Kodiak Gas Services, Inc. (NYSE:KGS) Given Average Rating of “Moderate Buy” by Analysts

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $54.5714.

KGS has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. Citigroup boosted their target price on Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Barclays lifted their price target on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Finally, Mizuho boosted their price objective on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th.

Kodiak Gas Services Stock Performance

NYSE:KGS opened at $58.45 on Wednesday. The company has a market cap of $5.02 billion, a P/E ratio of 67.19 and a beta of 1.11. The firm’s 50 day moving average is $50.62 and its two-hundred day moving average is $40.78. Kodiak Gas Services has a fifty-two week low of $29.25 and a fifty-two week high of $60.07. 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 data on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.13). The company had revenue of $332.87 million for the quarter, compared to analysts’ expectations of $330.95 million. Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.21 earnings per share. Analysts expect that Kodiak Gas Services will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, February 13th. Kodiak Gas Services’s dividend payout ratio is 225.29%.

Insider Buying and Selling

In other Kodiak Gas Services news, insider Pedro R. Buhigas sold 13,942 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $55.73, for a total value of $776,987.66. Following the completion of the transaction, the insider owned 42,723 shares in the company, valued at $2,380,952.79. This represents a 24.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Randall J. Hogan acquired 6,000 shares of the stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $54.81 per share, with a total value of $328,860.00. Following the transaction, the director directly owned 28,406 shares of the company’s stock, valued at $1,556,932.86. This represents a 26.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 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.

Institutional Trading of Kodiak Gas Services

Institutional investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its position in shares of Kodiak Gas Services by 492.8% during the 3rd quarter. Principal Financial Group Inc. now owns 399,041 shares of the company’s stock worth $14,753,000 after purchasing an additional 331,732 shares during the period. Rhumbline Advisers boosted its position in Kodiak Gas Services by 126.9% during the 3rd quarter. Rhumbline Advisers now owns 179,160 shares of the company’s stock valued at $6,624,000 after purchasing an additional 100,194 shares during the period. Tyler Stone Wealth Management acquired a new position in Kodiak Gas Services during the 2nd quarter valued at approximately $1,068,000. Walleye Capital LLC grew its stake in Kodiak Gas Services by 385.9% during the 2nd quarter. Walleye Capital LLC now owns 401,983 shares of the company’s stock worth $13,776,000 after buying an additional 319,257 shares during the last quarter. Finally, Public Sector Pension Investment Board bought a new position in Kodiak Gas Services during the 3rd quarter worth $9,491,000. 24.95% of the stock is owned by institutional investors and hedge funds.

About Kodiak Gas Services

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.