Kodiak Gas Services (NYSE:KGS) Reaches New 12-Month High – What’s Next?

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. The Goldman Sachs Group upped their price target on Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Citigroup lifted their price target on Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Royal Bank Of Canada increased their target price on shares of Kodiak Gas Services from $45.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Mizuho upped their price objective on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $54.57.

Kodiak Gas Services Trading Up 4.9%

The business’s 50 day moving average price is $48.41 and its 200-day moving average price is $39.92. The company has a market cap of $5.04 billion, a price-to-earnings ratio of 67.41 and a beta of 1.10. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.57 and a current ratio of 0.84.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $332.87 million for the quarter, compared to analyst estimates of $330.95 million. During the same quarter last year, the firm posted $0.21 earnings per share. Kodiak Gas Services’s revenue was up 7.6% on a year-over-year basis. On average, research analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, February 13th. Kodiak Gas Services’s dividend payout ratio is currently 225.29%.

Insider Activity at Kodiak Gas Services

In other news, Director Randall J. Hogan bought 6,000 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $54.81 per share, for a total transaction of $328,860.00. Following the completion of the purchase, the director owned 28,406 shares of the company’s stock, valued at approximately $1,556,932.86. The trade was a 26.78% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alexander Newsom Darden acquired 5,000 shares of the business’s stock in a transaction on Friday, March 13th. The stock was acquired at an average price of $54.75 per share, with a total value of $273,750.00. Following the transaction, the director owned 5,000 shares in the company, valued at approximately $273,750. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 11,433 shares of company stock valued at $624,360 and sold 58,673 shares valued at $3,269,110. Insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Kodiak Gas Services

A number of institutional investors have recently modified their holdings of KGS. Hsbc Holdings PLC acquired a new stake in shares of Kodiak Gas Services in the fourth quarter valued at approximately $788,000. Rockefeller Capital Management L.P. lifted its stake in shares of Kodiak Gas Services by 262.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 33,767 shares of the company’s stock valued at $1,263,000 after acquiring an additional 24,459 shares during the period. Invesco Ltd. boosted its holdings in Kodiak Gas Services by 20.4% in the fourth quarter. Invesco Ltd. now owns 7,593,274 shares of the company’s stock valued at $283,988,000 after acquiring an additional 1,287,485 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in Kodiak Gas Services by 1.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 79,224 shares of the company’s stock valued at $2,963,000 after acquiring an additional 1,234 shares during the last quarter. Finally, State of Tennessee Department of Treasury increased its position in Kodiak Gas Services by 134.8% in the fourth quarter. State of Tennessee Department of Treasury now owns 28,736 shares of the company’s stock worth $1,075,000 after purchasing an additional 16,495 shares during the period. 24.95% of the stock is owned by institutional investors.

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.