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

Kodiak Gas Services, Inc. (NYSE:KGS) has been given a consensus rating of “Moderate Buy” by the eleven analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $34.18.

Several analysts have recently commented on the company. Stifel Nicolaus raised their target price on Kodiak Gas Services from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Bank of America began coverage on Kodiak Gas Services in a research report on Wednesday, September 18th. They set a “buy” rating and a $30.00 price objective for the company. Mizuho started coverage on Kodiak Gas Services in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 target price on the stock. Citigroup began coverage on shares of Kodiak Gas Services in a report on Friday, September 27th. They set a “buy” rating and a $35.00 price target for the company. Finally, Barclays boosted their price objective on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th.

Kodiak Gas Services Price Performance

NYSE KGS opened at $34.83 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.70. Kodiak Gas Services has a 1 year low of $16.86 and a 1 year high of $35.56. The company has a market cap of $2.94 billion, a PE ratio of 120.11 and a beta of 0.79. The stock’s 50-day moving average price is $30.02 and its two-hundred day moving average price is $28.20.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Monday, August 12th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The firm had revenue of $309.65 million for the quarter, compared to analyst estimates of $313.88 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 8.14%. On average, analysts predict that Kodiak Gas Services will post 1.15 EPS for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.64 annualized dividend and a dividend yield of 4.71%. Kodiak Gas Services’s dividend payout ratio (DPR) is 565.54%.

Institutional Investors Weigh In On Kodiak Gas Services

Several institutional investors and hedge funds have recently modified their holdings of KGS. Blackstone Inc. boosted its position in Kodiak Gas Services by 1,358.3% during the first quarter. Blackstone Inc. now owns 644,231 shares of the company’s stock worth $17,613,000 after purchasing an additional 600,055 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Kodiak Gas Services in the first quarter worth $11,544,000. HITE Hedge Asset Management LLC boosted its holdings in shares of Kodiak Gas Services by 74.8% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 780,600 shares of the company’s stock worth $21,279,000 after buying an additional 334,086 shares during the period. American Century Companies Inc. boosted its holdings in shares of Kodiak Gas Services by 63.2% during the 2nd quarter. American Century Companies Inc. now owns 575,371 shares of the company’s stock worth $15,685,000 after buying an additional 222,830 shares during the period. Finally, Pier Capital LLC acquired a new position in Kodiak Gas Services in the 2nd quarter valued at $4,558,000. 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.