Kodiak Gas Services (NYSE:KGS) Reaches New 52-Week High at $29.76

Shares of Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as $29.76 and last traded at $29.39, with a volume of 105583 shares traded. The stock had previously closed at $28.67.

Wall Street Analyst Weigh In

KGS has been the subject of several analyst reports. Stifel Nicolaus increased their price target on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Bank of America started coverage on Kodiak Gas Services in a research report on Wednesday. They issued a "buy" rating and a $30.00 price objective for the company. Truist Financial lifted their target price on Kodiak Gas Services from $32.00 to $35.00 and gave the company a "buy" rating in a research report on Thursday, August 15th. Redburn Atlantic began coverage on Kodiak Gas Services in a report on Thursday. They set a "buy" rating and a $35.00 price target for the company. Finally, Barclays initiated coverage on Kodiak Gas Services in a research report on Wednesday, July 17th. They set an "equal weight" rating and a $29.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Kodiak Gas Services has a consensus rating of "Moderate Buy" and an average target price of $31.78.

Kodiak Gas Services Price Performance

The company has a debt-to-equity ratio of 1.70, a current ratio of 1.05 and a quick ratio of 0.70. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 32.58 and a beta of 0.90. The stock has a 50 day moving average price of $27.29 and a two-hundred day moving average price of $27.08.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its earnings results on Monday, August 12th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.29). The firm had revenue of $309.65 million during the quarter, compared to analyst estimates of $313.88 million. Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. As a group, analysts expect that Kodiak Gas Services, Inc. will post 1.15 EPS for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were paid a dividend of $0.41 per share. This is an increase from Kodiak Gas Services's previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend was Monday, August 12th. Kodiak Gas Services's dividend payout ratio is presently 186.36%.

Institutional Trading of Kodiak Gas Services

Several hedge funds have recently modified their holdings of the stock. Security National Bank acquired a new stake in Kodiak Gas Services in the 2nd quarter valued at about $39,000. HWG Holdings LP acquired a new stake in Kodiak Gas Services in the second quarter valued at approximately $40,000. PNC Financial Services Group Inc. purchased a new position in Kodiak Gas Services in the fourth quarter worth approximately $46,000. nVerses Capital LLC grew its holdings in Kodiak Gas Services by 90.9% during the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock worth $57,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Parallel Advisors LLC acquired a new stake in shares of Kodiak Gas Services in the 4th quarter valued at $60,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

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.