Kodiak Gas Services, Inc. (NYSE:KGS) Receives $41.45 Consensus Price Target from Brokerages

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have been assigned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $41.45.

Several analysts have weighed in on KGS shares. Raymond James reaffirmed an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the company an “outperform” rating in a report on Tuesday, March 11th. Mizuho increased their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Truist Financial lifted their price target on Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Finally, Barclays decreased their price objective on shares of Kodiak Gas Services from $41.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th.

Institutional Investors Weigh In On Kodiak Gas Services

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in shares of Kodiak Gas Services by 94.7% in the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after acquiring an additional 342 shares during the last quarter. Comerica Bank grew its stake in Kodiak Gas Services by 710.1% in the fourth quarter. Comerica Bank now owns 721 shares of the company’s stock valued at $29,000 after acquiring an additional 632 shares during the period. Sterling Capital Management LLC increased its holdings in shares of Kodiak Gas Services by 1,322.6% in the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company’s stock worth $31,000 after acquiring an additional 701 shares in the last quarter. Amalgamated Bank raised its position in shares of Kodiak Gas Services by 112.6% during the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock worth $45,000 after purchasing an additional 588 shares during the period. Finally, Transcendent Capital Group LLC bought a new position in shares of Kodiak Gas Services during the 4th quarter valued at about $49,000. 24.95% of the stock is owned by institutional investors and hedge funds.

Kodiak Gas Services Trading Up 0.3 %

Shares of KGS opened at $35.56 on Friday. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The stock has a market cap of $3.15 billion, a PE ratio of 122.62 and a beta of 1.59. Kodiak Gas Services has a 1 year low of $24.84 and a 1 year high of $50.43. The stock has a 50 day simple moving average of $35.16 and a 200-day simple moving average of $39.21.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The company had revenue of $329.64 million during the quarter, compared to analysts’ expectations of $328.45 million. During the same period last year, the business earned $0.39 earnings per share. The business’s revenue was up 52.9% on a year-over-year basis. On average, sell-side analysts predict that Kodiak Gas Services will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.06%. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.41. Kodiak Gas Services’s dividend payout ratio is 339.62%.

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.