Kodiak Gas Services (NYSE:KGS) Sets New 52-Week High – Should You Buy?

Kodiak Gas Services, Inc. (NYSE:KGS)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $49.44 and last traded at $49.2850, with a volume of 136679 shares changing hands. The stock had previously closed at $47.31.

Wall Street Analysts Forecast Growth

KGS has been the subject of a number of recent analyst reports. Barclays boosted their target price on shares of Kodiak Gas Services from $42.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday. Royal Bank Of Canada upped their target price on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Citigroup restated a “buy” rating on shares of Kodiak Gas Services in a report on Friday. Finally, William Blair began coverage on Kodiak Gas Services in a research report on Tuesday, November 18th. They set an “outperform” rating for the company. Eight analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Kodiak Gas Services has an average rating of “Moderate Buy” and an average price target of $46.00.

Kodiak Gas Services Stock Performance

The company has a market cap of $4.30 billion, a P/E ratio of 62.19 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. The business has a 50-day moving average of $37.78 and a two-hundred day moving average of $35.55.

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

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, February 13th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, February 13th. Kodiak Gas Services’s payout ratio is currently 245.00%.

Institutional Investors Weigh In On Kodiak Gas Services

Large investors have recently modified their holdings of the business. Covestor Ltd boosted its position in Kodiak Gas Services by 86.1% during the fourth quarter. Covestor Ltd now owns 3,560 shares of the company’s stock worth $133,000 after purchasing an additional 1,647 shares in the last quarter. ProShare Advisors LLC grew its stake in Kodiak Gas Services by 29.5% during the 4th quarter. ProShare Advisors LLC now owns 16,404 shares of the company’s stock worth $614,000 after buying an additional 3,737 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of Kodiak Gas Services by 40.5% in the 4th quarter. HighTower Advisors LLC now owns 57,699 shares of the company’s stock worth $2,158,000 after acquiring an additional 16,619 shares during the period. Hiddenite Capital Partners LP acquired a new stake in shares of Kodiak Gas Services in the 4th quarter worth approximately $11,220,000. Finally, Thrivent Financial for Lutherans grew its position in shares of Kodiak Gas Services by 15.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 73,163 shares of the company’s stock valued at $2,736,000 after purchasing an additional 9,631 shares during the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Company Profile

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.