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

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $79.25.

Several research firms recently commented on KGS. Jefferies Financial Group assumed coverage on Kodiak Gas Services in a report on Thursday, June 4th. They issued a “buy” rating and a $79.00 price target for the company. The Goldman Sachs Group upped their target price on Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a report on Friday, May 15th. Royal Bank Of Canada raised their target price on Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, May 18th. Stifel Nicolaus set a $84.00 price target on Kodiak Gas Services in a report on Tuesday, May 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Friday, May 29th.

Insiders Place Their Bets

In other Kodiak Gas Services news, CAO Ewan William Hamilton sold 2,729 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $68.62, for a total value of $187,263.98. Following the transaction, the chief accounting officer directly owned 31,617 shares in the company, valued at $2,169,558.54. The trade was a 7.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO William Chad Lenamon sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $67.79, for a total transaction of $67,790.00. Following the sale, the chief operating officer owned 90,918 shares of the company’s stock, valued at $6,163,331.22. This represents a 1.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,354 shares of company stock valued at $568,536 over the last ninety days. Company insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Kodiak Gas Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its stake in shares of Kodiak Gas Services by 52.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after purchasing an additional 364 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Kodiak Gas Services by 1,501.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after buying an additional 1,156 shares during the period. State of Wyoming raised its holdings in Kodiak Gas Services by 201.7% in the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after buying an additional 815 shares during the period. GAMMA Investing LLC lifted its position in Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after buying an additional 556 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Kodiak Gas Services by 80.4% in the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after buying an additional 646 shares during the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Stock Up 2.5%

Shares of NYSE KGS opened at $67.88 on Friday. The stock has a market cap of $6.03 billion, a PE ratio of 91.73, a P/E/G ratio of 0.93 and a beta of 0.89. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38. Kodiak Gas Services has a 12-month low of $30.06 and a 12-month high of $77.68. The company has a 50-day moving average of $70.30 and a 200 day moving average of $56.86.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Monday, May 11th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The business had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The business’s revenue was up 4.9% on a year-over-year basis. During the same period last year, the company posted $0.33 EPS. As a group, sell-side analysts predict that Kodiak Gas Services will post 2.36 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 264.86%.

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.