Encompass Capital Advisors LLC Purchases New Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Encompass Capital Advisors LLC purchased a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the 4th quarter, Holdings Channel.com reports. The firm purchased 1,619,458 shares of the company’s stock, valued at approximately $66,122,000. Kodiak Gas Services makes up approximately 2.5% of Encompass Capital Advisors LLC’s investment portfolio, making the stock its 8th biggest holding.

Other large investors have also added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Kodiak Gas Services by 50.2% in the fourth quarter. FMR LLC now owns 7,342,296 shares of the company’s stock valued at $299,786,000 after purchasing an additional 2,452,492 shares in the last quarter. Vanguard Group Inc. raised its position in Kodiak Gas Services by 52.3% during the fourth quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company’s stock valued at $108,568,000 after purchasing an additional 913,104 shares during the period. Dimensional Fund Advisors LP lifted its position in Kodiak Gas Services by 1,154.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 681,641 shares of the company’s stock worth $27,832,000 after buying an additional 627,320 shares during the last quarter. Augustine Asset Management Inc. increased its position in Kodiak Gas Services by 1,761.2% during the fourth quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company’s stock valued at $26,141,000 after acquiring an additional 605,844 shares during the last quarter. Finally, Blackstone Inc. bought a new stake in shares of Kodiak Gas Services in the 4th quarter worth about $20,230,000. Institutional investors own 24.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on KGS. Citigroup increased their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Barclays decreased their price target on Kodiak Gas Services from $41.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Mizuho upped their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Truist Financial lifted their target price on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Finally, Royal Bank of Canada set a $45.00 price target on shares of Kodiak Gas Services and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $41.45.

Kodiak Gas Services Price Performance

Shares of KGS stock opened at $35.39 on Friday. The stock’s 50-day moving average is $35.24 and its 200 day moving average is $39.12. Kodiak Gas Services, Inc. has a 1-year low of $24.84 and a 1-year high of $50.43. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The company has a market cap of $3.14 billion, a P/E ratio of 122.04 and a beta of 1.59.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The firm had revenue of $329.64 million for the quarter, compared to the consensus estimate of $328.45 million. During the same quarter in the previous year, the firm earned $0.39 EPS. The company’s quarterly revenue was up 52.9% compared to the same quarter last year. Research analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a $0.45 dividend. The ex-dividend date is Monday, May 5th. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a yield of 5.09%. Kodiak Gas Services’s dividend payout ratio (DPR) is 339.62%.

Kodiak Gas Services 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.