Kodiak Gas Services, Inc. (NYSE:KGS) Given Average Rating of “Moderate Buy” by Analysts

Kodiak Gas Services, Inc. (NYSE:KGS) has been assigned an average rating of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $69.8571.

A number of analysts have recently weighed in on KGS shares. The Goldman Sachs Group raised their price target on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Stifel Nicolaus set a $84.00 price target on shares of Kodiak Gas Services in a research report on Tuesday, May 12th. Citigroup raised their price target on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada raised their price target on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Zacks Research raised shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th.

Kodiak Gas Services Stock Down 3.4%

KGS stock opened at $73.34 on Thursday. Kodiak Gas Services has a twelve month low of $30.06 and a twelve month high of $77.68. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38. The company has a market capitalization of $6.51 billion, a P/E ratio of 99.10 and a beta of 1.01. The firm has a 50 day simple moving average of $63.33 and a 200-day simple moving average of $48.61.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Monday, May 11th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The business had revenue of $345.76 million during the quarter, compared to the consensus estimate of $340.23 million. During the same quarter last year, the company earned $0.33 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, equities research analysts predict that Kodiak Gas Services will post 2.3 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 18th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, May 18th. Kodiak Gas Services’s payout ratio is currently 264.86%.

Insider Transactions at Kodiak Gas Services

In other Kodiak Gas Services news, Director Randall J. Hogan acquired 6,000 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was purchased at an average price of $54.81 per share, with a total value of $328,860.00. Following the completion of the acquisition, the director directly owned 28,406 shares in the company, valued at $1,556,932.86. This trade represents a 26.78% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Ewan William Hamilton sold 5,797 shares of Kodiak Gas Services stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $56.18, for a total transaction of $325,675.46. Following the completion of the transaction, the chief accounting officer directly owned 34,346 shares of the company’s stock, valued at approximately $1,929,558.28. This represents a 14.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have acquired 11,433 shares of company stock valued at $624,360 and have sold 58,673 shares valued at $3,269,110. Company insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Kodiak Gas Services

A number of hedge funds have recently added to or reduced their stakes in KGS. Royal Bank of Canada boosted its holdings in Kodiak Gas Services by 67.5% in the first 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 boosted its holdings in Kodiak Gas Services by 64.9% in the first 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. boosted its holdings in Kodiak Gas Services by 44.8% in the first 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. boosted its holdings in Kodiak Gas Services by 58.3% in the first 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 boosted its holdings in Kodiak Gas Services by 102.4% in the first 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. Institutional investors and hedge funds own 24.95% of the company’s stock.

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.