Brokerages Set Kodiak Gas Services, Inc. (NYSE:KGS) PT at $78.89

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have received an average recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $78.8889.

Several research firms have recently weighed in on KGS. Stifel Nicolaus lifted their price objective on Kodiak Gas Services from $90.00 to $92.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. Citigroup increased their target price on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Barclays dropped their target price on shares of Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Piper Sandler began coverage on shares of Kodiak Gas Services in a research note on Tuesday, July 28th. They issued an “overweight” rating and a $78.00 price target on the stock. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Friday, May 29th.

Kodiak Gas Services Price Performance

KGS opened at $60.45 on Friday. The stock has a market cap of $6.11 billion, a P/E ratio of 71.97, a P/E/G ratio of 0.85 and a beta of 0.97. Kodiak Gas Services has a 12 month low of $32.55 and a 12 month high of $77.68. The company has a quick ratio of 1.15, a current ratio of 1.45 and a debt-to-equity ratio of 1.28. The company has a fifty day simple moving average of $64.69 and a 200 day simple moving average of $62.92.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.12). Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%.The business had revenue of $391.12 million for the quarter, compared to the consensus estimate of $386.30 million. During the same quarter in the prior year, the firm posted $0.43 earnings per share. The business’s revenue was up 21.2% on a year-over-year basis. On average, research analysts expect that Kodiak Gas Services will post 2.46 EPS for the current year.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Monday, August 17th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, August 17th. Kodiak Gas Services’s payout ratio is currently 233.33%.

Insider Transactions at Kodiak Gas Services

In other news, insider Pedro R. Buhigas sold 4,625 shares of the business’s stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $67.78, for a total value of $313,482.50. Following the sale, the insider directly owned 38,454 shares in the company, valued at $2,606,412.12. The trade was a 10.74% 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, COO William Chad Lenamon sold 1,000 shares of the company’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $67.79, for a total value of $67,790.00. Following the transaction, the chief operating officer directly owned 87,294 shares of the company’s stock, valued at $5,917,660.26. This represents a 1.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 19,531 shares of company stock worth $1,296,158. Company insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Kodiak Gas Services

Several institutional investors have recently bought and sold shares of the company. Amundi boosted its position in Kodiak Gas Services by 62.7% during the 2nd quarter. Amundi now owns 15,854 shares of the company’s stock worth $1,191,000 after acquiring an additional 6,109 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Kodiak Gas Services in the second quarter valued at approximately $4,019,000. California State Teachers Retirement System lifted its position in shares of Kodiak Gas Services by 8,307.7% in the second quarter. California State Teachers Retirement System now owns 8,441,006 shares of the company’s stock worth $634,173,000 after purchasing an additional 8,340,610 shares in the last quarter. Greenland Capital Management LP bought a new stake in shares of Kodiak Gas Services in the second quarter worth $751,000. Finally, Compass Financial Management LLC acquired a new position in Kodiak Gas Services during the second quarter worth $260,000. Institutional investors own 24.95% of the company’s stock.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.