Chesapeake Capital Corp IL Makes New $672,000 Investment in Kodiak Gas Services, Inc. $KGS

Chesapeake Capital Corp IL purchased a new position in Kodiak Gas Services, Inc. (NYSE:KGS) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 18,188 shares of the company’s stock, valued at approximately $672,000.

Other large investors also recently modified their holdings of the company. Allworth Financial LP increased its stake in Kodiak Gas Services by 1,850.0% during the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after buying an additional 703 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Kodiak Gas Services by 1,501.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after acquiring an additional 1,156 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Kodiak Gas Services by 80.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock worth $54,000 after acquiring an additional 646 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Kodiak Gas Services by 652.4% in the third quarter. Jones Financial Companies Lllp now owns 1,595 shares of the company’s stock valued at $60,000 after acquiring an additional 1,383 shares in the last quarter. Finally, Amplify Investments LLC boosted its holdings in shares of Kodiak Gas Services by 35.7% in the third quarter. Amplify Investments LLC now owns 2,660 shares of the company’s stock valued at $98,000 after acquiring an additional 700 shares in the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on KGS shares. Mizuho raised their price objective on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada upped their target price on Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Barclays boosted their price objective on Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Finally, Citigroup upped their price objective on Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $51.86.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $54.27 on Friday. The firm’s 50 day moving average is $46.43 and its 200-day moving average is $39.15. The stock has a market capitalization of $4.66 billion, a P/E ratio of 62.38 and a beta of 1.11. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57. Kodiak Gas Services, Inc. has a 12-month low of $29.25 and a 12-month high of $58.50.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The business had revenue of $332.87 million during the quarter, compared to the consensus estimate of $330.95 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. Equities research analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.6%. Kodiak Gas Services’s dividend payout ratio is currently 225.29%.

Kodiak Gas Services 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.