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

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have been given a consensus recommendation of “Moderate Buy” by the twelve ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $79.3333.

A number of research analysts have commented on KGS shares. Stifel Nicolaus upped their price objective on Kodiak Gas Services from $84.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. The Goldman Sachs Group lifted their target price on Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Piper Sandler began coverage on shares of Kodiak Gas Services in a research report on Tuesday. They issued an “overweight” rating and a $78.00 target price for the company. Royal Bank Of Canada upped their price target on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a research note on Monday, May 18th. Finally, Wells Fargo & Company began coverage on shares of Kodiak Gas Services in a research report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price target on the stock.

Insider Buying and Selling at Kodiak Gas Services

In related news, insider Pedro R. Buhigas sold 4,625 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $67.78, for a total value of $313,482.50. Following the completion of the sale, the insider directly owned 38,454 shares in the company, valued at approximately $2,606,412.12. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Ewan William Hamilton sold 2,729 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $68.62, for a total value of $187,263.98. Following the sale, the chief accounting officer directly owned 31,617 shares in the company, valued at $2,169,558.54. This represents a 7.95% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 13,523 shares of company stock worth $921,319. 0.64% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kodiak Gas Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its holdings in shares of Kodiak Gas Services by 52.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after purchasing an additional 364 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Kodiak Gas Services by 1,501.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after purchasing an additional 1,156 shares in the last quarter. State of Wyoming raised its stake in Kodiak Gas Services by 201.7% in the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after purchasing an additional 815 shares in the last quarter. GAMMA Investing LLC lifted its position in Kodiak Gas Services by 80.3% during the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after purchasing an additional 556 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in Kodiak Gas Services by 80.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock worth $54,000 after purchasing an additional 646 shares during the period. 24.95% of the stock is owned by institutional investors and hedge funds.

Kodiak Gas Services Trading Up 0.8%

Shares of NYSE:KGS opened at $58.70 on Tuesday. Kodiak Gas Services has a 12-month low of $30.06 and a 12-month high of $77.68. The business has a 50 day moving average of $67.35 and a 200-day moving average of $60.13. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38. The stock has a market cap of $5.21 billion, a PE ratio of 79.33, a P/E/G ratio of 0.87 and a beta of 0.89.

Kodiak Gas Services (NYSE:KGS) last announced its 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. The company had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share. As a group, equities research analysts forecast that Kodiak Gas Services will post 2.41 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio is presently 264.86%.

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.