Analysts Set Kodiak Gas Services, Inc. (NYSE:KGS) Target Price at $34.18

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eleven analysts that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $34.18.

KGS has been the topic of several recent analyst reports. Barclays increased their target price on Kodiak Gas Services from $29.00 to $32.00 and gave the company an "equal weight" rating in a research note on Monday, October 7th. Truist Financial upped their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday. Mizuho assumed coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $36.00 price target for the company. Stifel Nicolaus increased their target price on Kodiak Gas Services from $31.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Finally, Redburn Atlantic assumed coverage on Kodiak Gas Services in a research report on Thursday, September 19th. They set a "buy" rating and a $35.00 target price for the company.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Blackstone Inc. grew its stake in Kodiak Gas Services by 1,358.3% during the 1st quarter. Blackstone Inc. now owns 644,231 shares of the company's stock worth $17,613,000 after buying an additional 600,055 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Kodiak Gas Services during the 1st quarter valued at about $11,544,000. HITE Hedge Asset Management LLC increased its position in Kodiak Gas Services by 74.8% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 780,600 shares of the company's stock valued at $21,279,000 after buying an additional 334,086 shares in the last quarter. American Century Companies Inc. increased its position in Kodiak Gas Services by 63.2% during the 2nd quarter. American Century Companies Inc. now owns 575,371 shares of the company's stock valued at $15,685,000 after buying an additional 222,830 shares in the last quarter. Finally, Pier Capital LLC acquired a new position in Kodiak Gas Services during the 2nd quarter valued at about $4,558,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Trading Up 0.8 %

NYSE KGS traded up $0.28 on Friday, hitting $34.83. The company's stock had a trading volume of 857,095 shares, compared to its average volume of 514,515. Kodiak Gas Services has a 52-week low of $16.86 and a 52-week high of $35.56. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.70. The company's 50-day simple moving average is $30.02 and its 200 day simple moving average is $28.21. The firm has a market cap of $2.94 billion, a P/E ratio of 120.10 and a beta of 0.79.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its earnings results on Monday, August 12th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.29). Kodiak Gas Services had a return on equity of 8.14% and a net margin of 2.23%. The firm had revenue of $309.65 million during the quarter, compared to the consensus estimate of $313.88 million. Research analysts predict that Kodiak Gas Services will post 1.15 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.64 annualized dividend and a yield of 4.71%. Kodiak Gas Services's payout ratio is currently 565.52%.

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.