Kodiak Gas Services, Inc. (NYSE:KGS) Receives $41.30 Consensus Price Target from Brokerages

Kodiak Gas Services, Inc. (NYSE:KGS) has earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $41.30.

Several analysts have weighed in on KGS shares. Barclays raised their price target on Kodiak Gas Services from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Thursday, August 14th. Mizuho raised their price target on Kodiak Gas Services from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Royal Bank Of Canada raised their price target on Kodiak Gas Services from $42.00 to $43.00 and gave the company an “outperform” rating in a report on Wednesday, August 13th. Zacks Research cut Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $43.00 price target (up previously from $42.00) on shares of Kodiak Gas Services in a report on Monday, June 23rd.

Kodiak Gas Services Stock Down 1.4%

Shares of NYSE KGS opened at $33.24 on Friday. Kodiak Gas Services has a 52 week low of $26.12 and a 52 week high of $50.43. The business has a 50-day simple moving average of $33.48 and a two-hundred day simple moving average of $34.73. The company has a quick ratio of 0.78, a current ratio of 1.10 and a debt-to-equity ratio of 1.89. The company has a market cap of $2.88 billion, a P/E ratio of 36.94 and a beta of 1.34.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Wednesday, August 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. Kodiak Gas Services had a return on equity of 10.35% and a net margin of 6.48%.The business had revenue of $322.84 million during the quarter, compared to the consensus estimate of $335.10 million. During the same quarter last year, the company earned $0.06 EPS. The firm’s revenue was up 4.2% compared to the same quarter last year. Research analysts anticipate that Kodiak Gas Services will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services announced that its board has authorized a stock repurchase plan on Monday, August 11th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 1.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 4th were issued a $0.45 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.80 annualized dividend and a dividend yield of 5.4%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 200.00%.

Hedge Funds Weigh In On Kodiak Gas Services

Large investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd increased its stake in Kodiak Gas Services by 4.6% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 8,180 shares of the company’s stock worth $280,000 after purchasing an additional 360 shares during the period. Amalgamated Bank increased its stake in Kodiak Gas Services by 40.0% in the 1st quarter. Amalgamated Bank now owns 1,554 shares of the company’s stock worth $58,000 after purchasing an additional 444 shares during the period. Captrust Financial Advisors increased its stake in Kodiak Gas Services by 2.7% in the 2nd quarter. Captrust Financial Advisors now owns 16,925 shares of the company’s stock worth $580,000 after purchasing an additional 448 shares during the period. United Advisor Group LLC increased its stake in Kodiak Gas Services by 4.4% in the 4th quarter. United Advisor Group LLC now owns 12,281 shares of the company’s stock worth $501,000 after purchasing an additional 519 shares during the period. Finally, CWM LLC increased its stake in Kodiak Gas Services by 4.3% in the 2nd quarter. CWM LLC now owns 14,804 shares of the company’s stock worth $507,000 after purchasing an additional 608 shares during the period. 24.95% of the stock is owned by hedge funds and other institutional investors.

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.