purchasing an additional 703 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Kodiak Gas Services by 52.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after purchasing an additional 364 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Kodiak Gas Services by 1,501.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after purchasing an additional 1,156 shares during the period. State of Wyoming raised its holdings in shares of Kodiak Gas Services by 201.7% in the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after buying an additional 815 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after buying an additional 556 shares during the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Price Performance

Shares of NYSE KGS opened at $54.41 on Friday. The stock’s 50-day simple moving average is $42.59 and its 200-day simple moving average is $37.71. The firm has a market capitalization of $4.72 billion, a PE ratio of 62.54 and a beta of 1.31. Kodiak Gas Services has a fifty-two week low of $29.25 and a fifty-two week high of $55.49. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.69 and a current ratio of 0.98.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.31%. The company had revenue of $332.87 million during the quarter, compared to analysts’ expectations of $330.95 million. During the same quarter in the prior year, the company earned $0.21 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities research analysts forecast that Kodiak Gas Services will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were paid a $0.49 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.6%. Kodiak Gas Services’s payout ratio is currently 225.29%.

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.