Kodiak Gas Services, Inc. (NYSE:KGS) Given Average Recommendation of “Moderate Buy” by Analysts

Kodiak Gas Services, Inc. (NYSE:KGS) has received a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $44.2857.

Several research analysts recently issued reports on the company. William Blair initiated coverage on Kodiak Gas Services in a research note on Tuesday, November 18th. They issued an “outperform” rating on the stock. Zacks Research cut Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Royal Bank Of Canada raised their price target on Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Wall Street Zen downgraded Kodiak Gas Services from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Stifel Nicolaus set a $48.00 price objective on shares of Kodiak Gas Services in a research note on Thursday, November 6th.

Kodiak Gas Services Trading Down 1.9%

Shares of KGS opened at $37.22 on Monday. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 46.52 and a beta of 1.33. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.98 and a quick ratio of 0.69. Kodiak Gas Services has a 1-year low of $29.25 and a 1-year high of $50.43. The company has a 50-day moving average of $35.05 and a 200 day moving average of $34.42.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.14). Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.The company had revenue of $322.74 million during the quarter, compared to the consensus estimate of $328.23 million. During the same quarter in the prior year, the company earned ($0.07) earnings per share. Kodiak Gas Services’s revenue was down .6% on a year-over-year basis. On average, research analysts expect that Kodiak Gas Services will post 1.12 EPS for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 3rd were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, November 3rd. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.45. Kodiak Gas Services’s dividend payout ratio is currently 245.00%.

Hedge Funds Weigh In On Kodiak Gas Services

Several institutional investors have recently bought and sold shares of the business. Allworth Financial LP raised its stake in Kodiak Gas Services by 1,850.0% in the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after buying an additional 703 shares in the last quarter. Quarry LP purchased a new position in shares of Kodiak Gas Services in the 1st quarter valued at $30,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Kodiak Gas Services in the 1st quarter valued at $37,000. EverSource Wealth Advisors LLC raised its position 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 in the last quarter. Finally, Salem Investment Counselors Inc. bought a new position in shares of Kodiak Gas Services in the 2nd quarter worth $51,000. 24.95% of the stock is owned by hedge funds and other institutional investors.

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.