Kodiak Gas Services, Inc. (NYSE:KGS) Stock Has Consensus Target Price of $79.18

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have earned a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $76.50.

A number of research analysts have weighed in on KGS shares. Mizuho reduced their target price on Kodiak Gas Services from $72.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday. JPMorgan Chase & Co. lowered their price target on shares of Kodiak Gas Services from $79.00 to $78.00 and set an “overweight” rating on the stock in a report on Thursday, October 8th. Royal Bank Of Canada lowered their price target on shares of Kodiak Gas Services from $82.00 to $78.00 and set an “outperform” rating on the stock in a report on Tuesday. Jefferies Financial Group cut their price objective on shares of Kodiak Gas Services from $53.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Zacks Research cut shares of Kodiak Gas Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 27th.

Kodiak Gas Services Trading Up 3.6%

NYSE:KGS opened at $43.76 on Thursday. Kodiak Gas Services has a 1 year low of $32.55 and a 1 year high of $77.68. The stock’s fifty day moving average price is $51.95 and its two-hundred day moving average price is $59.14. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.31 and a quick ratio of 1.15. The company has a market cap of $4.44 billion, a P/E ratio of 18.87, a P/E/G ratio of 0.69 and a beta of 1.07.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Monday, November 9th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.08. Kodiak Gas Services had a return on equity of 12.62% and a net margin of 11.28%. The company had revenue of $401.79 million during the quarter, compared to analysts’ expectations of $387.50 million. During the same period in the previous year, the business earned $0.36 earnings per share. The firm’s quarterly revenue was up 24.5% compared to the same quarter last year. As a group, analysts expect that Kodiak Gas Services will post 2.46 EPS for the current year.

Kodiak Gas Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be paid a $0.51 dividend. The ex-dividend date is Monday, November 16th. This represents a $2.04 annualized dividend and a yield of 4.7%. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.49. Kodiak Gas Services’s dividend payout ratio is currently 114.62%.

Insider Buying and Selling at Kodiak Gas Services

In other news, insider Pedro R. Buhigas sold 3,663 shares of the company’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $58.14, for a total value of $212,966.82. Following the transaction, the insider owned 32,413 shares of the company’s stock, valued at approximately $1,884,491.82. This represents a 10.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO William Lenamon sold 1,000 shares of the stock in a transaction on Monday, October 12th. The stock was sold at an average price of $53.25, for a total value of $53,250.00. Following the completion of the sale, the chief operating officer owned 84,294 shares in the company, valued at $4,488,655.50. This trade represents a 1.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,002 shares of company stock valued at $1,325,334 in the last three months. Company insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Kodiak Gas Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisors Preferred LLC purchased a new stake in shares of Kodiak Gas Services in the 2nd quarter valued at about $1,986,000. Hsbc Holdings PLC purchased a new position in shares of Kodiak Gas Services during the second quarter worth about $2,486,000. Crown Advisors Management Inc. purchased a new position in shares of Kodiak Gas Services during the second quarter worth about $4,508,000. Copeland Capital Management LLC grew its holdings in shares of Kodiak Gas Services by 39.2% during the third quarter. Copeland Capital Management LLC now owns 662,857 shares of the company’s stock worth $35,112,000 after purchasing an additional 186,822 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Kodiak Gas Services in the second quarter worth approximately $882,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

About Kodiak Gas Services

Kodiak Gas Services provides contract natural gas compression services to energy companies in the United States. Its equipment helps move natural gas from production sites through gathering and processing systems and into pipelines. The company supplies, installs, operates and maintains compression equipment, including large-horsepower compressor units. Its services support natural gas production and transportation across major U.S. oil and gas regions. Based in The Woodlands, Texas, Kodiak became a publicly traded company in 2023.