Kodiak Gas Services, Inc. (NYSE:KGS) Receives $30.33 Consensus PT from Brokerages

Kodiak Gas Services, Inc. (NYSE:KGS) has been assigned an average rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $30.33.

Several brokerages have recently weighed in on KGS. Barclays started coverage on shares of Kodiak Gas Services in a report on Wednesday, July 17th. They issued an “equal weight” rating and a $29.00 target price on the stock. Truist Financial upped their price objective on Kodiak Gas Services from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, May 10th. The Goldman Sachs Group raised their target price on Kodiak Gas Services from $27.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Royal Bank of Canada lifted their price target on shares of Kodiak Gas Services from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, May 20th. Finally, Raymond James upped their price target on Kodiak Gas Services from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th.

Hedge Funds Weigh In On Kodiak Gas Services

Hedge funds have recently bought and sold shares of the stock. Security National Bank acquired a new stake in shares of Kodiak Gas Services during the second quarter valued at $39,000. PNC Financial Services Group Inc. purchased a new stake in shares of Kodiak Gas Services during the fourth quarter worth about $46,000. nVerses Capital LLC grew its holdings in shares of Kodiak Gas Services by 90.9% during the second quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after buying an additional 1,000 shares in the last quarter. Parallel Advisors LLC acquired a new position in shares of Kodiak Gas Services in the fourth quarter valued at approximately $60,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Kodiak Gas Services during the fourth quarter valued at approximately $127,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Stock Performance

NYSE KGS opened at $26.83 on Friday. The firm has a market cap of $2.26 billion, a P/E ratio of 30.49 and a beta of 0.92. Kodiak Gas Services has a 52-week low of $16.72 and a 52-week high of $29.75. The business’s 50-day moving average price is $27.08 and its 200 day moving average price is $26.47. The company has a quick ratio of 0.76, a current ratio of 1.11 and a debt-to-equity ratio of 1.60.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Wednesday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. Kodiak Gas Services had a return on equity of 7.33% and a net margin of 7.15%. The business had revenue of $215.50 million for the quarter, compared to analyst estimates of $220.55 million. The business’s revenue was up 13.4% on a year-over-year basis. On average, equities research analysts expect that Kodiak Gas Services will post 1.81 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Monday, August 12th will be paid a $0.41 dividend. The ex-dividend date is Monday, August 12th. This represents a $1.64 dividend on an annualized basis and a yield of 6.11%. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.38. Kodiak Gas Services’s dividend payout ratio is presently 172.73%.

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.