Kodiak Gas Services' (KGS) Buy Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their buy rating on shares of Kodiak Gas Services (NYSE:KGS - Free Report) in a research report report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has a $43.00 price target on the stock, up from their prior price target of $42.00.

KGS has been the topic of several other reports. Barclays cut their price objective on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Mizuho cut their price objective on Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 20th. Truist Financial lifted their price objective 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 reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Finally, Royal Bank Of Canada set a $45.00 price objective on Kodiak Gas Services and gave the company an "outperform" rating in a research report on Tuesday, March 11th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.64.

Kodiak Gas Services Trading Up 1.5%

Shares of NYSE KGS traded up $0.50 during trading hours on Monday, hitting $34.37. The company's stock had a trading volume of 1,104,251 shares, compared to its average volume of 896,617. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.87 and a current ratio of 1.17. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 64.84 and a beta of 1.48. Kodiak Gas Services has a 12 month low of $24.84 and a 12 month high of $50.43. The business has a 50-day simple moving average of $34.88 and a 200-day simple moving average of $38.81.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The business had revenue of $329.64 million for the quarter, compared to analysts' expectations of $328.45 million. Kodiak Gas Services had a return on equity of 8.49% and a net margin of 3.93%. The business's revenue was up 52.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 EPS. On average, analysts anticipate that Kodiak Gas Services will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently announced 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 5.24%. 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 dividend payout ratio (DPR) is presently 339.62%.

Hedge Funds Weigh In On Kodiak Gas Services

Several large investors have recently made changes to their positions in the business. Voya Investment Management LLC lifted its holdings in shares of Kodiak Gas Services by 5,009.6% during the first quarter. Voya Investment Management LLC now owns 375,810 shares of the company's stock valued at $14,018,000 after purchasing an additional 368,455 shares during the last quarter. Rhumbline Advisers raised its holdings in Kodiak Gas Services by 37.3% in the 1st quarter. Rhumbline Advisers now owns 60,450 shares of the company's stock worth $2,255,000 after acquiring an additional 16,408 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Kodiak Gas Services by 102.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company's stock worth $3,548,000 after acquiring an additional 48,122 shares during the last quarter. Zimmer Partners LP raised its holdings in Kodiak Gas Services by 14.2% in the 1st quarter. Zimmer Partners LP now owns 3,824,063 shares of the company's stock worth $142,638,000 after acquiring an additional 476,363 shares during the last quarter. Finally, Great Lakes Advisors LLC raised its holdings in Kodiak Gas Services by 48.9% in the 1st quarter. Great Lakes Advisors LLC now owns 13,429 shares of the company's stock worth $501,000 after acquiring an additional 4,412 shares during the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

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.