Analysts Set Kodiak Gas Services, Inc. (NYSE:KGS) PT at $79.25

Kodiak Gas Services, Inc. (NYSE:KGS) has received an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $78.75.

A number of equities analysts have recently weighed in on KGS shares. Weiss Ratings restated a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. Zacks Research raised shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Citigroup upped their price target on Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Wells Fargo & Company initiated coverage on shares of Kodiak Gas Services in a research note on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price target on the stock. Finally, Royal Bank Of Canada raised their target price on Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, May 18th.

Kodiak Gas Services Stock Down 3.6%

Kodiak Gas Services stock opened at $67.31 on Friday. Kodiak Gas Services has a 52-week low of $30.06 and a 52-week high of $77.68. The firm has a 50 day moving average price of $70.39 and a two-hundred day moving average price of $57.32. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 90.96, a PEG ratio of 0.98 and a beta of 0.89. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.99 and a current ratio of 1.28.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The firm had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The company’s revenue was up 4.9% compared to the same quarter last year. Equities analysts predict that Kodiak Gas Services will post 2.36 EPS for the current year.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were issued a $0.49 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.9%. Kodiak Gas Services’s dividend payout ratio is presently 264.86%.

Key Stories Impacting Kodiak Gas Services

Here are the key news stories impacting Kodiak Gas Services this week:

• Positive Sentiment: Kodiak Gas Services announced a multi-year agreement with Baker Hughes to support data center power needs, a deal that could expand revenue opportunities and position the company for growth in a fast-growing end market. Article Title
• Positive Sentiment: Several articles highlighted that investors are reacting favorably to the Baker Hughes partnership, suggesting the market sees the deal as a potential catalyst for Kodiak Gas Services shares. Article Title
• Neutral Sentiment: Barclays lowered its price target on KGS to $72 from $76, but kept an overweight rating, indicating analysts still see upside even after trimming expectations. Article Title
• Neutral Sentiment: Insider trading news showed EVP Cory Anne Roclawski sold 4,169 shares, which can weigh on sentiment somewhat, though the sale was relatively modest versus her remaining stake. Article Title

Insider Transactions at Kodiak Gas Services

In related news, CAO Ewan William Hamilton sold 2,729 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $68.62, for a total transaction of $187,263.98. Following the transaction, the chief accounting officer directly owned 31,617 shares of the company’s stock, valued at approximately $2,169,558.54. This trade represents a 7.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Cory Anne Roclawski sold 4,169 shares of the stock in a transaction that occurred on Wednesday, July 8th. The shares were sold at an average price of $68.36, for a total value of $284,992.84. Following the sale, the executive vice president directly owned 24,662 shares of the company’s stock, valued at approximately $1,685,894.32. This trade represents a 14.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 12,523 shares of company stock worth $853,529. Company insiders own 0.64% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp lifted its stake in shares of Kodiak Gas Services by 0.9% in the 4th quarter. Van ECK Associates Corp now owns 23,640 shares of the company’s stock valued at $884,000 after purchasing an additional 209 shares during the period. United Advisor Group LLC raised its holdings in Kodiak Gas Services by 2.0% in the fourth quarter. United Advisor Group LLC now owns 15,817 shares of the company’s stock worth $592,000 after purchasing an additional 304 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Kodiak Gas Services by 29.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,545 shares of the company’s stock worth $90,000 after purchasing an additional 352 shares in the last quarter. Comerica Bank lifted its position in Kodiak Gas Services by 1.8% during the fourth quarter. Comerica Bank now owns 20,499 shares of the company’s stock valued at $767,000 after buying an additional 357 shares during the period. Finally, Nisa Investment Advisors LLC lifted its position in Kodiak Gas Services by 52.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after buying an additional 364 shares during the period. Hedge funds and other institutional investors own 24.95% of the company’s stock.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.