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

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have been given an average rating of “Moderate Buy” by the eleven brokerages that are currently 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 twelve-month price target among brokers that have issued ratings on the stock in the last year is $41.91.

A number of research firms recently commented on KGS. Truist Financial boosted their price target on Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Royal Bank of Canada set a $45.00 price target on shares of Kodiak Gas Services and gave the stock an “outperform” rating in a report on Tuesday, March 11th. Mizuho increased their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Barclays lowered their price objective on shares of Kodiak Gas Services from $44.00 to $41.00 and set an “equal weight” rating for the company in a research report on Friday, March 21st. Finally, Citigroup upped their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th.

Insider Activity at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the sale, the insider now directly owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. The trade was a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.27% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kodiak Gas Services

Several hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its stake in shares of Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after acquiring an additional 342 shares during the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in Kodiak Gas Services by 3.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company’s stock valued at $371,000 after purchasing an additional 405 shares during the period. U.S. Capital Wealth Advisors LLC raised its position in Kodiak Gas Services by 1.6% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company’s stock worth $1,323,000 after purchasing an additional 500 shares during the last quarter. United Advisor Group LLC lifted its holdings in Kodiak Gas Services by 4.4% during the 4th quarter. United Advisor Group LLC now owns 12,281 shares of the company’s stock worth $501,000 after buying an additional 519 shares during the period. Finally, Amalgamated Bank lifted its holdings in Kodiak Gas Services by 112.6% during the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock worth $45,000 after buying an additional 588 shares during the period. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Kodiak Gas Services Stock Up 0.8 %

NYSE KGS opened at $32.46 on Wednesday. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 111.95 and a beta of 1.52. Kodiak Gas Services has a 1-year low of $24.84 and a 1-year high of $50.43. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The company has a 50 day moving average of $39.12 and a 200-day moving average of $38.74.

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

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend 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.