Kodiak Gas Services, Inc. (NYSE:KGS) Receives $26.14 Average Target Price from Brokerages

Kodiak Gas Services, Inc. (NYSE:KGS) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $26.14.

A number of research analysts have weighed in on the company. Raymond James raised their price target on Kodiak Gas Services from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. JPMorgan Chase & Co. raised their price target on Kodiak Gas Services from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Finally, The Goldman Sachs Group raised their price target on Kodiak Gas Services from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th.

Kodiak Gas Services Trading Up 1.0 %

Shares of Kodiak Gas Services stock opened at $27.89 on Wednesday. The business’s 50 day simple moving average is $26.48 and its 200 day simple moving average is $22.01. Kodiak Gas Services has a 52-week low of $15.05 and a 52-week high of $29.00. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.73.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $225.98 million during the quarter, compared to analyst estimates of $224.45 million. On average, equities research analysts forecast that Kodiak Gas Services will post 1.82 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 16th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.52 annualized dividend and a dividend yield of 5.45%.

Insider Transactions at Kodiak Gas Services

In other Kodiak Gas Services news, Director Margaret C. Montana bought 2,000 shares of Kodiak Gas Services stock in a transaction dated Tuesday, March 12th. The stock was bought at an average cost of $25.25 per share, for a total transaction of $50,500.00. Following the purchase, the director now owns 16,375 shares of the company’s stock, valued at approximately $413,468.75. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KGS. Amalgamated Bank bought a new stake in Kodiak Gas Services in the 3rd quarter valued at $32,000. PNC Financial Services Group Inc. bought a new stake in Kodiak Gas Services in the 4th quarter valued at $46,000. Barclays PLC bought a new stake in Kodiak Gas Services in the 3rd quarter valued at $53,000. Parallel Advisors LLC bought a new stake in Kodiak Gas Services in the 4th quarter valued at $60,000. Finally, Strs Ohio bought a new stake in Kodiak Gas Services in the 3rd quarter valued at $57,000. 24.95% of the stock is currently owned by 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.