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

Kodiak Gas Services, Inc. (NYSE:KGS) has earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $28.14.

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada raised their price objective on Kodiak Gas Services from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. Truist Financial raised their target price on Kodiak Gas Services from $28.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Raymond James raised their target price on Kodiak Gas Services from $30.00 to $32.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their target price on Kodiak Gas Services from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Finally, The Goldman Sachs Group raised their target price on Kodiak Gas Services from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th.

Institutional Investors Weigh In On Kodiak Gas Services

A number of hedge funds have recently added to or reduced their stakes in KGS. Vanguard Group Inc. grew its stake in Kodiak Gas Services by 504.9% in the third quarter. Vanguard Group Inc. now owns 967,799 shares of the company’s stock valued at $17,304,000 after acquiring an additional 807,799 shares during the period. Blackstone Inc. lifted its holdings in shares of Kodiak Gas Services by 1,358.3% in the first quarter. Blackstone Inc. now owns 644,231 shares of the company’s stock valued at $17,613,000 after purchasing an additional 600,055 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Kodiak Gas Services in the first quarter valued at approximately $11,544,000. Goldman Sachs Group Inc. lifted its holdings in shares of Kodiak Gas Services by 20.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,279,636 shares of the company’s stock valued at $25,695,000 after purchasing an additional 215,570 shares in the last quarter. Finally, Jennison Associates LLC bought a new position in shares of Kodiak Gas Services in the first quarter valued at approximately $5,184,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Price Performance

Shares of KGS opened at $26.17 on Thursday. Kodiak Gas Services has a 1 year low of $15.05 and a 1 year high of $29.43. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.11 and a quick ratio of 0.76. The company has a market capitalization of $2.21 billion and a price-to-earnings ratio of 29.74. The business has a 50-day moving average of $27.07 and a 200-day moving average of $24.62.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Kodiak Gas Services had a return on equity of 7.33% and a net margin of 7.15%. The company had revenue of $215.50 million during the quarter, compared to the consensus estimate of $220.55 million. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Kodiak Gas Services will post 1.81 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were paid a $0.38 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.52 dividend on an annualized basis and a yield of 5.81%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 172.73%.

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.