Kodiak Gas Services, Inc. (NYSE:KGS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Kodiak Gas Services, Inc. (NYSE:KGS) has been given a consensus rating of “Moderate Buy” by the nine research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $44.8333.

A number of brokerages recently issued reports on KGS. Zacks Research downgraded Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. William Blair started coverage on shares of Kodiak Gas Services in a research note on Tuesday, November 18th. They issued an “outperform” rating for the company. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Mizuho dropped their target price on shares of Kodiak Gas Services from $47.00 to $44.00 and set an “outperform” rating for the company in a report on Wednesday, December 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th.

Kodiak Gas Services Trading Up 1.5%

Shares of NYSE:KGS opened at $36.73 on Friday. Kodiak Gas Services has a 52-week low of $29.25 and a 52-week high of $50.43. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 45.91 and a beta of 1.31. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.69 and a current ratio of 0.98. The stock’s 50-day simple moving average is $35.70 and its two-hundred day simple moving average is $34.71.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.14). The company had revenue of $322.74 million during the quarter, compared to analysts’ expectations of $328.23 million. Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the company earned ($0.07) earnings per share. Analysts expect that Kodiak Gas Services will post 1.12 EPS for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were given a dividend of $0.49 per share. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.45. This represents a $1.96 annualized dividend and a dividend yield of 5.3%. The ex-dividend date was Monday, November 3rd. Kodiak Gas Services’s dividend payout ratio (DPR) is 245.00%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KGS. Allworth Financial LP grew its holdings in Kodiak Gas Services by 1,850.0% during the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after buying an additional 703 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Kodiak Gas Services by 52.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after purchasing an additional 364 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Kodiak Gas Services by 1,501.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after purchasing an additional 1,156 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Kodiak Gas Services by 80.3% during the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after purchasing an additional 556 shares in the last quarter. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of Kodiak Gas Services in the second quarter worth about $51,000. 24.95% of the stock is owned by hedge funds and other institutional investors.

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.