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

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $44.8333.

A number of research firms recently issued reports on KGS. Barclays raised Kodiak Gas Services from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $35.00 to $42.00 in a research report on Tuesday. Stifel Nicolaus set a $48.00 price target on Kodiak Gas Services in a report on Thursday, November 6th. Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Finally, Royal Bank Of Canada boosted 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.

Institutional Trading of Kodiak Gas Services

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Stablepoint Partners LLC bought a new stake in shares of Kodiak Gas Services in the fourth quarter valued at approximately $342,000. Argentarii LLC grew its position in Kodiak Gas Services by 293.7% in the 4th quarter. Argentarii LLC now owns 23,620 shares of the company’s stock worth $883,000 after purchasing an additional 17,620 shares during the last quarter. Viking Fund Management LLC increased its holdings in shares of Kodiak Gas Services by 23.6% during the 4th quarter. Viking Fund Management LLC now owns 157,000 shares of the company’s stock worth $5,872,000 after purchasing an additional 30,000 shares during the period. GAMMA Investing LLC raised its position in shares of Kodiak Gas Services by 80.3% during the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after buying an additional 556 shares during the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Kodiak Gas Services in the third quarter valued at about $266,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $36.84 on Friday. The company has a market capitalization of $3.19 billion, a PE ratio of 46.05 and a beta of 1.31. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.69 and a current ratio of 0.98. The company’s 50 day moving average price is $35.60 and its 200 day moving average price is $34.69. Kodiak Gas Services has a 52 week low of $29.25 and a 52 week high of $50.43.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results 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 company had revenue of $322.74 million for the quarter, compared to analyst estimates of $328.23 million. During the same period last year, the business earned ($0.07) EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. Research analysts expect that Kodiak Gas Services will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were issued a $0.49 dividend. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.45. This represents a $1.96 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date was Monday, November 3rd. Kodiak Gas Services’s dividend payout ratio is currently 245.00%.

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.