Kodiak Gas Services, Inc. (NYSE:KGS) Given Average Rating of "Moderate Buy" by Brokerages

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eleven research firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $42.18.

Several brokerages have recently weighed in on KGS. Truist Financial upped their target price on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Tuesday. Barclays upped their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. Raymond James reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Royal Bank of Canada set a $45.00 target price on Kodiak Gas Services and gave the stock an "outperform" rating in a research report on Tuesday. Finally, The Goldman Sachs Group increased their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, November 26th.

Kodiak Gas Services Price Performance

KGS stock opened at $36.78 on Friday. The stock has a 50-day moving average price of $43.86 and a two-hundred day moving average price of $37.42. Kodiak Gas Services has a 12-month low of $24.83 and a 12-month high of $50.43. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The company has a market cap of $3.23 billion, a PE ratio of 126.81 and a beta of 1.30.

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Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.15). Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The company had revenue of $309.52 million during the quarter, compared to analysts' expectations of $323.82 million. As a group, research analysts predict that Kodiak Gas Services will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.46%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services's payout ratio is currently 277.97%.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the sale, the insider now owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by insiders.

Institutional Trading of Kodiak Gas Services

Several institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC raised its position in shares of Kodiak Gas Services by 444.4% during the 3rd quarter. FMR LLC now owns 4,889,804 shares of the company's stock worth $141,804,000 after purchasing an additional 3,991,630 shares during the period. Encompass Capital Advisors LLC acquired a new stake in shares of Kodiak Gas Services during the 4th quarter worth approximately $66,122,000. Zimmer Partners LP raised its position in shares of Kodiak Gas Services by 88.1% during the 4th quarter. Zimmer Partners LP now owns 3,347,700 shares of the company's stock worth $136,687,000 after purchasing an additional 1,567,849 shares during the period. Wellington Management Group LLP acquired a new stake in shares of Kodiak Gas Services during the 3rd quarter worth approximately $44,558,000. Finally, Vanguard Group Inc. raised its position in shares of Kodiak Gas Services by 52.3% during the 4th quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company's stock worth $108,568,000 after purchasing an additional 913,104 shares during the period. Institutional investors and hedge funds own 24.95% of the company's stock.

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.

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