Brokerages Set Kodiak Gas Services, Inc. (NYSE:KGS) Price Target at $44.83

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $44.8333.

KGS has been the subject of a number of research reports. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. William Blair assumed coverage on shares of Kodiak Gas Services in a research note on Tuesday, November 18th. They issued an “outperform” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Stifel Nicolaus set a $48.00 target price on Kodiak Gas Services in a report on Thursday, November 6th. Finally, Zacks Research downgraded Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. raised its stake in Kodiak Gas Services by 59.9% during the second quarter. Invesco Ltd. now owns 4,869,346 shares of the company’s stock valued at $166,872,000 after purchasing an additional 1,824,407 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Kodiak Gas Services by 33.8% in the 4th quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock worth $230,771,000 after buying an additional 1,559,172 shares in the last quarter. Eagle Global Advisors LLC bought a new stake in shares of Kodiak Gas Services in the 4th quarter worth about $39,741,000. Deprince Race & Zollo Inc. purchased a new stake in shares of Kodiak Gas Services during the 3rd quarter valued at about $28,385,000. Finally, Goldman Sachs Group Inc. raised its position in shares of Kodiak Gas Services by 58.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock valued at $73,979,000 after buying an additional 730,180 shares in the last quarter. 24.95% of the stock is owned by hedge funds and other institutional investors.

Kodiak Gas Services Stock Performance

NYSE:KGS opened at $47.28 on Tuesday. The stock has a 50-day moving average price of $37.78 and a 200 day moving average price of $35.55. The stock has a market capitalization of $4.10 billion, a P/E ratio of 59.10 and a beta of 1.31. Kodiak Gas Services has a 12-month low of $29.25 and a 12-month high of $48.14. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 2.08.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.14). The business had revenue of $322.74 million during the quarter, compared to the consensus estimate of $328.23 million. Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) earnings per share. Equities research analysts forecast that Kodiak Gas Services will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, February 13th. Kodiak Gas Services’s dividend payout ratio is 245.00%.

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.