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

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $30.33.

A number of analysts have issued reports on the company. Royal Bank of Canada raised their target price on Kodiak Gas Services from $28.00 to $30.00 and gave the stock an “outperform” rating in a research report on Monday, May 20th. Barclays began coverage on Kodiak Gas Services in a research report on Wednesday, July 17th. They issued an “equal weight” rating and a $29.00 target price for the company. Truist Financial lifted their price target on Kodiak Gas Services from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, Raymond James lifted their price target on Kodiak Gas Services from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th.

Institutional Investors Weigh In On Kodiak Gas Services

Large investors have recently added to or reduced their stakes in the business. Security National Bank bought a new stake in Kodiak Gas Services during the second quarter valued at $39,000. PNC Financial Services Group Inc. bought a new stake in Kodiak Gas Services during the fourth quarter valued at $46,000. nVerses Capital LLC boosted its stake in Kodiak Gas Services by 90.9% during the second quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $57,000 after buying an additional 1,000 shares during the period. Parallel Advisors LLC bought a new stake in Kodiak Gas Services during the fourth quarter worth about $60,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Kodiak Gas Services during the fourth quarter worth about $127,000. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $29.01 on Friday. The company has a current ratio of 1.11, a quick ratio of 0.76 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 32.97 and a beta of 0.92. The stock has a 50 day moving average of $27.15 and a 200 day moving average of $26.49. Kodiak Gas Services has a 12 month low of $16.72 and a 12 month high of $29.75.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Wednesday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. Kodiak Gas Services had a return on equity of 7.33% and a net margin of 7.15%. The business had revenue of $215.50 million during the quarter, compared to the consensus estimate of $220.55 million. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Kodiak Gas Services will post 1.81 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, August 12th will be paid a dividend of $0.41 per share. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, August 12th. This represents a $1.64 annualized dividend and a yield of 5.65%. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 186.36%.

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.