Kodiak Gas Services, Inc. (KGS) – What Are Researchers Saying About This Stock?

Kodiak Gas Services, Inc. (NYSE:KGS) has received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $80.30.

A number of research analysts have commented on the stock. Mizuho set a $72.00 price objective on shares of Kodiak Gas Services in a research note on Monday. Citigroup decreased 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 report on Friday, October 9th. Royal Bank Of Canada boosted their target price on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Piper Sandler started coverage on shares of Kodiak Gas Services in a research note on Tuesday, July 28th. They issued an “overweight” rating and a $78.00 target price on the stock. Finally, Stifel Nicolaus upped their target price on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th.

Kodiak Gas Services Stock Performance

Kodiak Gas Services stock opened at $47.73 on Friday. Kodiak Gas Services has a 52 week low of $32.55 and a 52 week high of $77.68. The company has a current ratio of 1.45, a quick ratio of 1.15 and a debt-to-equity ratio of 1.28. The stock has a market cap of $4.84 billion, a P/E ratio of 56.83 and a beta of 1.01. The stock has a 50 day moving average of $57.99 and a 200-day moving average of $63.50.

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

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 17th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, August 17th. Kodiak Gas Services’s dividend payout ratio (DPR) is 233.33%.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, COO William Lenamon sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $53.25, for a total transaction of $53,250.00. Following the sale, the chief operating officer owned 84,294 shares in the company, valued at $4,488,655.50. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert McKee sold 2,666 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $53.95, for a total value of $143,830.70. Following the transaction, the chief executive officer directly owned 289,924 shares in the company, valued at approximately $15,641,399.80. This represents a 0.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 20,336 shares of company stock valued at $1,203,897 over the last three months. 0.64% of the stock is owned by insiders.

Institutional Investors Weigh In On Kodiak Gas Services

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Kodiak Gas Services during the 2nd quarter valued at approximately $1,142,139,000. Wellington Management Group LLP boosted its holdings in Kodiak Gas Services by 85.0% in the second quarter. Wellington Management Group LLP now owns 2,432,174 shares of the company’s stock worth $182,729,000 after purchasing an additional 1,117,743 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Kodiak Gas Services by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock worth $181,108,000 after purchasing an additional 135,998 shares during the period. Bank of America Corp DE bought a new stake in Kodiak Gas Services during the second quarter valued at $109,850,000. Finally, Kayne Anderson Capital Advisors LP bought a new stake in Kodiak Gas Services during the second quarter valued at $84,821,000. 24.95% of the stock is currently owned by institutional investors.

Kodiak Gas Services Company Profile

Kodiak Gas Services, Inc (NYSE:KGS) provides contract natural gas compression services in the United States. The company helps oil and gas producers and midstream operators move natural gas through gathering systems, processing facilities, pipelines and other infrastructure by supplying and operating compression equipment.

Its services include the design, installation, commissioning, operation, maintenance and relocation of natural gas compression systems. Kodiak owns and manages a fleet of compressors that can be deployed for a range of applications, including gathering, processing, storage and transmission.