Kodiak Gas Services, Inc. (NYSE:KGS) Receives $27.43 Average PT from Analysts

Shares of Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $27.43.

Several equities analysts recently commented on the company. Raymond James upped their target price on Kodiak Gas Services from $30.00 to $32.00 and gave the company an "outperform" rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. upped their price objective on shares of Kodiak Gas Services from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, March 21st. Truist Financial raised their target price on shares of Kodiak Gas Services from $28.00 to $32.00 and gave the stock a "buy" rating in a research report on Friday, May 10th. Finally, The Goldman Sachs Group upped their price target on shares of Kodiak Gas Services from $27.00 to $31.00 and gave the stock a "buy" rating in a research report on Wednesday, April 10th.

Insiders Place Their Bets

In other Kodiak Gas Services news, Director Margaret C. Montana bought 2,000 shares of the business's stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average price of $25.25 per share, with a total value of $50,500.00. Following the purchase, the director now owns 16,375 shares in the company, valued at approximately $413,468.75. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.18% of the stock is owned by insiders.

Institutional Trading of Kodiak Gas Services

Several institutional investors have recently added to or reduced their stakes in the business. Amalgamated Bank acquired a new position in shares of Kodiak Gas Services during the third quarter valued at $32,000. PNC Financial Services Group Inc. bought a new position in shares of Kodiak Gas Services during the 4th quarter valued at about $46,000. Barclays PLC acquired a new position in Kodiak Gas Services in the third quarter worth approximately $53,000. Strs Ohio acquired a new position in shares of Kodiak Gas Services in the 3rd quarter worth $57,000. Finally, New York State Common Retirement Fund acquired a new position in shares of Kodiak Gas Services in the 3rd quarter valued at $59,000. Institutional investors own 24.95% of the company's stock.

Kodiak Gas Services Trading Up 0.6 %

Shares of NYSE:KGS traded up $0.18 during trading on Friday, reaching $28.49. The stock had a trading volume of 245,193 shares, compared to its average volume of 325,134. The company has a quick ratio of 0.73, a current ratio of 1.11 and a debt-to-equity ratio of 1.60. The stock has a market cap of $2.40 billion and a P/E ratio of 32.38. The business has a fifty day moving average price of $27.22 and a 200-day moving average price of $23.23. Kodiak Gas Services has a fifty-two week low of $15.05 and a fifty-two week high of $29.00.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.03. Kodiak Gas Services had a return on equity of 7.33% and a net margin of 7.15%. The company had revenue of $215.50 million during the quarter, compared to the consensus estimate of $220.55 million. Kodiak Gas Services's revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, analysts anticipate that Kodiak Gas Services will post 1.83 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.52 annualized dividend and a yield of 5.34%. Kodiak Gas Services's payout ratio is 172.73%.

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.