Kodiak Gas Services (NYSE:KGS) Hits New 12-Month High – Should You Buy?

Kodiak Gas Services, Inc. (NYSE:KGS)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $62.85 and last traded at $62.6960, with a volume of 1443753 shares. The stock had previously closed at $60.77.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Citigroup upped their price objective on Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Mizuho upped their price objective on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. The Goldman Sachs Group upped their price objective on Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Royal Bank Of Canada upped their price objective on Kodiak Gas Services from $45.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and an average target price of $54.57.

Kodiak Gas Services Trading Up 3.2%

The business has a 50 day moving average of $54.79 and a two-hundred day moving average of $42.73. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 2.12. The firm has a market cap of $5.39 billion, a P/E ratio of 72.06 and a beta of 0.96.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The business had revenue of $332.87 million during the quarter, compared to the consensus estimate of $330.95 million. During the same quarter last year, the company posted $0.21 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. Analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, February 13th. Kodiak Gas Services’s dividend payout ratio is 225.29%.

Insiders Place Their Bets

In related news, insider Pedro R. Buhigas sold 13,942 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $55.73, for a total value of $776,987.66. Following the sale, the insider owned 42,723 shares in the company, valued at approximately $2,380,952.79. This represents a 24.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Cory Anne Roclawski sold 10,852 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $54.41, for a total value of $590,457.32. Following the completion of the sale, the executive vice president owned 31,405 shares in the company, valued at approximately $1,708,746.05. This trade represents a 25.68% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have purchased 11,433 shares of company stock worth $624,360 and have sold 58,673 shares worth $3,269,110. Insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Kodiak Gas Services

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in Kodiak Gas Services by 67.5% during the 1st quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock worth $382,000 after buying an additional 4,126 shares during the period. AQR Capital Management LLC increased its position in Kodiak Gas Services by 64.9% during the 1st quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock worth $793,000 after buying an additional 8,369 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Kodiak Gas Services by 44.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock worth $1,000,000 after buying an additional 8,297 shares during the period. Goldman Sachs Group Inc. increased its position in Kodiak Gas Services by 58.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock worth $73,979,000 after buying an additional 730,180 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Kodiak Gas Services by 102.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock worth $3,548,000 after buying an additional 48,122 shares during the period. 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.