Kodiak Gas Services, Inc. (NYSE:KGS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $33.09.

Several brokerages recently issued reports on KGS. Mizuho began coverage on shares of Kodiak Gas Services in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 price objective for the company. Royal Bank of Canada upped their price objective on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Redburn Atlantic began coverage on shares of Kodiak Gas Services in a research note on Thursday, September 19th. They set a “buy” rating and a $35.00 price objective for the company. Truist Financial upped their price objective on shares of Kodiak Gas Services from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Finally, Stifel Nicolaus upped their price objective on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th.

Kodiak Gas Services Stock Up 0.5 %

KGS stock opened at $31.06 on Wednesday. The stock has a market capitalization of $2.62 billion, a P/E ratio of 35.30 and a beta of 0.89. The firm has a 50-day simple moving average of $28.59 and a 200-day simple moving average of $27.74. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.70. Kodiak Gas Services has a 52 week low of $16.72 and a 52 week high of $32.77.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Monday, August 12th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The company had revenue of $309.65 million for the quarter, compared to analysts’ expectations of $313.88 million. Kodiak Gas Services had a return on equity of 7.20% and a net margin of 5.23%. Equities analysts forecast that Kodiak Gas Services will post 1.15 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, November 1st will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.64 annualized dividend and a dividend yield of 5.28%. Kodiak Gas Services’s dividend payout ratio (DPR) is 186.36%.

Institutional Trading of Kodiak Gas Services

Hedge funds have recently made changes to their positions in the company. Security National Bank purchased a new position in shares of Kodiak Gas Services during the 2nd quarter worth approximately $39,000. HWG Holdings LP purchased a new position in shares of Kodiak Gas Services during the 2nd quarter worth approximately $40,000. PNC Financial Services Group Inc. purchased a new position in shares of Kodiak Gas Services during the 4th quarter worth approximately $46,000. nVerses Capital LLC boosted its position in shares of Kodiak Gas Services by 90.9% during the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after purchasing an additional 1,000 shares during the period. Finally, SG Americas Securities LLC purchased a new position in shares of Kodiak Gas Services during the 3rd quarter worth approximately $125,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

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.