Kodiak Gas Services (NYSE:KGS) Shares Down 4.3% - What's Next?

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report)'s share price traded down 4.3% during mid-day trading on Monday . The stock traded as low as $35.37 and last traded at $35.39. 457,550 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 864,650 shares. The stock had previously closed at $37.00.

Analyst Ratings Changes

A number of brokerages recently weighed in on KGS. Royal Bank of Canada set a $45.00 target price on shares of Kodiak Gas Services and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Mizuho decreased their price objective on shares of Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating for the company in a research note on Tuesday, May 20th. Barclays cut their target price 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. Truist Financial increased their target price 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. Finally, Raymond James restated an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Kodiak Gas Services currently has a consensus rating of "Moderate Buy" and an average target price of $40.55.

Kodiak Gas Services Stock Up 0.3%

The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 117.66 and a beta of 1.48. The business's 50 day moving average is $34.56 and its 200-day moving average is $39.25.

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 the consensus estimate of $0.39 by $0.03. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The company had revenue of $329.64 million for the quarter, compared to analyst estimates of $328.45 million. During the same period last year, the business posted $0.39 EPS. The business's quarterly revenue was up 52.9% on a year-over-year basis. Equities analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS 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. Investors of record on Monday, May 5th were issued a dividend of $0.45 per share. This is an increase from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 5.28%. The ex-dividend date was Monday, May 5th. Kodiak Gas Services's dividend payout ratio (DPR) is currently 339.62%.

Hedge Funds Weigh In On Kodiak Gas Services

Several institutional investors have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its stake in shares of Kodiak Gas Services by 37.3% in the first 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 increased its stake in Kodiak Gas Services by 102.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company's stock valued at $3,548,000 after purchasing an additional 48,122 shares in the last quarter. Zimmer Partners LP increased its stake in Kodiak Gas Services by 14.2% in the first quarter. Zimmer Partners LP now owns 3,824,063 shares of the company's stock valued at $142,638,000 after purchasing an additional 476,363 shares in the last quarter. Great Lakes Advisors LLC increased its position in shares of Kodiak Gas Services by 48.9% during the first 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 in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Kodiak Gas Services by 58.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company's stock worth $73,979,000 after acquiring an additional 730,180 shares in the last quarter. 24.95% of the stock is owned by institutional investors.

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.