Kodiak Gas Services (NYSE:KGS) Hits New 12-Month High – Should You Buy?

Kodiak Gas Services, Inc. (NYSE:KGS)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $58.53 and last traded at $58.5710, with a volume of 409367 shares changing hands. The stock had previously closed at $55.90.

Analyst Ratings Changes

KGS has been the subject of several recent research reports. Royal Bank Of Canada boosted their price objective on Kodiak Gas Services from $45.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Citigroup increased their price objective on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, The Goldman Sachs Group raised their price objective on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.57.

Kodiak Gas Services Stock Performance

The stock has a market cap of $5.08 billion, a P/E ratio of 67.96 and a beta of 1.11. The stock has a fifty day simple moving average of $49.31 and a 200-day simple moving average of $40.25. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 2.12.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The company had revenue of $332.87 million during the quarter, compared to the consensus estimate of $330.95 million. During the same period last year, the company earned $0.21 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year. Equities analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were issued a $0.49 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.96 annualized dividend and a yield of 3.3%. Kodiak Gas Services’s dividend payout ratio (DPR) is 225.29%.

Insider Activity at Kodiak Gas Services

In other news, Director Randall J. Hogan purchased 6,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $54.81 per share, with a total value of $328,860.00. Following the acquisition, the director directly owned 28,406 shares of the company’s stock, valued at approximately $1,556,932.86. This represents a 26.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alexander Newsom Darden acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $54.75 per share, for a total transaction of $273,750.00. Following the purchase, the director directly owned 5,000 shares in the company, valued at $273,750. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 11,433 shares of company stock valued at $624,360 and sold 58,673 shares valued at $3,269,110. 0.27% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kodiak Gas Services

Institutional investors have recently modified their holdings of the business. Allworth Financial LP increased its stake in Kodiak Gas Services by 1,850.0% during the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after purchasing an additional 703 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in 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 in the last quarter. State of Wyoming boosted its holdings in shares of Kodiak Gas Services by 201.7% in the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after buying an additional 815 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Kodiak Gas Services by 1,501.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after buying an additional 1,156 shares during the period. Finally, GAMMA Investing LLC increased its position 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 in the last quarter. Institutional investors own 24.95% of the company’s stock.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.