Brokerages Set Kodiak Gas Services, Inc. (NYSE:KGS) Price Target at $34.18

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have received an average rating of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $34.64.

Several research analysts have recently commented on KGS shares. Raymond James lifted their price target on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Barclays lifted their price target on Kodiak Gas Services from $29.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Mizuho started coverage on Kodiak Gas Services in a report on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 price target on the stock. Citigroup started coverage on Kodiak Gas Services in a report on Friday, September 27th. They set a “buy” rating and a $35.00 price target on the stock. Finally, Bank of America started coverage on Kodiak Gas Services in a report on Wednesday, September 18th. They set a “buy” rating and a $30.00 price target on the stock.

Kodiak Gas Services Trading Down 0.2 %

Shares of KGS opened at $35.77 on Friday. Kodiak Gas Services has a 52-week low of $17.50 and a 52-week high of $36.99. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The firm’s fifty day moving average is $30.78 and its two-hundred day moving average is $28.43. The stock has a market cap of $3.13 billion, a PE ratio of 123.34 and a beta of 0.79.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Monday, August 12th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.29). Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The business had revenue of $309.65 million for the quarter, compared to analyst estimates of $313.88 million. Research analysts forecast that Kodiak Gas Services will post 1.14 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a dividend of $0.41 per share. The ex-dividend date was Friday, November 1st. This represents a $1.64 dividend on an annualized basis and a yield of 4.58%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 565.52%.

Institutional Trading of Kodiak Gas Services

Institutional investors and hedge funds have recently bought and sold shares of the business. Security National Bank purchased a new stake in Kodiak Gas Services during the second quarter worth about $39,000. HWG Holdings LP purchased a new stake in Kodiak Gas Services during the second quarter worth about $40,000. nVerses Capital LLC increased its stake in Kodiak Gas Services by 90.9% during the second quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after purchasing an additional 1,000 shares during the period. SG Americas Securities LLC purchased a new stake in Kodiak Gas Services during the third quarter worth about $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Kodiak Gas Services by 115.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company’s stock worth $155,000 after purchasing an additional 3,045 shares during the period. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

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.