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 rating of “Moderate Buy” from the eleven analysts that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $41.91.

KGS has been the subject of a number of recent research reports. Royal Bank of Canada set a $45.00 target price on Kodiak Gas Services and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Mizuho boosted their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Raymond James restated an “outperform” rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Truist Financial boosted their target price on 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, Barclays dropped their price objective on Kodiak Gas Services from $44.00 to $41.00 and set an “equal weight” rating for the company in a report on Friday.

Kodiak Gas Services Trading Down 1.6 %

Shares of KGS opened at $37.85 on Friday. The stock has a fifty day moving average price of $43.30 and a two-hundred day moving average price of $37.86. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. Kodiak Gas Services has a 52-week low of $24.84 and a 52-week high of $50.43. The company has a market cap of $3.33 billion, a price-to-earnings ratio of 130.51 and a beta of 1.30.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.15). The firm had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. Analysts predict that Kodiak Gas Services will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.64 dividend on an annualized basis and a yield of 4.33%. Kodiak Gas Services’s payout ratio is 277.97%.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the transaction, the insider now directly owns 34,771,323 shares of the company’s stock, valued at approximately $1,651,637,842.50. The trade was a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KGS. Victory Capital Management Inc. acquired a new position in shares of Kodiak Gas Services during the third quarter worth about $2,974,000. Principal Financial Group Inc. acquired a new position in shares of Kodiak Gas Services during the third quarter worth about $610,000. Chesapeake Capital Corp IL acquired a new position in shares of Kodiak Gas Services during the third quarter worth about $603,000. Tidal Investments LLC acquired a new position in shares of Kodiak Gas Services during the third quarter worth about $598,000. Finally, Barclays PLC boosted its position in shares of Kodiak Gas Services by 209.3% during the third quarter. Barclays PLC now owns 42,350 shares of the company’s stock worth $1,228,000 after buying an additional 28,658 shares during the period. 24.95% of the stock is owned by institutional investors and hedge funds.

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.