Kodiak Gas Services (NYSE:KGS) Price Target Raised to $63.00

Kodiak Gas Services (NYSE:KGS) had its target price hoisted by Citigroup from $53.00 to $63.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Barclays raised their price target on Kodiak Gas Services from $42.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, February 6th. Royal Bank Of Canada raised their target price on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Stifel Nicolaus set a $48.00 price target on shares of Kodiak Gas Services in a report on Thursday, November 6th. Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Mizuho upped their target price on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.88.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $58.18 on Monday. Kodiak Gas Services has a 52 week low of $29.25 and a 52 week high of $58.40. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of 66.87 and a beta of 1.11. The company has a 50-day simple moving average of $43.84 and a 200 day simple moving average of $38.20. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.57 and a current ratio of 0.84.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The firm had revenue of $332.87 million during the quarter, compared to analyst estimates of $330.95 million. During the same period in the prior year, the company earned $0.21 earnings per share. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. On average, sell-side analysts predict that Kodiak Gas Services will post 1.12 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, February 13th. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 225.29%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in Kodiak Gas Services by 1,850.0% in the second 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 raised its position in shares of Kodiak Gas Services by 52.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after acquiring an additional 364 shares in the last quarter. State of Wyoming lifted its stake in shares of Kodiak Gas Services by 201.7% in the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after purchasing an additional 815 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Kodiak Gas Services by 1,501.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after purchasing an additional 1,156 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Kodiak Gas Services by 80.3% during the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after purchasing an additional 556 shares during the period. Institutional investors own 24.95% of the company’s stock.

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.