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

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the eleven brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $40.55.

KGS has been the subject of a number of recent analyst reports. Truist Financial increased their price target on Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a research report on Tuesday, March 11th. Raymond James Financial reiterated an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Mizuho decreased their price target 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 decreased 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. Finally, Royal Bank Of Canada set a $45.00 price target on Kodiak Gas Services and gave the company an "outperform" rating in a research report on Tuesday, March 11th.

Institutional Investors Weigh In On Kodiak Gas Services

Several institutional investors have recently made changes to their positions in KGS. FMR LLC lifted its holdings in shares of Kodiak Gas Services by 50.2% during the 4th quarter. FMR LLC now owns 7,342,296 shares of the company's stock valued at $299,786,000 after buying an additional 2,452,492 shares during the last quarter. Encompass Capital Advisors LLC bought a new position in shares of Kodiak Gas Services in the 4th quarter valued at approximately $66,122,000. Zimmer Partners LP raised its stake in shares of Kodiak Gas Services by 88.1% in the 4th quarter. Zimmer Partners LP now owns 3,347,700 shares of the company's stock valued at $136,687,000 after acquiring an additional 1,567,849 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new position in shares of Kodiak Gas Services in the 1st quarter valued at approximately $40,648,000. Finally, Vanguard Group Inc. raised its stake in shares of Kodiak Gas Services by 52.3% in the 4th quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company's stock valued at $108,568,000 after acquiring an additional 913,104 shares in the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Kodiak Gas Services Price Performance

NYSE:KGS opened at $34.52 on Monday. The business's 50-day moving average price is $34.83 and its 200 day moving average price is $38.97. The firm has a market cap of $3.06 billion, a P/E ratio of 65.13 and a beta of 1.49. Kodiak Gas Services has a 52-week low of $24.84 and a 52-week high of $50.43. The company has a quick ratio of 0.87, a current ratio of 1.17 and a debt-to-equity ratio of 1.91.

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 for the quarter, beating analysts' consensus estimates of $0.39 by $0.03. Kodiak Gas Services had a return on equity of 8.49% and a net margin of 3.93%. The business had revenue of $329.64 million during the quarter, compared to analyst estimates of $328.45 million. During the same quarter last year, the company posted $0.39 EPS. Kodiak Gas Services's revenue for the quarter was up 52.9% on a year-over-year basis. As a group, sell-side 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 declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.21%. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, May 5th. Kodiak Gas Services's payout ratio is currently 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.

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