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

Kodiak Gas Services, Inc. (NYSE:KGS) has earned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $54.5714.

A number of research analysts have recently commented on the company. Royal Bank Of Canada raised their target price on Kodiak Gas Services from $45.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. The Goldman Sachs Group increased their price objective on Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Barclays boosted their target price on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Citigroup lifted their price target on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, March 2nd.

Insider Buying and Selling

In related news, Director Randall J. Hogan bought 6,000 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of $54.81 per share, with a total value of $328,860.00. Following the completion of the purchase, the director owned 28,406 shares in the company, valued at approximately $1,556,932.86. The trade was a 26.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Ewan William Hamilton sold 5,797 shares of the firm’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total value of $325,675.46. Following the transaction, the chief accounting officer owned 34,346 shares of the company’s stock, valued at $1,929,558.28. The trade was a 14.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have bought 11,433 shares of company stock worth $624,360 and have sold 58,673 shares worth $3,269,110. 0.27% of the stock is currently owned by corporate insiders.

Institutional Trading of Kodiak Gas Services

A number of institutional investors and hedge funds have recently bought and sold shares of KGS. Principal Financial Group Inc. increased its position in shares of Kodiak Gas Services by 492.8% during the 3rd quarter. Principal Financial Group Inc. now owns 399,041 shares of the company’s stock valued at $14,753,000 after purchasing an additional 331,732 shares during the last quarter. Rhumbline Advisers grew its position in Kodiak Gas Services by 126.9% during the third quarter. Rhumbline Advisers now owns 179,160 shares of the company’s stock valued at $6,624,000 after buying an additional 100,194 shares during the period. Tyler Stone Wealth Management purchased a new stake in Kodiak Gas Services during the second quarter valued at approximately $1,068,000. Walleye Capital LLC increased its holdings in Kodiak Gas Services by 385.9% during the second 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. Finally, Viking Fund Management LLC raised its position in Kodiak Gas Services by 42.7% in the third 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 during the period. 24.95% of the stock is currently owned by institutional investors.

Kodiak Gas Services Trading Up 1.0%

Shares of KGS opened at $59.11 on Wednesday. Kodiak Gas Services has a 1-year low of $29.25 and a 1-year high of $60.07. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 2.12. The firm’s 50-day moving average price is $49.31 and its 200-day moving average price is $40.25. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 67.94 and a beta of 1.11.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The company had revenue of $332.87 million during the quarter, compared to the consensus estimate of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.Kodiak Gas Services’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.21 earnings per share. Sell-side analysts anticipate that Kodiak Gas Services will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, February 13th. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 225.29%.

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.