Kodiak Gas Services, Inc. (NYSE:KGS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Kodiak Gas Services, Inc. (NYSE:KGS) has received an average recommendation of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $69.8571.

A number of equities analysts have recently weighed in on the stock. Stifel Nicolaus set a $84.00 price objective on shares of Kodiak Gas Services in a research report on Tuesday, May 12th. Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Mizuho upped their price target on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Citigroup upped their price target on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Barclays upped their price target on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th.

Insider Buying and Selling

In other news, insider Pedro R. Buhigas sold 13,942 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $55.73, for a total value of $776,987.66. Following the completion of the sale, the insider owned 42,723 shares of the company’s stock, valued at $2,380,952.79. This represents a 24.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Cory Anne Roclawski sold 10,852 shares of the stock in a transaction on Monday, March 16th. The stock was sold at an average price of $54.41, for a total transaction of $590,457.32. Following the completion of the sale, the executive vice president directly owned 31,405 shares of the company’s stock, valued at $1,708,746.05. The trade was a 25.68% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have acquired 11,433 shares of company stock valued at $624,360 and have sold 58,673 shares valued at $3,269,110. 0.64% of the stock is currently owned by insiders.

Institutional Trading of Kodiak Gas Services

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Kodiak Gas Services by 33.8% during the 4th quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock valued at $230,771,000 after buying an additional 1,559,172 shares during the period. Invesco Ltd. boosted its holdings in shares of Kodiak Gas Services by 29.5% in the third quarter. Invesco Ltd. now owns 6,305,789 shares of the company’s stock worth $233,125,000 after buying an additional 1,436,443 shares during the period. CIBC Private Wealth Group LLC boosted its holdings in shares of Kodiak Gas Services by 3,046.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,471,663 shares of the company’s stock worth $55,040,000 after buying an additional 1,424,888 shares during the period. Zimmer Partners LP boosted its holdings in shares of Kodiak Gas Services by 45.7% in the fourth quarter. Zimmer Partners LP now owns 4,271,553 shares of the company’s stock worth $159,756,000 after buying an additional 1,339,849 shares during the period. Finally, Eagle Global Advisors LLC acquired a new position in shares of Kodiak Gas Services in the fourth quarter worth about $39,741,000. 24.95% of the stock is owned by institutional investors and hedge funds.

Kodiak Gas Services Stock Performance

NYSE:KGS opened at $75.70 on Thursday. The firm has a 50 day simple moving average of $62.57 and a 200-day simple moving average of $48.08. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.28 and a quick ratio of 0.99. The firm has a market cap of $6.72 billion, a PE ratio of 102.30 and a beta of 1.01. Kodiak Gas Services has a 1-year low of $30.06 and a 1-year high of $76.68.

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

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be given a $0.49 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.96 annualized dividend and a dividend yield of 2.6%. 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.