Kodiak Gas Services (NYSE:KGS) Coverage Initiated by Analysts at Bank of America

Bank of America started coverage on shares of Kodiak Gas Services (NYSE:KGS) in a report released on Wednesday, MarketBeat Ratings reports. The brokerage issued a buy rating and a $30.00 price objective on the stock.

Other research analysts have also recently issued research reports about the stock. Barclays began coverage on shares of Kodiak Gas Services in a report on Wednesday, July 17th. They issued an equal weight rating and a $29.00 target price for the company. Stifel Nicolaus increased their target price on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the stock a buy rating in a report on Wednesday, August 14th. Royal Bank of Canada increased their target price on shares of Kodiak Gas Services from $30.00 to $31.00 and gave the stock an outperform rating in a report on Wednesday, August 21st. Finally, Truist Financial increased their target price on shares of Kodiak Gas Services from $32.00 to $35.00 and gave the stock a buy rating in a report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kodiak Gas Services has an average rating of Moderate Buy and an average price target of $31.38.

Kodiak Gas Services Trading Up 2.7 %

KGS opened at $28.67 on Wednesday. Kodiak Gas Services has a twelve month low of $16.72 and a twelve month high of $29.75. The company has a 50-day simple moving average of $27.29 and a 200 day simple moving average of $27.08. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 32.58 and a beta of 0.90.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.29). Kodiak Gas Services had a return on equity of 7.20% and a net margin of 5.23%. The firm had revenue of $309.65 million for the quarter, compared to the consensus estimate of $313.88 million. Analysts predict that Kodiak Gas Services will post 1.15 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 5.72%. The ex-dividend date was Monday, August 12th. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.38. Kodiak Gas Services’s dividend payout ratio (DPR) is 186.36%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Security National Bank bought a new position in Kodiak Gas Services in the 2nd quarter valued at approximately $39,000. HWG Holdings LP acquired a new stake in Kodiak Gas Services during the 2nd quarter valued at approximately $40,000. nVerses Capital LLC increased its position in Kodiak Gas Services by 90.9% during the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $57,000 after purchasing an additional 1,000 shares during the period. PNC Financial Services Group Inc. acquired a new stake in Kodiak Gas Services during the 4th quarter valued at approximately $46,000. Finally, Parallel Advisors LLC acquired a new stake in Kodiak Gas Services during the 4th quarter valued at approximately $60,000. Institutional investors own 24.95% of the company’s stock.

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.