Kodiak Gas Services, Inc. (NYSE:KGS) Receives $44.29 Average Price Target from Analysts

by · The Cerbat Gem

Shares of Kodiak Gas Services, Inc. (NYSE:KGS – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $44.2857.

A number of equities research analysts have commented on KGS shares. Royal Bank Of Canada increased their price objective on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday. Wall Street Zen cut Kodiak Gas Services from a “hold” rating to a “sell” rating in a research note on Saturday, December 13th. Mizuho dropped their target price on shares of Kodiak Gas Services from $47.00 to $44.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 3rd. Finally, Zacks Research lowered shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th.

Check Out Our Latest Stock Analysis on KGS

Kodiak Gas Services Stock Up 0.5%

Shares of NYSE KGS opened at $35.68 on Monday. Kodiak Gas Services has a 12-month low of $29.25 and a 12-month high of $50.43. The stock has a market cap of $3.09 billion, a P/E ratio of 44.60 and a beta of 1.33. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 2.08. The business’s fifty day simple moving average is $35.14 and its 200-day simple moving average is $34.44.

Kodiak Gas Services (NYSE:KGS – Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.14). The company had revenue of $322.74 million for the quarter, compared to analysts’ expectations of $328.23 million. Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.Kodiak Gas Services’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.07) EPS. As a group, equities analysts predict that Kodiak Gas Services will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Stockholders of record on Monday, November 3rd were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend was Monday, November 3rd. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.45. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 245.00%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KGS. Allworth Financial LP increased its holdings in shares of Kodiak Gas Services by 1,850.0% in the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after acquiring an additional 703 shares during the period. Quarry LP purchased a new position in Kodiak Gas Services during the 1st quarter worth $30,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Kodiak Gas Services during the 1st quarter worth $37,000. EverSource Wealth Advisors LLC grew its position in Kodiak Gas Services by 1,501.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Salem Investment Counselors Inc. acquired a new position in Kodiak Gas Services in the second quarter valued at $51,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Company Profile

(Get Free Report)

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.

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