Kodiak Gas Services (NYSE:KGS) Hits New 52-Week High – What’s Next?

Kodiak Gas Services, Inc. (NYSE:KGS)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $77.68 and last traded at $76.7420, with a volume of 103960 shares changing hands. The stock had previously closed at $75.89.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KGS. Royal Bank Of Canada upped their price target on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a report on Monday. Barclays upped their price target on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Citigroup upped their price target on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. The Goldman Sachs Group upped their price target on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.86.

Kodiak Gas Services Price Performance

The company’s fifty day moving average is $62.98 and its 200 day moving average is $48.36. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 99.82 and a beta of 1.01. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Monday, May 11th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. The business had revenue of $345.76 million during the quarter, compared to analysts’ expectations of $340.23 million. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The firm’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.33 earnings per share. On average, equities research analysts predict that Kodiak Gas Services, Inc. will post 2.35 EPS for the current year.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 18th will be paid a $0.49 dividend. The ex-dividend date is Monday, May 18th. This represents a $1.96 dividend on an annualized basis and a yield of 2.7%. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 264.86%.

Insider Transactions at Kodiak Gas Services

In related news, Director Alexander Newsom Darden acquired 5,000 shares of the company’s stock in a transaction dated Friday, March 13th. The shares were bought at an average cost of $54.75 per share, with a total value of $273,750.00. Following the completion of the transaction, the director directly owned 5,000 shares of the company’s stock, valued at $273,750. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Ewan William Hamilton sold 5,797 shares of the stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total transaction of $325,675.46. Following the completion of the transaction, the chief accounting officer directly owned 34,346 shares in the company, valued at $1,929,558.28. The trade was a 14.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have acquired 11,433 shares of company stock valued at $624,360 and have sold 58,673 shares valued at $3,269,110. 0.64% of the stock is owned by insiders.

Institutional Investors Weigh In On Kodiak Gas Services

A number of large investors have recently bought and sold shares of KGS. Royal Bank of Canada grew its stake in Kodiak Gas Services by 67.5% during the first quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock worth $382,000 after buying an additional 4,126 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Kodiak Gas Services by 64.9% in the 1st quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock valued at $793,000 after purchasing an additional 8,369 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Kodiak Gas Services by 44.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock valued at $1,000,000 after purchasing an additional 8,297 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Kodiak Gas Services by 58.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock valued at $73,979,000 after purchasing an additional 730,180 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Kodiak Gas Services by 102.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock valued at $3,548,000 after purchasing an additional 48,122 shares in 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.