Kodiak Gas Services (NYSE:KGS) Given New $60.00 Price Target at Barclays

Kodiak Gas Services (NYSE:KGS) had its target price raised by Barclays from $49.00 to $60.00 in a research note released on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus set a $48.00 target price on Kodiak Gas Services in a research report on Thursday, November 6th. Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. Mizuho increased their target price on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Finally, Zacks Research downgraded shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and an average target price of $51.25.

Kodiak Gas Services Price Performance

NYSE:KGS opened at $56.35 on Thursday. 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 company has a 50-day moving average of $44.23 and a 200-day moving average of $38.33. Kodiak Gas Services has a 52 week low of $29.25 and a 52 week high of $58.50. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 64.77 and a beta of 1.11.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly 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 during 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 business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the company earned $0.21 EPS. As a group, equities research analysts anticipate that Kodiak Gas Services will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, February 13th. Kodiak Gas Services’s payout ratio is currently 225.29%.

Institutional Investors Weigh In On Kodiak Gas Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. lifted its position in shares of Kodiak Gas Services by 20.4% during the fourth quarter. Invesco Ltd. now owns 7,593,274 shares of the company’s stock worth $283,988,000 after purchasing an additional 1,287,485 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its position in Kodiak Gas Services by 1.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 79,224 shares of the company’s stock worth $2,963,000 after purchasing an additional 1,234 shares during the last quarter. State of Tennessee Department of Treasury lifted its holdings in Kodiak Gas Services by 134.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 28,736 shares of the company’s stock worth $1,075,000 after buying an additional 16,495 shares in the last quarter. Mackenzie Financial Corp boosted its position in Kodiak Gas Services by 35.8% in the 4th quarter. Mackenzie Financial Corp now owns 13,471 shares of the company’s stock valued at $502,000 after buying an additional 3,552 shares during the last quarter. Finally, Empowered Funds LLC acquired a new stake in shares of Kodiak Gas Services in the 4th quarter valued at $1,187,000. Institutional investors and hedge funds 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.