Kodiak Gas Services (NYSE:KGS) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Kodiak Gas Services (NYSE:KGS) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other analysts have also issued reports on the stock. Mizuho reduced their price target on shares of Kodiak Gas Services from $47.00 to $44.00 and set an “outperform” rating for the company in a research report on Wednesday, December 3rd. Stifel Nicolaus set a $48.00 price objective on shares of Kodiak Gas Services in a research note on Thursday, November 6th. Royal Bank Of Canada increased their target price on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. William Blair initiated coverage on shares of Kodiak Gas Services in a research note on Tuesday, November 18th. They set an “outperform” rating for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Kodiak Gas Services presently has an average rating of “Moderate Buy” and a consensus target price of $44.29.

Kodiak Gas Services Stock Performance

Shares of Kodiak Gas Services stock opened at $37.62 on Friday. Kodiak Gas Services has a 12 month low of $29.25 and a 12 month high of $50.43. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 2.08. The stock has a market cap of $3.26 billion, a PE ratio of 47.02 and a beta of 1.31. The business has a fifty day simple moving average of $35.63 and a 200-day simple moving average of $34.59.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.14). Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.The business had revenue of $322.74 million during the quarter, compared to analysts’ expectations of $328.23 million. During the same period in the prior year, the company posted ($0.07) earnings per share. The firm’s revenue was down .6% on a year-over-year basis. On average, sell-side analysts anticipate that Kodiak Gas Services will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 5.2%. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, November 3rd. Kodiak Gas Services’s dividend payout ratio is 245.00%.

Institutional Trading of Kodiak Gas Services

Several large investors have recently made changes to their positions in KGS. Dynamic Technology Lab Private Ltd grew its holdings in Kodiak Gas Services by 4.6% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 8,180 shares of the company’s stock valued at $280,000 after buying an additional 360 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Kodiak Gas Services by 2.7% in the second quarter. Captrust Financial Advisors now owns 16,925 shares of the company’s stock valued at $580,000 after acquiring an additional 448 shares during the period. CWM LLC grew its stake in shares of Kodiak Gas Services by 4.3% in the second quarter. CWM LLC now owns 14,804 shares of the company’s stock worth $507,000 after acquiring an additional 608 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Kodiak Gas Services by 80.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock worth $54,000 after acquiring an additional 646 shares during the period. Finally, Amplify Investments LLC increased its position in Kodiak Gas Services by 35.7% during the third quarter. Amplify Investments LLC now owns 2,660 shares of the company’s stock worth $98,000 after acquiring an additional 700 shares during the period. 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.