Kodiak Gas Services, Inc. (NYSE:KGS) Given Consensus Rating of “Moderate Buy” by Analysts

Kodiak Gas Services, Inc. (NYSE:KGS) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $26.14.

A number of equities analysts have recently weighed in on KGS shares. The Goldman Sachs Group upped their target price on Kodiak Gas Services from $27.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Raymond James increased their price objective on Kodiak Gas Services from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Finally, JPMorgan Chase & Co. increased their price objective on Kodiak Gas Services from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st.

Insider Transactions at Kodiak Gas Services

In other Kodiak Gas Services news, Director Margaret C. Montana purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were purchased at an average price of $25.25 per share, for a total transaction of $50,500.00. Following the completion of the purchase, the director now directly owns 16,375 shares of the company’s stock, valued at $413,468.75. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kodiak Gas Services

Institutional investors and hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC bought a new stake in shares of Kodiak Gas Services in the 3rd quarter valued at about $340,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Kodiak Gas Services in the 3rd quarter valued at approximately $231,000. Bank of New York Mellon Corp acquired a new position in shares of Kodiak Gas Services in the 3rd quarter valued at approximately $781,000. Strs Ohio acquired a new position in Kodiak Gas Services during the 3rd quarter worth approximately $57,000. Finally, Jump Financial LLC acquired a new position in Kodiak Gas Services during the 3rd quarter worth approximately $1,252,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Price Performance

Shares of NYSE KGS opened at $27.72 on Wednesday. Kodiak Gas Services has a twelve month low of $15.05 and a twelve month high of $29.00. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.73. The firm has a 50-day moving average of $26.27 and a two-hundred day moving average of $21.86.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Wednesday, March 6th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $225.98 million for the quarter, compared to the consensus estimate of $224.45 million. As a group, research analysts expect that Kodiak Gas Services will post 1.82 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 16th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.52 annualized dividend and a dividend yield of 5.48%.

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.