Kodiak Gas Services, Inc. (NYSE:KGS) Stock Has Consensus Price Target of $79.18

Kodiak Gas Services, Inc. (NYSE:KGS) has been assigned an average recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $78.09.

A number of research analysts have issued reports on the stock. Zacks Research lowered shares of Kodiak Gas Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 27th. Royal Bank Of Canada dropped their price target on shares of Kodiak Gas Services from $88.00 to $82.00 and set an “outperform” rating for the company in a research report on Friday, October 16th. Citigroup cut their target price on Kodiak Gas Services from $86.00 to $82.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Wednesday, August 26th. Finally, Barclays dropped their target price on shares of Kodiak Gas Services from $72.00 to $67.00 and set an “overweight” rating for the company in a research report on Monday, October 5th.

Kodiak Gas Services Stock Performance

KGS opened at $41.70 on Thursday. The business has a fifty day simple moving average of $52.86 and a 200 day simple moving average of $59.09. The company has a market capitalization of $4.23 billion, a PE ratio of 49.64 and a beta of 1.07. Kodiak Gas Services has a 1 year low of $32.55 and a 1 year high of $77.68. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.45 and a quick ratio of 1.15.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.12). Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%. The firm had revenue of $391.12 million for the quarter, compared to the consensus estimate of $386.30 million. During the same quarter in the previous year, the business earned $0.43 EPS. The firm’s quarterly revenue was up 21.2% on a year-over-year basis. Research analysts expect that Kodiak Gas Services will post 2.43 EPS for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Monday, November 16th. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.49. Kodiak Gas Services’s dividend payout ratio is 233.33%.

Insider Buying and Selling at Kodiak Gas Services

In related news, insider Pedro R. Buhigas sold 3,663 shares of Kodiak Gas Services stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $58.14, for a total transaction of $212,966.82. Following the sale, the insider directly owned 32,413 shares of the company’s stock, valued at approximately $1,884,491.82. The trade was a 10.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert McKee sold 6,008 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $62.39, for a total transaction of $374,839.12. Following the completion of the sale, the chief executive officer owned 298,589 shares in the company, valued at $18,628,967.71. This represents a 1.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 23,002 shares of company stock worth $1,325,334 over the last 90 days. Insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Kodiak Gas Services during the second quarter valued at about $1,142,139,000. Wellington Management Group LLP raised its stake in shares of Kodiak Gas Services by 85.0% during the second quarter. Wellington Management Group LLP now owns 2,432,174 shares of the company’s stock valued at $182,729,000 after acquiring an additional 1,117,743 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Kodiak Gas Services by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock valued at $181,108,000 after acquiring an additional 135,998 shares during the last quarter. Bank of America Corp DE bought a new position in shares of Kodiak Gas Services during the second quarter valued at $109,850,000. Finally, Kayne Anderson Capital Advisors LP bought a new position in shares of Kodiak Gas Services during the second quarter valued at $84,821,000. 24.95% of the stock is currently owned by institutional investors.

Kodiak Gas Services Company Profile

Kodiak Gas Services, Inc (NYSE: KGS) provides contract compression and related infrastructure services to the North American oil and gas industry. The company helps producers and midstream operators move natural gas through gathering systems, processing facilities and pipelines by supplying compression equipment and operating it under long-term service arrangements.

Its services include the design, installation, operation and maintenance of natural gas compression systems. Kodiak owns and manages a fleet of compression units that can be deployed across a range of applications, including natural gas gathering and processing.