Kodiak Gas Services, Inc. (KGS) - What Are Investment Firms Saying About This Stock?

Key Points

• Analysts remain broadly positive: Kodiak Gas Services has a “Moderate Buy” consensus from 13 analysts, with 11 buy ratings and an average 12-month price target of $77.50 versus a recent price of $53.55.
• Quarterly results were mixed: The company’s $0.55 earnings per share missed estimates of $0.67, while revenue of $391.12 million exceeded forecasts and increased 21.2% year over year.
• Income and ownership developments: Kodiak declared a quarterly dividend of $0.49 per share, representing a 3.7% yield, while insiders sold shares during the quarter and institutional investors owned approximately 24.95% of the stock.

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) has earned an average rating of "Moderate Buy" from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $77.50.

Several research analysts have recently weighed in on the company. Piper Sandler began coverage on Kodiak Gas Services in a report on Tuesday, July 28th. They set an "overweight" rating and a $78.00 target price on the stock. Barclays cut their price target on Kodiak Gas Services from $72.00 to $67.00 and set an "overweight" rating for the company in a report on Monday, October 5th. Stifel Nicolaus boosted their price objective on Kodiak Gas Services from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Tuesday, August 11th. Jefferies Financial Group lowered their price objective on Kodiak Gas Services from $69.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Royal Bank Of Canada upped their target price on Kodiak Gas Services from $84.00 to $88.00 and gave the company an "outperform" rating in a report on Thursday, August 13th.

Kodiak Gas Services Stock Performance

NYSE:KGS opened at $53.55 on Friday. The company's 50-day moving average price is $58.60 and its 200-day moving average price is $63.70. The company has a current ratio of 1.45, a quick ratio of 1.15 and a debt-to-equity ratio of 1.28. The company has a market cap of $5.43 billion, a P/E ratio of 63.75 and a beta of 1.01. Kodiak Gas Services has a twelve month low of $32.55 and a twelve month high of $77.68.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.12). The business had revenue of $391.12 million for the quarter, compared to analyst estimates of $386.30 million. Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%. The business's revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 earnings per share. On average, sell-side analysts forecast that Kodiak Gas Services will post 2.46 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Monday, August 17th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.96 annualized dividend and a dividend yield of 3.7%. Kodiak Gas Services's payout ratio is presently 233.33%.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, CEO Robert McKee sold 2,666 shares of Kodiak Gas Services stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $53.95, for a total transaction of $143,830.70. Following the transaction, the chief executive officer directly owned 289,924 shares of the company's stock, valued at $15,641,399.80. The trade was a 0.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Pedro R. Buhigas sold 3,663 shares of the business's stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $58.14, for a total transaction of $212,966.82. Following the completion of the transaction, the insider owned 32,413 shares in the company, valued at $1,884,491.82. The trade was a 10.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 20,336 shares of company stock valued at $1,218,437. 0.64% of the stock is owned by company insiders.

Institutional Trading of Kodiak Gas Services

Several hedge funds have recently made changes to their positions in the company. Advisors Preferred LLC acquired a new stake in shares of Kodiak Gas Services during the second quarter valued at about $1,986,000. Hsbc Holdings PLC acquired a new position in shares of Kodiak Gas Services in the 2nd quarter worth approximately $2,486,000. Crown Advisors Management Inc. acquired a new position in shares of Kodiak Gas Services in the 2nd quarter worth approximately $4,508,000. Dimensional Fund Advisors LP boosted its position in shares of Kodiak Gas Services by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company's stock worth $181,108,000 after purchasing an additional 135,998 shares during the period. Finally, Maven Securities LTD boosted its position in shares of Kodiak Gas Services by 694.0% during the 4th quarter. Maven Securities LTD now owns 100,000 shares of the company's stock worth $3,740,000 after purchasing an additional 87,406 shares during the period. Hedge funds and other institutional investors own 24.95% of the company's stock.

Kodiak Gas Services Company Profile

Kodiak Gas Services, Inc NYSE: KGS provides contract natural gas compression services in the United States. The company helps oil and gas producers and midstream operators move natural gas through gathering systems, processing facilities, pipelines and other infrastructure by supplying and operating compression equipment.

Its services include the design, installation, commissioning, operation, maintenance and relocation of natural gas compression systems. Kodiak owns and manages a fleet of compressors that can be deployed for a range of applications, including gathering, processing, storage and transmission.

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