Kodiak Gas Services, Inc. (NYSE:KGS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Kodiak Gas Services, Inc. (NYSE:KGS) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $78.8889.

Several equities research analysts have weighed in on KGS shares. Zacks Research upgraded Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. The Goldman Sachs Group boosted their price target on Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Jefferies Financial Group reduced their price objective on Kodiak Gas Services from $79.00 to $69.00 and set a “buy” rating on the stock in a research note on Monday, August 10th. Stifel Nicolaus lifted their target price on Kodiak Gas Services from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Finally, Wells Fargo & Company initiated coverage on Kodiak Gas Services in a research report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 target price on the stock.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, COO William Chad Lenamon sold 1,000 shares of the company’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $67.79, for a total value of $67,790.00. Following the completion of the transaction, the chief operating officer owned 87,294 shares of the company’s stock, valued at $5,917,660.26. This represents a 1.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Pedro R. Buhigas sold 4,625 shares of the stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $67.78, for a total value of $313,482.50. Following the completion of the transaction, the insider owned 38,454 shares of the company’s stock, valued at $2,606,412.12. This represents a 10.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 19,531 shares of company stock worth $1,296,158 in the last ninety days. Insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Kodiak Gas Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in KGS. Advisors Preferred LLC bought a new stake in shares of Kodiak Gas Services in the second quarter worth $1,986,000. Crown Advisors Management Inc. acquired a new stake in Kodiak Gas Services in the second quarter valued at $4,508,000. Charles Schwab Investment Management Inc. raised its position in Kodiak Gas Services by 29.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 901,406 shares of the company’s stock worth $33,713,000 after purchasing an additional 203,809 shares during the last quarter. HighTower Advisors LLC raised its position in Kodiak Gas Services by 40.5% during the 4th quarter. HighTower Advisors LLC now owns 57,699 shares of the company’s stock worth $2,158,000 after purchasing an additional 16,619 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Kodiak Gas Services by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock worth $181,108,000 after buying an additional 135,998 shares during the period. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Kodiak Gas Services Price Performance

KGS stock opened at $57.64 on Friday. The company’s 50-day moving average price is $64.28 and its two-hundred day moving average price is $62.96. The firm has a market cap of $5.83 billion, a P/E ratio of 68.62, a P/E/G ratio of 0.88 and a beta of 0.97. The company has a quick ratio of 1.15, a current ratio of 1.45 and a debt-to-equity ratio of 1.28. Kodiak Gas Services has a 12 month low of $32.55 and a 12 month high of $77.68.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). The firm had revenue of $391.12 million for the quarter, compared to the consensus estimate of $386.30 million. Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%.The business’s revenue was up 21.2% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. On average, analysts anticipate that Kodiak Gas Services will post 2.44 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Monday, August 17th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, August 17th. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 233.33%.

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.