Kodiak Gas Services (NYSE:KGS) Coverage Initiated by Analysts at William Blair

Stock analysts at William Blair started coverage on shares of Kodiak Gas Services (NYSE:KGS) in a note issued to investors on Tuesday,Benzinga reports. The brokerage set an “outperform” rating on the stock.

A number of other brokerages have also commented on KGS. Royal Bank Of Canada upped their price target on shares of Kodiak Gas Services from $42.00 to $43.00 and gave the company an “outperform” rating in a research note on Wednesday, August 13th. Weiss Ratings cut Kodiak Gas Services from a “buy (b-)” rating to a “hold (c)” rating in a report on Monday, November 10th. Zacks Research lowered Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Stifel Nicolaus set a $48.00 price target on Kodiak Gas Services in a research note on Thursday, November 6th. Finally, Barclays decreased their price objective on Kodiak Gas Services from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.38.

Kodiak Gas Services Trading Down 2.3%

Shares of Kodiak Gas Services stock opened at $32.94 on Tuesday. The business has a fifty day simple moving average of $34.79 and a two-hundred day simple moving average of $34.40. Kodiak Gas Services has a 1 year low of $29.25 and a 1 year high of $50.43. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of 41.17 and a beta of 1.31. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.98 and a quick ratio of 0.69.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.14). The company had revenue of $322.74 million during the quarter, compared to analyst estimates of $328.23 million. Kodiak Gas Services had a net margin of 5.84% and a return on equity of 10.37%. Kodiak Gas Services’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. Research analysts forecast that Kodiak Gas Services will post 1.12 EPS for the current year.

Kodiak Gas Services declared that its Board of Directors has approved a share buyback program on Monday, August 11th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 1.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Institutional Investors Weigh In On Kodiak Gas Services

Large investors have recently bought and sold shares of the company. Arizona State Retirement System increased its holdings in Kodiak Gas Services by 62.4% in the 1st quarter. Arizona State Retirement System now owns 13,775 shares of the company’s stock valued at $514,000 after buying an additional 5,293 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Kodiak Gas Services by 81.5% during the 1st quarter. New York State Common Retirement Fund now owns 14,034 shares of the company’s stock worth $523,000 after acquiring an additional 6,300 shares during the period. Victory Capital Management Inc. boosted its position in shares of Kodiak Gas Services by 44.9% during the 1st quarter. Victory Capital Management Inc. now owns 380,120 shares of the company’s stock worth $14,178,000 after acquiring an additional 117,791 shares in the last quarter. Kestra Private Wealth Services LLC boosted its position in shares of Kodiak Gas Services by 4.2% during the 1st quarter. Kestra Private Wealth Services LLC now owns 19,414 shares of the company’s stock worth $724,000 after acquiring an additional 780 shares in the last quarter. Finally, Montag A & Associates Inc. increased its stake in Kodiak Gas Services by 71.5% in the first quarter. Montag A & Associates Inc. now owns 2,062 shares of the company’s stock valued at $77,000 after acquiring an additional 860 shares during the last quarter. 24.95% of the stock is currently 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.