Kodiak Gas Services (NYSE:KGS) Sees Large Volume Increase - Time to Buy?

Shares of Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) saw an uptick in trading volume on Friday . 753,785 shares were traded during trading, an increase of 45% from the previous session's volume of 520,351 shares.The stock last traded at $35.71 and had previously closed at $35.80.

Analyst Ratings Changes

Several equities research analysts have recently commented on KGS shares. Stifel Nicolaus boosted their price target on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the company a "buy" rating in a report on Wednesday, August 14th. Royal Bank of Canada increased their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Monday. Citigroup began coverage on Kodiak Gas Services in a report on Friday, September 27th. They issued a "buy" rating and a $35.00 price target on the stock. Bank of America assumed coverage on Kodiak Gas Services in a research note on Wednesday, September 18th. They set a "buy" rating and a $30.00 price objective for the company. Finally, Truist Financial boosted their target price on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $34.64.

Kodiak Gas Services Stock Up 1.8 %

The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 125.66 and a beta of 0.79. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The business's 50 day moving average is $30.97 and its 200 day moving average is $28.49.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.29). The company had revenue of $309.65 million for the quarter, compared to analyst estimates of $313.88 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. Sell-side analysts anticipate that Kodiak Gas Services, Inc. will post 1.21 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a dividend of $0.41 per share. The ex-dividend date was Friday, November 1st. This represents a $1.64 annualized dividend and a yield of 4.50%. Kodiak Gas Services's payout ratio is presently 565.54%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KGS. FMR LLC increased its holdings in Kodiak Gas Services by 444.4% in the 3rd quarter. FMR LLC now owns 4,889,804 shares of the company's stock worth $141,804,000 after buying an additional 3,991,630 shares during the period. Zimmer Partners LP raised its holdings in shares of Kodiak Gas Services by 313.0% during the third quarter. Zimmer Partners LP now owns 1,779,851 shares of the company's stock worth $51,616,000 after purchasing an additional 1,348,899 shares during the last quarter. Wellington Management Group LLP acquired a new position in Kodiak Gas Services during the third quarter valued at $44,558,000. HITE Hedge Asset Management LLC boosted its holdings in Kodiak Gas Services by 74.8% in the second quarter. HITE Hedge Asset Management LLC now owns 780,600 shares of the company's stock valued at $21,279,000 after purchasing an additional 334,086 shares during the last quarter. Finally, State Street Corp grew its position in 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 during the period. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

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.