Kodiak Gas Services, Inc. (NYSE:KGS) Receives $79.50 Consensus Target Price from Analysts

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have been given a consensus rating of “Moderate Buy” by the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $79.3333.

A number of equities research analysts recently commented on KGS shares. Citigroup lifted their price objective on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Piper Sandler began coverage on Kodiak Gas Services in a research report on Tuesday. They set an “overweight” rating and a $78.00 target price for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. Royal Bank Of Canada boosted their price objective on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, May 18th. Finally, Wells Fargo & Company assumed coverage on shares of Kodiak Gas Services in a research note on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 target price for the company.

Kodiak Gas Services Stock Up 5.6%

Shares of NYSE KGS opened at $58.09 on Tuesday. Kodiak Gas Services has a 1 year low of $30.06 and a 1 year high of $77.68. The firm’s 50-day moving average is $67.65 and its 200-day moving average is $60.14. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38. The firm has a market capitalization of $5.16 billion, a PE ratio of 78.51, a price-to-earnings-growth ratio of 0.81 and a beta of 0.89.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Monday, May 11th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The firm had revenue of $345.76 million during the quarter, compared to analyst estimates of $340.23 million. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 EPS. Equities analysts expect that Kodiak Gas Services will post 2.41 EPS for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 264.86%.

Insiders Place Their Bets

In other Kodiak Gas Services news, COO William Chad Lenamon sold 1,000 shares of Kodiak Gas Services stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $67.79, for a total transaction of $67,790.00. Following the transaction, the chief operating officer directly owned 87,294 shares in the company, valued at approximately $5,917,660.26. The trade was a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Ewan William Hamilton sold 2,729 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $68.62, for a total value of $187,263.98. Following the completion of the transaction, the chief accounting officer directly owned 31,617 shares of the company’s stock, valued at approximately $2,169,558.54. The trade was a 7.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 13,523 shares of company stock worth $921,319. 0.64% of the stock is owned by corporate insiders.

Institutional Trading of Kodiak Gas Services

Large investors have recently bought and sold shares of the business. Harbor Investment Advisory LLC acquired a new stake in Kodiak Gas Services during the 2nd quarter worth approximately $76,000. Nisa Investment Advisors LLC boosted its holdings in shares of Kodiak Gas Services by 52.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after buying an additional 364 shares during the period. State of Wyoming increased its position in shares of Kodiak Gas Services by 201.7% during the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after acquiring an additional 815 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Kodiak Gas Services by 1,501.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after acquiring an additional 1,156 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Kodiak Gas Services by 80.3% during the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after acquiring an additional 556 shares during the period. 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.