GeoSphere Capital Management LLC Buys Shares of 100,000 Kodiak Gas Services, Inc. (NYSE:KGS)

GeoSphere Capital Management LLC purchased a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 100,000 shares of the company's stock, valued at approximately $4,083,000. Kodiak Gas Services accounts for approximately 1.9% of GeoSphere Capital Management LLC's investment portfolio, making the stock its 7th largest holding. GeoSphere Capital Management LLC owned approximately 0.11% of Kodiak Gas Services at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC raised its holdings in Kodiak Gas Services by 209.3% during the third quarter. Barclays PLC now owns 42,350 shares of the company's stock worth $1,228,000 after purchasing an additional 28,658 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Kodiak Gas Services in the 3rd quarter worth $598,000. Franklin Resources Inc. acquired a new stake in shares of Kodiak Gas Services in the third quarter valued at $1,242,000. JPMorgan Chase & Co. boosted its stake in Kodiak Gas Services by 55.6% during the third quarter. JPMorgan Chase & Co. now owns 110,425 shares of the company's stock valued at $3,202,000 after buying an additional 39,477 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company's stock worth $29,000 after acquiring an additional 342 shares during the period. 24.95% of the stock is currently owned by institutional investors.

Kodiak Gas Services Trading Up 0.3 %

NYSE:KGS opened at $35.56 on Friday. The stock has a market cap of $3.15 billion, a PE ratio of 122.62 and a beta of 1.59. Kodiak Gas Services, Inc. has a fifty-two week low of $24.84 and a fifty-two week high of $50.43. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The stock's 50-day moving average is $35.16 and its two-hundred day moving average is $39.15.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The firm had revenue of $329.64 million for the quarter, compared to analyst estimates of $328.45 million. During the same quarter in the prior year, the business earned $0.39 EPS. The company's revenue for the quarter was up 52.9% compared to the same quarter last year. As a group, equities research analysts forecast that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be given a dividend of $0.45 per share. This is a boost from Kodiak Gas Services's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.80 dividend on an annualized basis and a yield of 5.06%. Kodiak Gas Services's dividend payout ratio (DPR) is presently 339.62%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KGS. Royal Bank of Canada set a $45.00 price objective on shares of Kodiak Gas Services and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Barclays decreased their price target on shares of Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Raymond James reiterated an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Mizuho lifted their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Finally, Truist Financial boosted their target price on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $41.45.

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.

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