Kodiak Gas Services (NYSE:KGS) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Kodiak Gas Services (NYSE:KGS) from a strong sell rating to a hold rating in a research note released on Wednesday,Zacks.com reports.

Several other analysts also recently weighed in on KGS. Barclays lifted 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 upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Royal Bank Of Canada upped their target price on shares of Kodiak Gas Services from $45.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Citigroup increased 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 note on Monday, March 2nd. Finally, The Goldman Sachs Group increased their price target on shares of Kodiak Gas Services from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and an average price target of $55.86.

Kodiak Gas Services Price Performance

Shares of NYSE KGS opened at $70.28 on Wednesday. Kodiak Gas Services has a one year low of $30.06 and a one year high of $71.92. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.57 and a current ratio of 0.84. The firm has a fifty day moving average of $60.00 and a 200 day moving average of $46.17. The firm has a market cap of $6.04 billion, a PE ratio of 80.78, a PEG ratio of 1.01 and a beta of 1.01.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.13). The business had revenue of $332.87 million for the quarter, compared to analyst estimates of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $0.21 EPS. As a group, research analysts predict that Kodiak Gas Services will post 2.33 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, May 18th. Kodiak Gas Services’s payout ratio is 225.29%.

Insider Buying and Selling at Kodiak Gas Services

In other news, Director Alexander Newsom Darden purchased 5,000 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were bought at an average cost of $54.75 per share, with a total value of $273,750.00. Following the purchase, the director directly owned 5,000 shares of the company’s stock, valued at approximately $273,750. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pedro R. Buhigas sold 13,942 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $55.73, for a total transaction of $776,987.66. Following the transaction, the insider directly owned 42,723 shares of the company’s stock, valued at approximately $2,380,952.79. This represents a 24.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 11,433 shares of company stock worth $624,360 and have sold 58,673 shares worth $3,269,110. Corporate insiders own 0.64% of the company’s stock.

Institutional Trading of Kodiak Gas Services

A number of institutional investors have recently modified their holdings of KGS. Royal Bank of Canada grew its holdings in shares of Kodiak Gas Services by 67.5% during the 1st quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock worth $382,000 after purchasing an additional 4,126 shares during the period. AQR Capital Management LLC grew its holdings in shares of Kodiak Gas Services by 64.9% during the 1st quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock worth $793,000 after purchasing an additional 8,369 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Kodiak Gas Services by 44.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock worth $1,000,000 after purchasing an additional 8,297 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Kodiak Gas Services by 58.3% during 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 period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Kodiak Gas Services by 102.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock worth $3,548,000 after purchasing an additional 48,122 shares during the period. 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.