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 an average rating of “Moderate Buy” by the eleven brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $79.50.

Several equities analysts recently weighed in on the company. Barclays cut their price target on Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Zacks Research raised Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Royal Bank Of Canada boosted their price objective on Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, May 18th. The Goldman Sachs Group boosted their price objective on Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Citigroup upped their target price on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th.

Kodiak Gas Services Stock Down 2.4%

KGS opened at $57.69 on Tuesday. The company has a fifty day moving average of $68.69 and a two-hundred day moving average of $59.71. The stock has a market capitalization of $5.12 billion, a price-to-earnings ratio of 77.96, a PEG ratio of 0.93 and a beta of 0.89. Kodiak Gas Services has a fifty-two week low of $30.06 and a fifty-two week high of $77.68. 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 (NYSE:KGS) last posted its earnings results on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $340.23 million. During the same period in the prior year, the company posted $0.33 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. On average, research analysts expect that Kodiak Gas Services will post 2.27 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.4%. Kodiak Gas Services’s payout ratio is currently 264.86%.

Insider Activity at Kodiak Gas Services

In related news, insider Pedro R. Buhigas sold 4,625 shares of Kodiak Gas Services stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $67.78, for a total value of $313,482.50. Following the sale, the insider directly owned 38,454 shares in the company, valued at approximately $2,606,412.12. The trade was a 10.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO William Chad Lenamon sold 1,000 shares of Kodiak Gas Services stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $67.79, for a total value of $67,790.00. Following the completion of the sale, the chief operating officer owned 87,294 shares in the company, valued at approximately $5,917,660.26. The trade was a 1.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,523 shares of company stock worth $921,319 in the last quarter. Company insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Kodiak Gas Services

A number of hedge funds have recently made changes to their positions in KGS. Nisa Investment Advisors LLC lifted its position in shares of 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 in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of 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 worth $42,000 after acquiring an additional 1,156 shares during the last quarter. State of Wyoming increased its position in shares of Kodiak Gas Services by 201.7% during the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after purchasing an additional 815 shares in the last quarter. GAMMA Investing LLC increased its position in shares of 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 in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Kodiak Gas Services by 80.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after purchasing an additional 646 shares during the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.