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

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $75.2222.

Several research firms have issued reports on KGS. Zacks Research raised Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Barclays raised their target price on Kodiak Gas Services from $60.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. Royal Bank Of Canada raised their target price on Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, May 18th. Finally, Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st.

Insider Buying and Selling at Kodiak Gas Services

In related news, CAO Ewan William Hamilton sold 5,797 shares of Kodiak Gas Services stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $56.18, for a total value of $325,675.46. Following the completion of the transaction, the chief accounting officer directly owned 34,346 shares in the company, valued at approximately $1,929,558.28. This trade represents a 14.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Cory Anne Roclawski sold 21,161 shares of Kodiak Gas Services stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $56.52, for a total value of $1,196,019.72. Following the completion of the transaction, the executive vice president owned 42,257 shares of the company’s stock, valued at approximately $2,388,365.64. This trade represents a 33.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 58,673 shares of company stock valued at $3,269,110. Corporate insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Kodiak Gas Services

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

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock opened at $65.06 on Monday. The business has a 50 day simple moving average of $66.41 and a two-hundred day simple moving average of $51.56. Kodiak Gas Services has a 12 month low of $30.06 and a 12 month high of $77.68. The stock has a market capitalization of $5.78 billion, a P/E ratio of 87.91, a PEG ratio of 0.91 and a beta of 0.94. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.28 and a quick ratio of 0.99.

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

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 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.