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

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have received an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $42.18.

Several brokerages have weighed in on KGS. Citigroup increased their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Mizuho increased their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Barclays lifted their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. lifted their target price on Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, November 29th. Finally, The Goldman Sachs Group increased their price target on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th.

Kodiak Gas Services Price Performance

Shares of NYSE KGS opened at $38.74 on Friday. The stock has a fifty day simple moving average of $43.46 and a two-hundred day simple moving average of $37.78. Kodiak Gas Services has a 1-year low of $24.84 and a 1-year high of $50.43. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 133.59 and a beta of 1.30. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.15). Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The firm had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. Analysts anticipate that Kodiak Gas Services will post 1.12 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.64 dividend on an annualized basis and a yield of 4.23%. Kodiak Gas Services’s dividend payout ratio is currently 277.97%.

Insiders Place Their Bets

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the transaction, the insider now directly owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Kodiak Gas Services

Institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. bought a new position in shares of Kodiak Gas Services during the 3rd quarter valued at about $2,974,000. Principal Financial Group Inc. bought a new position in shares of Kodiak Gas Services during the 3rd quarter valued at about $610,000. Chesapeake Capital Corp IL bought a new position in shares of Kodiak Gas Services during the 3rd quarter valued at about $603,000. Tidal Investments LLC bought a new position in shares of Kodiak Gas Services during the 3rd quarter valued at about $598,000. Finally, Barclays PLC increased its position in shares of Kodiak Gas Services by 209.3% during the 3rd quarter. Barclays PLC now owns 42,350 shares of the company’s stock valued at $1,228,000 after purchasing an additional 28,658 shares during the last quarter. 24.95% of the stock is currently owned by institutional investors.

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.