Kodiak Gas Services (NYSE:KGS) Stock Price Up 6.5% – Here’s Why

Kodiak Gas Services, Inc. (NYSE:KGS) was up 6.5% during mid-day trading on Thursday . The stock traded as high as $46.98 and last traded at $45.1540. Approximately 1,434,542 shares traded hands during trading, an increase of 13% from the average daily volume of 1,267,907 shares. The stock had previously closed at $42.40.

Analyst Ratings Changes

Several research firms have recently weighed in on KGS. Citigroup boosted their price objective on shares of Kodiak Gas Services from $48.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday. Mizuho boosted their price target on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Stifel Nicolaus set a $48.00 price objective on Kodiak Gas Services in a research note on Thursday, November 6th. Barclays lifted their target price on Kodiak Gas Services from $42.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Royal Bank Of Canada increased their price target on Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Kodiak Gas Services Stock Performance

The company has a debt-to-equity ratio of 2.08, a current ratio of 0.98 and a quick ratio of 0.69. The stock’s 50-day moving average price is $38.07 and its 200-day moving average price is $35.68. The company has a market cap of $4.33 billion, a P/E ratio of 62.41 and a beta of 1.31.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data 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). 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 during the quarter, compared to the consensus estimate of $328.23 million. During the same period in the prior year, the firm earned ($0.07) EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. Equities analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, February 13th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, February 13th. Kodiak Gas Services’s payout ratio is 245.00%.

Hedge Funds Weigh In On Kodiak Gas Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. United Advisor Group LLC grew its holdings in shares of Kodiak Gas Services by 2.0% during the 4th quarter. United Advisor Group LLC now owns 15,817 shares of the company’s stock worth $592,000 after purchasing an additional 304 shares in the last quarter. Comerica Bank grew its stake in Kodiak Gas Services by 1.8% during the fourth quarter. Comerica Bank now owns 20,499 shares of the company’s stock worth $767,000 after buying an additional 357 shares in the last quarter. Dynamic Technology Lab Private Ltd grew its stake in Kodiak Gas Services by 4.6% during the second quarter. Dynamic Technology Lab Private Ltd now owns 8,180 shares of the company’s stock worth $280,000 after buying an additional 360 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Kodiak Gas Services by 52.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after buying an additional 364 shares during the period. Finally, Captrust Financial Advisors raised its position in shares of Kodiak Gas Services by 2.7% in the 2nd quarter. Captrust Financial Advisors now owns 16,925 shares of the company’s stock valued at $580,000 after buying an additional 448 shares in the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

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.