SG Americas Securities LLC Buys New Position in Kodiak Gas Services, Inc. (NYSE:KGS)

SG Americas Securities LLC bought a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,317 shares of the company’s stock, valued at approximately $125,000.

Other hedge funds also recently modified their holdings of the company. Security National Bank purchased a new position in Kodiak Gas Services in the second quarter worth $39,000. HWG Holdings LP purchased a new position in Kodiak Gas Services in the second quarter worth $40,000. PNC Financial Services Group Inc. purchased a new position in Kodiak Gas Services in the fourth quarter worth $46,000. nVerses Capital LLC boosted its position in Kodiak Gas Services by 90.9% in the second quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Kodiak Gas Services by 115.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company’s stock worth $155,000 after purchasing an additional 3,045 shares during the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on KGS shares. Truist Financial boosted their price objective on Kodiak Gas Services from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Stifel Nicolaus upped their price target on Kodiak Gas Services from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Royal Bank of Canada upped their price target on Kodiak Gas Services from $31.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Redburn Atlantic initiated coverage on Kodiak Gas Services in a research report on Thursday, September 19th. They set a “buy” rating and a $35.00 price target on the stock. Finally, Barclays upped their price target on 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. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $33.09.

Kodiak Gas Services Stock Performance

NYSE:KGS opened at $31.36 on Friday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.70 and a current ratio of 1.05. Kodiak Gas Services, Inc. has a 52-week low of $16.72 and a 52-week high of $32.77. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 49.00 and a beta of 0.89. The business’s fifty day moving average is $28.88 and its 200 day moving average is $27.81.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data 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). Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. The company had revenue of $309.65 million for the quarter, compared to the consensus estimate of $313.88 million. Research analysts predict that Kodiak Gas Services, Inc. will post 1.15 EPS for the current year.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Investors of record on Friday, November 1st will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.23%. Kodiak Gas Services’s payout ratio is 256.25%.

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.