Kodiak Gas Services (NYSE:KGS) Given New $45.00 Price Target at Mizuho

Kodiak Gas Services (NYSE:KGS) had its price objective lowered by Mizuho from $46.00 to $45.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other brokerages also recently commented on KGS. Royal Bank of Canada set a $45.00 price objective on Kodiak Gas Services and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. Barclays cut their price objective on Kodiak Gas Services from $41.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Raymond James reissued an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Finally, Truist Financial upped their price target on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Kodiak Gas Services has a consensus rating of “Moderate Buy” and a consensus price target of $40.55.

Kodiak Gas Services Trading Down 0.4%

KGS stock opened at $35.37 on Tuesday. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. Kodiak Gas Services has a twelve month low of $24.84 and a twelve month high of $50.43. The company has a market cap of $3.14 billion, a P/E ratio of 121.97 and a beta of 1.59. The business has a fifty day moving average of $35.17 and a 200-day moving average of $39.42.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Wednesday, May 7th. The company reported $0.42 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 during the quarter, compared to analyst estimates of $328.45 million. During the same quarter in the previous year, the business earned $0.39 EPS. The business’s quarterly revenue was up 52.9% compared to the same quarter last year. As a group, equities research analysts expect that Kodiak Gas Services will post 1.12 EPS for the current year.

Kodiak Gas Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend was Monday, May 5th. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.41. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 339.62%.

Institutional Trading of Kodiak Gas Services

Several hedge funds have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Kodiak Gas Services by 102.4% during the first 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 purchasing an additional 48,122 shares during the period. Zimmer Partners LP grew its position in Kodiak Gas Services by 14.2% in the 1st quarter. Zimmer Partners LP now owns 3,824,063 shares of the company’s stock valued at $142,638,000 after purchasing an additional 476,363 shares during the period. Great Lakes Advisors LLC increased its position in shares of Kodiak Gas Services by 48.9% during the first quarter. Great Lakes Advisors LLC now owns 13,429 shares of the company’s stock worth $501,000 after acquiring an additional 4,412 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings 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 purchasing an additional 730,180 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its holdings in shares of Kodiak Gas Services by 11.2% in the first quarter. Dynamic Technology Lab Private Ltd now owns 7,820 shares of the company’s stock valued at $292,000 after purchasing an additional 790 shares during the last quarter. Institutional investors own 24.95% of the company’s stock.

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.