Kodiak Gas Services, Inc. (NYSE:KGS) Receives Consensus Rating of “Moderate Buy” from Analysts

Kodiak Gas Services, Inc. (NYSE:KGS) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $79.25.

KGS has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Friday, May 29th. Jefferies Financial Group began coverage on Kodiak Gas Services in a report on Thursday, June 4th. They issued a “buy” rating and a $79.00 target price on the stock. Zacks Research upgraded Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Stifel Nicolaus set a $84.00 price target on Kodiak Gas Services in a report on Tuesday, May 12th. Finally, Barclays raised their price target on Kodiak Gas Services from $60.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, May 21st.

Insider Activity

In related news, CAO Ewan William Hamilton sold 2,729 shares of the company’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $68.62, for a total transaction of $187,263.98. Following the transaction, the chief accounting officer owned 31,617 shares in the company, valued at $2,169,558.54. This represents a 7.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Pedro R. Buhigas sold 4,625 shares of the stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $67.78, for a total transaction of $313,482.50. Following the sale, the insider directly owned 38,454 shares in the company, valued at approximately $2,606,412.12. This represents a 10.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 8,354 shares of company stock worth $568,536. 0.64% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kodiak Gas Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. raised its stake in shares of Kodiak Gas Services by 20.4% in the fourth quarter. Invesco Ltd. now owns 7,593,274 shares of the company’s stock worth $283,988,000 after acquiring an additional 1,287,485 shares during the last quarter. Vanguard Group Inc. grew its stake 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 valued at $230,771,000 after purchasing an additional 1,559,172 shares during the last quarter. Zimmer Partners LP grew its stake 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 valued at $159,756,000 after purchasing an additional 1,339,849 shares during the last quarter. State Street Corp increased its holdings in shares of Kodiak Gas Services by 31.8% in the fourth quarter. State Street Corp now owns 3,340,008 shares of the company’s stock valued at $124,916,000 after purchasing an additional 806,191 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Kodiak Gas Services by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock valued at $181,108,000 after purchasing an additional 135,998 shares in the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Stock Down 6.1%

KGS opened at $67.96 on Friday. The firm’s 50-day simple moving average is $70.15 and its 200-day simple moving average is $56.20. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.99 and a current ratio of 1.28. Kodiak Gas Services has a twelve month low of $30.06 and a twelve month high of $77.68. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 91.84, a PEG ratio of 1.01 and a beta of 0.89.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The business had revenue of $345.76 million during the quarter, compared to analysts’ expectations of $340.23 million. During the same quarter last year, the company posted $0.33 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities research analysts anticipate that Kodiak Gas Services will post 2.36 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, May 18th. 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.