Kodiak Gas Services, Inc. (NYSE:KGS) Receives $75.22 Average Price Target from Brokerages

Kodiak Gas Services, Inc. (NYSE:KGS) has earned an average rating of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $75.2222.

A number of analysts recently weighed in on KGS shares. Barclays upped their price objective on shares of Kodiak Gas Services from $60.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. The Goldman Sachs Group upped their price objective on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Zacks Research raised shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Stifel Nicolaus set a $84.00 price target on shares of Kodiak Gas Services in a research report on Tuesday, May 12th. Finally, Jefferies Financial Group initiated coverage on shares of Kodiak Gas Services in a research report on Thursday, June 4th. They set a “buy” rating and a $79.00 price target for the company.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, CAO Ewan William Hamilton sold 5,797 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total transaction of $325,675.46. Following the completion of the sale, the chief accounting officer directly owned 34,346 shares of the company’s stock, valued at approximately $1,929,558.28. This represents a 14.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO William Chad Lenamon sold 1,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $67.79, for a total transaction of $67,790.00. Following the sale, the chief operating officer directly owned 90,918 shares of the company’s stock, valued at approximately $6,163,331.22. The trade was a 1.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 20,739 shares of company stock valued at $1,170,453. 0.64% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kodiak Gas Services

Several hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp increased its holdings in shares of Kodiak Gas Services by 0.9% during the fourth quarter. Van ECK Associates Corp now owns 23,640 shares of the company’s stock valued at $884,000 after acquiring an additional 209 shares in the last quarter. United Advisor Group LLC boosted its position in Kodiak Gas Services by 2.0% in the 4th quarter. United Advisor Group LLC now owns 15,817 shares of the company’s stock worth $592,000 after purchasing an additional 304 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Kodiak Gas Services by 29.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,545 shares of the company’s stock worth $90,000 after purchasing an additional 352 shares in the last quarter. Comerica Bank boosted its position in Kodiak Gas Services by 1.8% in the 4th quarter. Comerica Bank now owns 20,499 shares of the company’s stock worth $767,000 after purchasing an additional 357 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Kodiak Gas Services by 52.1% in 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. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Stock Down 0.2%

Shares of KGS opened at $68.95 on Monday. The firm has a market capitalization of $6.12 billion, a P/E ratio of 93.18, a P/E/G ratio of 0.97 and a beta of 0.94. Kodiak Gas Services has a 12-month low of $30.06 and a 12-month high of $77.68. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38. The firm has a fifty day moving average price of $67.34 and a 200-day moving average price of $52.75.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The firm had revenue of $345.76 million during the quarter, compared to analyst estimates of $340.23 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. Equities research analysts expect that Kodiak Gas Services will post 2.35 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend 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.