Kodiak Gas Services, Inc. (NYSE:KGS) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) have been given a consensus rating of "Moderate Buy" by the eleven analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $40.55.

Several research analysts have commented on the stock. Raymond James reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Mizuho dropped their target price on Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating for the company in a research report on Tuesday, May 20th. Barclays cut their target price on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Finally, Truist Financial boosted their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, March 11th.

Kodiak Gas Services Price Performance

KGS stock traded down $0.08 during trading on Thursday, hitting $35.38. 1,778,220 shares of the company's stock traded hands, compared to its average volume of 853,405. Kodiak Gas Services has a 52 week low of $24.84 and a 52 week high of $50.43. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 122.00 and a beta of 1.59. The business has a fifty day simple moving average of $34.65 and a 200 day simple moving average of $39.42. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27.

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

Kodiak Gas Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend was Monday, May 5th. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.41. Kodiak Gas Services's payout ratio is 339.62%.

Hedge Funds Weigh In On Kodiak Gas Services

Large investors have recently added to or reduced their stakes in the company. Comerica Bank grew its position in shares of Kodiak Gas Services by 710.1% in the 4th quarter. Comerica Bank now owns 721 shares of the company's stock worth $29,000 after buying an additional 632 shares during the last quarter. Sterling Capital Management LLC lifted its position in Kodiak Gas Services by 1,322.6% during the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock valued at $31,000 after acquiring an additional 701 shares during the last quarter. Quarry LP acquired a new stake in Kodiak Gas Services in the first quarter valued at approximately $30,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Kodiak Gas Services in the first quarter worth $37,000. Finally, Amalgamated Bank increased its position in shares of Kodiak Gas Services by 112.6% during the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company's stock worth $45,000 after purchasing an additional 588 shares in the last quarter. 24.95% of the stock is currently owned by institutional investors.

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.