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

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $44.8333.

Several analysts recently issued reports on the stock. William Blair started coverage on shares of Kodiak Gas Services in a research note on Tuesday, November 18th. They set an “outperform” rating for the company. Barclays upgraded Kodiak Gas Services from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $35.00 to $42.00 in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Zacks Research lowered Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Stifel Nicolaus set a $48.00 target price on Kodiak Gas Services in a report on Thursday, November 6th.

Hedge Funds Weigh In On Kodiak Gas Services

Several institutional investors and hedge funds have recently bought and sold shares of KGS. Allworth Financial LP grew its stake in shares of Kodiak Gas Services by 1,850.0% in the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after buying an additional 703 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Kodiak Gas Services by 52.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after acquiring an additional 364 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Kodiak Gas Services by 1,501.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after acquiring an additional 1,156 shares during the last quarter. GAMMA Investing LLC grew its position in Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after acquiring an additional 556 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in Kodiak Gas Services by 80.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock worth $54,000 after acquiring an additional 646 shares during the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Kodiak Gas Services Trading Down 1.2%

Shares of KGS stock opened at $41.52 on Tuesday. Kodiak Gas Services has a fifty-two week low of $29.25 and a fifty-two week high of $48.47. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.69 and a current ratio of 0.98. The stock’s fifty day moving average is $37.24 and its two-hundred day moving average is $35.35. The firm has a market capitalization of $3.60 billion, a P/E ratio of 51.89 and a beta of 1.31.

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). The business had revenue of $322.74 million during the quarter, compared to analyst estimates of $328.23 million. Kodiak Gas Services had a net margin of 5.84% and a return on equity of 10.37%. Kodiak Gas Services’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter last year, the company earned ($0.07) earnings per share. Research analysts expect that Kodiak Gas Services will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, February 13th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.7%. Kodiak Gas Services’s dividend payout ratio is currently 245.00%.

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.