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

Key Points

• Kodiak Gas Services (NYSE:KGS) has received a consensus rating of “Moderate Buy”, with two analysts rating it as a hold and seven giving buy ratings.
• The company's recent quarterly earnings exceeded expectations, reporting $0.49 EPS, while revenue for the quarter was $322.84 million, which is below analysts' estimates.
• Kodiak has initiated a $50 million share repurchase plan and declared a quarterly dividend of $0.45 per share, reflecting a dividend yield of 4.9%.

Shares of Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $43.50.

Several analysts have issued reports on KGS shares. Zacks Research lowered shares of Kodiak Gas Services from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, September 10th. JPMorgan Chase & Co. restated a "buy" rating and set a $43.00 target price (up from $42.00) on shares of Kodiak Gas Services in a report on Monday, June 23rd. Mizuho raised their price target on Kodiak Gas Services from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Barclays boosted their price objective on Kodiak Gas Services from $36.00 to $37.00 and gave the company an "equal weight" rating in a research report on Thursday, August 14th. Finally, Royal Bank Of Canada raised their target price on shares of Kodiak Gas Services from $42.00 to $43.00 and gave the stock an "outperform" rating in a report on Wednesday, August 13th.

Kodiak Gas Services Stock Down 1.0%

Shares of NYSE KGS opened at $36.97 on Wednesday. The stock has a market capitalization of $3.20 billion, a P/E ratio of 41.08 and a beta of 1.34. Kodiak Gas Services has a one year low of $28.72 and a one year high of $50.43. The firm's 50 day simple moving average is $34.16 and its two-hundred day simple moving average is $34.44. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.10 and a quick ratio of 0.78.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.03. Kodiak Gas Services had a net margin of 6.48% and a return on equity of 10.35%. The firm had revenue of $322.84 million during the quarter, compared to analyst estimates of $335.10 million. During the same period in the previous year, the business posted $0.06 EPS. The business's quarterly revenue was up 4.2% on a year-over-year basis. As a group, analysts expect that Kodiak Gas Services will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services declared that its Board of Directors has initiated a share repurchase plan on Monday, August 11th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 1.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board of directors believes its shares are undervalued.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 4th were given a $0.45 dividend. The ex-dividend date was Monday, August 4th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.9%. Kodiak Gas Services's payout ratio is presently 200.00%.

Institutional Trading of Kodiak Gas Services

Large investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd lifted its position in shares of Kodiak Gas Services by 4.6% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 8,180 shares of the company's stock worth $280,000 after purchasing an additional 360 shares during the period. Amalgamated Bank lifted its holdings in Kodiak Gas Services by 40.0% in the first quarter. Amalgamated Bank now owns 1,554 shares of the company's stock worth $58,000 after buying an additional 444 shares during the period. Captrust Financial Advisors boosted its position in Kodiak Gas Services by 2.7% during the 2nd quarter. Captrust Financial Advisors now owns 16,925 shares of the company's stock valued at $580,000 after acquiring an additional 448 shares in the last quarter. CWM LLC grew its holdings in shares of Kodiak Gas Services by 4.3% during the 2nd quarter. CWM LLC now owns 14,804 shares of the company's stock worth $507,000 after acquiring an additional 608 shares during the period. Finally, Allworth Financial LP grew its holdings in shares of Kodiak Gas Services by 1,850.0% during the 2nd quarter. Allworth Financial LP now owns 741 shares of the company's stock worth $25,000 after acquiring an additional 703 shares during the period. Institutional investors own 24.95% of the company's stock.

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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