Brokerages Set Kodiak Gas Services, Inc. (NYSE:KGS) PT at $41.45

Shares of Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $41.45.

KGS has been the topic of a number of recent research reports. Royal Bank of Canada set a $45.00 price target on shares of Kodiak Gas Services and gave the stock an "outperform" rating in a research report on Tuesday, March 11th. Barclays lowered their target price on shares of Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Truist Financial boosted their price target on Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Citigroup increased their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Finally, Mizuho upped their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd.

Institutional Trading of Kodiak Gas Services

Several large investors have recently modified their holdings of KGS. Barclays PLC boosted its position in shares of Kodiak Gas Services by 209.3% during the 3rd 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 position in Kodiak Gas Services in the third quarter worth approximately $598,000. Franklin Resources Inc. bought a new position in Kodiak Gas Services in the third quarter worth approximately $1,242,000. B. Riley Wealth Advisors Inc. grew its stake in Kodiak Gas Services by 3.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company's stock valued at $371,000 after acquiring an additional 405 shares during the period. Finally, Principal Financial Group Inc. bought a new stake in shares of Kodiak Gas Services during the third quarter valued at approximately $610,000. Institutional investors and hedge funds own 24.95% of the company's stock.

Kodiak Gas Services Stock Performance

Shares of NYSE:KGS traded down $0.25 during trading on Friday, reaching $35.19. 174,104 shares of the stock were exchanged, compared to its average volume of 1,107,474. Kodiak Gas Services has a 12 month low of $24.83 and a 12 month high of $50.43. The stock has a 50-day moving average price of $35.24 and a 200-day moving average price of $39.12. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The firm has a market cap of $3.12 billion, a PE ratio of 121.35 and a beta of 1.59.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. The business had revenue of $329.64 million during 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 firm's quarterly revenue was up 52.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 EPS. Research analysts expect that Kodiak Gas Services will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, May 5th. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 5.12%. Kodiak Gas Services's payout ratio is 339.62%.

About Kodiak Gas Services

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.