Kodiak Gas Services, Inc. (NYSE:KGS) Receives $41.91 Average Price Target from Analysts

Shares of Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eleven analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $41.91.

A number of equities research analysts have weighed in on the company. Citigroup boosted their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Truist Financial raised their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Raymond James reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Barclays lowered their price target on Kodiak Gas Services from $44.00 to $41.00 and set an "equal weight" rating on the stock in a report on Friday, March 21st. Finally, Mizuho upped their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd.

Insiders Place Their Bets

In related 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 value 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 position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.27% of the company's stock.

Institutional Trading of Kodiak Gas Services

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Kodiak Gas Services by 17.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 198,410 shares of the company's stock worth $5,754,000 after buying an additional 29,611 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Kodiak Gas Services in the third quarter valued at about $242,000. Stifel Financial Corp acquired a new stake in shares of Kodiak Gas Services in the third quarter valued at approximately $425,000. State Street Corp increased its stake in shares of Kodiak Gas Services by 8.7% during the 3rd quarter. State Street Corp now owns 678,925 shares of the company's stock worth $19,689,000 after purchasing an additional 54,202 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of Kodiak Gas Services during the 3rd quarter worth approximately $44,558,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Stock Up 0.8 %

Shares of Kodiak Gas Services stock traded up $0.24 during trading hours on Wednesday, hitting $32.46. The company had a trading volume of 1,057,068 shares, compared to its average volume of 778,518. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The company's 50-day moving average is $39.12 and its two-hundred day moving average is $38.81. The company has a market cap of $2.88 billion, a P/E ratio of 111.95 and a beta of 1.52. Kodiak Gas Services has a twelve month low of $24.84 and a twelve month high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.15). Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The company had revenue of $309.52 million during the quarter, compared to analyst estimates of $323.82 million. Analysts anticipate that Kodiak Gas Services will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 5.05%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services's payout ratio is 277.97%.

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.