Kodiak Gas Services, Inc. (NYSE:KGS) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $40.64.

A number of research firms have issued reports on KGS. 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. Mizuho reduced their price target on shares of 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. Truist Financial raised their price target on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Raymond James Financial reissued an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Finally, Barclays reduced their price target on shares of 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 Investors Weigh In On Kodiak Gas Services

A number of hedge funds and other institutional investors have recently made changes to their positions in KGS. Comerica Bank grew its stake in shares of Kodiak Gas Services by 710.1% during the 4th quarter. Comerica Bank now owns 721 shares of the company's stock worth $29,000 after purchasing an additional 632 shares during the period. Quarry LP acquired a new stake in Kodiak Gas Services in the 1st quarter valued at $30,000. Sterling Capital Management LLC grew its stake in Kodiak Gas Services by 1,322.6% in the 4th 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 period. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Kodiak Gas Services in the 1st quarter valued at $37,000. Finally, Amalgamated Bank grew its stake in Kodiak Gas Services by 112.6% in the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company's stock valued at $45,000 after acquiring an additional 588 shares during the period. Institutional investors and hedge funds own 24.95% of the company's stock.

Kodiak Gas Services Stock Performance

Shares of Kodiak Gas Services stock traded up $0.50 during midday trading on Monday, hitting $34.37. The company had a trading volume of 1,104,251 shares, compared to its average volume of 896,617. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 64.84 and a beta of 1.48. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 1.91. The company has a fifty day simple moving average of $34.88 and a 200 day simple moving average of $38.81. Kodiak Gas Services has a 12-month low of $24.84 and a 12-month high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. Kodiak Gas Services had a net margin of 3.93% and a return on equity of 8.49%. The company had revenue of $329.64 million during the quarter, compared to analyst estimates of $328.45 million. During the same period last year, the firm posted $0.39 EPS. Kodiak Gas Services's revenue for the quarter was up 52.9% compared to the same quarter last year. As a group, analysts predict that Kodiak Gas Services 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 was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were paid 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 was Monday, May 5th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.24%. Kodiak Gas Services's dividend payout ratio (DPR) is presently 339.62%.

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.