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

Shares of Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $41.45.

KGS has been the subject of several research analyst reports. Truist Financial raised their price target on Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Raymond James restated an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Citigroup lifted their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Mizuho upped their target price on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Finally, Barclays dropped their price target on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Tidal Investments LLC purchased a new stake in Kodiak Gas Services during the third quarter worth $598,000. Victory Capital Management Inc. grew its stake in Kodiak Gas Services by 155.8% in the fourth quarter. Victory Capital Management Inc. now owns 262,329 shares of the company's stock valued at $10,711,000 after purchasing an additional 159,772 shares during the last quarter. Bailard Inc. bought a new position in Kodiak Gas Services in the fourth quarter worth about $363,000. Kestra Private Wealth Services LLC raised its stake in shares of Kodiak Gas Services by 57.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 18,634 shares of the company's stock worth $761,000 after acquiring an additional 6,818 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in Kodiak Gas Services by 305.7% during the fourth quarter. SG Americas Securities LLC now owns 17,515 shares of the company's stock valued at $715,000 after acquiring an additional 13,198 shares during the last quarter. Institutional investors own 24.95% of the company's stock.

Kodiak Gas Services Stock Performance

KGS stock traded down $0.16 during trading on Friday, reaching $34.07. The stock had a trading volume of 950,566 shares, compared to its average volume of 809,931. The firm has a market cap of $3.02 billion, a PE ratio of 117.47 and a beta of 1.59. 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 stock's 50 day moving average is $35.53 and its two-hundred day moving average is $39.12. Kodiak Gas Services has a 52 week low of $24.84 and a 52 week high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.15). Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The company had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. As a group, equities analysts anticipate that Kodiak Gas Services will post 1.12 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a dividend of $0.45 per share. 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 5.28%. This is a boost from Kodiak Gas Services's previous quarterly dividend of $0.41. Kodiak Gas Services's payout ratio is presently 305.08%.

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.