Brokerages Set Kodiak Gas Services, Inc. (NYSE:KGS) PT at $75.22

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have earned an average rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $75.2222.

A number of research analysts have weighed in on KGS shares. Royal Bank Of Canada lifted 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. Jefferies Financial Group started coverage on shares of Kodiak Gas Services in a report on Thursday, June 4th. They issued a “buy” rating and a $79.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Friday, May 29th. The Goldman Sachs Group lifted their price objective on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Wells Fargo & Company began coverage on shares of Kodiak Gas Services in a report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price objective for the company.

Kodiak Gas Services Trading Up 2.7%

NYSE KGS opened at $68.95 on Monday. Kodiak Gas Services has a 1 year low of $30.06 and a 1 year high of $77.68. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.28 and a quick ratio of 0.99. The company has a fifty day moving average of $67.34 and a 200 day moving average of $52.62. The company has a market capitalization of $6.12 billion, a PE ratio of 93.18, a P/E/G ratio of 0.94 and a beta of 0.94.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Monday, May 11th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The company had revenue of $345.76 million during the quarter, compared to analysts’ expectations of $340.23 million. During the same quarter in the previous year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis. Research analysts forecast that Kodiak Gas Services will post 2.35 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.8%. Kodiak Gas Services’s payout ratio is currently 264.86%.

Insider Activity at Kodiak Gas Services

In other news, insider Pedro R. Buhigas sold 13,942 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $55.73, for a total transaction of $776,987.66. Following the completion of the sale, the insider owned 42,723 shares of the company’s stock, valued at $2,380,952.79. The trade was a 24.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Ewan William Hamilton sold 5,797 shares of the business’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $56.18, for a total transaction of $325,675.46. Following the sale, the chief accounting officer directly owned 34,346 shares of the company’s stock, valued at $1,929,558.28. This represents a 14.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,682 shares of company stock worth $1,876,438 over the last three months. Company insiders own 0.64% of the company’s stock.

Institutional Trading of Kodiak Gas Services

A number of institutional investors and hedge funds have recently modified their holdings of KGS. Vanguard Group Inc. increased its stake in shares of Kodiak Gas Services by 33.8% during the fourth quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock worth $230,771,000 after purchasing an additional 1,559,172 shares in the last quarter. Invesco Ltd. increased its stake in shares of Kodiak Gas Services by 29.5% during the third quarter. Invesco Ltd. now owns 6,305,789 shares of the company’s stock worth $233,125,000 after purchasing an additional 1,436,443 shares in the last quarter. CIBC Private Wealth Group LLC increased its stake in shares of Kodiak Gas Services by 3,046.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,471,663 shares of the company’s stock worth $55,040,000 after purchasing an additional 1,424,888 shares in the last quarter. Zimmer Partners LP boosted its position in Kodiak Gas Services by 45.7% during the fourth quarter. Zimmer Partners LP now owns 4,271,553 shares of the company’s stock worth $159,756,000 after acquiring an additional 1,339,849 shares during the last quarter. Finally, Eagle Global Advisors LLC acquired a new position in Kodiak Gas Services during the fourth quarter worth about $39,741,000. Hedge funds and other 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.