Kodiak Gas Services, Inc. (NYSE:KGS) Receives $79.50 Consensus Target Price from Analysts

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have been assigned an average rating of “Moderate Buy” from the twelve brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $79.3333.

Several equities analysts have weighed in on KGS shares. Royal Bank Of Canada lifted their target price on Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, May 18th. Wells Fargo & Company started coverage on shares of Kodiak Gas Services in a research report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price target on the stock. Citigroup raised their price objective on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Stifel Nicolaus lifted their price objective on shares of Kodiak Gas Services from $84.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, The Goldman Sachs Group lifted their price objective on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a report on Friday, May 15th.

Insider Buying and Selling at Kodiak Gas Services

In related news, EVP Cory Anne Roclawski sold 4,169 shares of Kodiak Gas Services stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $68.36, for a total value of $284,992.84. Following the completion of the transaction, the executive vice president directly owned 24,662 shares in the company, valued at approximately $1,685,894.32. This trade represents a 14.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Ewan William Hamilton sold 2,729 shares of Kodiak Gas Services stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $68.62, for a total value of $187,263.98. Following the completion of the transaction, the chief accounting officer 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 13,523 shares of company stock worth $921,319. 0.64% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kodiak Gas Services

Large investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC boosted its stake in shares of Kodiak Gas Services by 52.1% in the 4th 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. EverSource Wealth Advisors LLC increased its stake in shares of Kodiak Gas Services by 1,501.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after buying an additional 1,156 shares during the period. State of Wyoming raised its holdings in Kodiak Gas Services by 201.7% in the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after acquiring an additional 815 shares in the last quarter. GAMMA Investing LLC raised its holdings in Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after acquiring an additional 556 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Kodiak Gas Services by 80.4% in the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock worth $54,000 after acquiring an additional 646 shares during the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Stock Down 0.8%

Shares of NYSE KGS opened at $58.23 on Tuesday. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38. The business’s 50 day moving average is $67.05 and its two-hundred day moving average is $60.45. Kodiak Gas Services has a 52-week low of $30.06 and a 52-week high of $77.68. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 78.68, a PEG ratio of 0.87 and a beta of 0.98.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Monday, May 11th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. The business had revenue of $345.76 million during the quarter, compared to analyst estimates of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The company’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period last year, the business posted $0.33 earnings per share. Research analysts predict that Kodiak Gas Services will post 2.41 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 264.86%.

Kodiak Gas Services Company Profile

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.