Kodiak Gas Services (NYSE:KGS) Stock Gets Price Target Trim from Stifel Nicolaus

Kodiak Gas Services (NYSE:KGS) had its price target reduced by Stifel Nicolaus from $92.00 to $90.00 in a research note released on Tuesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other brokerages also recently weighed in on KGS. JPMorgan Chase & Co. cut their price target on shares of Kodiak Gas Services from $79.00 to $78.00 and set an “overweight” rating for the company in a report on Thursday, October 8th. Citigroup reduced their price objective on shares of Kodiak Gas Services from $86.00 to $82.00 and set a “buy” rating for the company in a research report on Friday, October 9th. Jefferies Financial Group lowered their price objective on shares of Kodiak Gas Services from $53.00 to $52.00 and set a “buy” rating on the stock in a research note on Tuesday. Piper Sandler initiated coverage on shares of Kodiak Gas Services in a report on Tuesday, July 28th. They issued an “overweight” rating and a $78.00 target price on the stock. Finally, Mizuho cut their target price on shares of Kodiak Gas Services from $72.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday. Fourteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Kodiak Gas Services currently has an average rating of “Moderate Buy” and a consensus price target of $75.92.

Kodiak Gas Services Stock Up 1.1%

KGS opened at $44.36 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.31. The company has a market capitalization of $4.50 billion, a PE ratio of 19.58, a P/E/G ratio of 0.72 and a beta of 1.07. The stock’s fifty day moving average is $51.61 and its 200-day moving average is $59.16. Kodiak Gas Services has a one year low of $32.55 and a one year high of $77.68.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Monday, November 9th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.08. The business had revenue of $401.79 million during the quarter, compared to analysts’ expectations of $387.50 million. Kodiak Gas Services had a return on equity of 12.62% and a net margin of 11.28%. The company’s quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter last year, the business posted $0.36 earnings per share. On average, equities analysts predict that Kodiak Gas Services will post 2.46 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 16th will be issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Monday, November 16th. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.49. Kodiak Gas Services’s payout ratio is presently 114.62%.

Insider Buying and Selling

In other news, CEO Robert McKee sold 2,666 shares of the company’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $45.55, for a total transaction of $121,436.30. Following the completion of the sale, the chief executive officer directly owned 287,258 shares of the company’s stock, valued at $13,084,601.90. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Pedro R. Buhigas sold 3,663 shares of the stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $58.14, for a total value of $212,966.82. Following the completion of the transaction, the insider owned 32,413 shares of the company’s stock, valued at $1,884,491.82. This trade represents a 10.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 24,002 shares of company stock valued at $1,369,534 over the last ninety days. 0.64% of the stock is currently owned by company insiders.

Institutional Trading of Kodiak Gas Services

Institutional investors and hedge funds have recently bought and sold shares of the stock. AlphaGrep UK Ltd purchased a new stake in Kodiak Gas Services during the third quarter valued at about $333,000. First Trust Advisors LP increased its position in shares of Kodiak Gas Services by 3.5% in the third quarter. First Trust Advisors LP now owns 258,719 shares of the company’s stock worth $13,704,000 after acquiring an additional 8,667 shares in the last quarter. Voya Investment Management LLC increased its position in shares of Kodiak Gas Services by 1.3% in the third quarter. Voya Investment Management LLC now owns 22,267 shares of the company’s stock worth $1,179,000 after acquiring an additional 289 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of Kodiak Gas Services by 2.3% in the third quarter. Public Sector Pension Investment Board now owns 586,940 shares of the company’s stock worth $30,509,000 after acquiring an additional 12,993 shares in the last quarter. Finally, Cibc World Market Inc. acquired a new stake in shares of Kodiak Gas Services during the third quarter valued at approximately $530,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Latest Kodiak Gas Services News

These are some of the KGS news items that stood out recently:

• Neutral Sentiment: Citigroup lowered its price target to $75 from $82 but maintained a Buy rating, leaving a substantially higher target than the cited $44.36 share price. The cut tempers the positive rating. Citigroup ratings
• Negative Sentiment: COO William Lenamon sold 1,000 shares for about $44,200, reducing his direct ownership by 1.19%. The small transaction may weigh modestly on sentiment. SEC filing
• Negative Sentiment: A recent article raised the question of whether KGS is overvalued, which could add to valuation concerns despite its reference to raised guidance. Valuation analysis

About Kodiak Gas Services

Kodiak Gas Services provides contract natural gas compression services to energy companies in the United States. Its equipment helps move natural gas from production sites through gathering and processing systems and into pipelines. The company supplies, installs, operates and maintains compression equipment, including large-horsepower compressor units. Its services support natural gas production and transportation across major U.S. oil and gas regions. Based in The Woodlands, Texas, Kodiak became a publicly traded company in 2023.