Shares of Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $32.73.
A number of research analysts recently commented on the stock. Citigroup began coverage on shares of Kodiak Gas Services in a research note on Friday, September 27th. They issued a "buy" rating and a $35.00 price target on the stock. Truist Financial lifted their price target on Kodiak Gas Services from $32.00 to $35.00 and gave the stock a "buy" rating in a report on Thursday, August 15th. Barclays upped their price objective on Kodiak Gas Services from $29.00 to $32.00 and gave the company an "equal weight" rating in a report on Monday, October 7th. Mizuho initiated coverage on Kodiak Gas Services in a report on Wednesday, October 2nd. They set an "outperform" rating and a $36.00 target price for the company. Finally, Royal Bank of Canada raised their price target on shares of Kodiak Gas Services from $30.00 to $31.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 21st.
View Our Latest Report on Kodiak Gas Services
Shares of KGS stock opened at $31.04 on Wednesday. Kodiak Gas Services has a 52-week low of $16.72 and a 52-week high of $32.77. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.70 and a current ratio of 1.05. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 35.27 and a beta of 0.89. The firm's 50-day moving average is $28.19 and its 200-day moving average is $27.60.
Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.29). Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. The business had revenue of $309.65 million during the quarter, compared to the consensus estimate of $313.88 million. Sell-side analysts predict that Kodiak Gas Services will post 1.15 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were given 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 dividend yield of 5.28%. The ex-dividend date of this dividend was Monday, August 12th. Kodiak Gas Services's dividend payout ratio is currently 186.36%.
A number of hedge funds have recently made changes to their positions in KGS. Viking Fund Management LLC acquired a new position in shares of Kodiak Gas Services during the third quarter worth $1,740,000. Exchange Traded Concepts LLC increased its holdings in Kodiak Gas Services by 28.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 31,880 shares of the company's stock worth $925,000 after purchasing an additional 6,984 shares in the last quarter. SG Americas Securities LLC bought a new position in Kodiak Gas Services in the third quarter valued at about $125,000. HWG Holdings LP bought a new stake in shares of Kodiak Gas Services during the second quarter worth about $40,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Kodiak Gas Services in the second quarter valued at approximately $328,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.
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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