Kodiak Gas Services (NYSE:KGS) Reaches New 12-Month High – What’s Next?

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

Analyst Ratings Changes

Several analysts have issued reports on KGS shares. Mizuho upped their price target on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Zacks Research lowered shares of Kodiak Gas Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. The Goldman Sachs Group upped their price objective on Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. Finally, Royal Bank Of Canada upped their price objective on Kodiak Gas Services from $45.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.57.

Kodiak Gas Services Price Performance

The company has a market capitalization of $5.29 billion, a P/E ratio of 70.84, a price-to-earnings-growth ratio of 0.89 and a beta of 0.96. The company’s 50-day moving average price is $55.57 and its two-hundred day moving average price is $43.03. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.13). The company had revenue of $332.87 million during the quarter, compared to the consensus estimate of $330.95 million. Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. Kodiak Gas Services’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 earnings per share. As a group, sell-side analysts expect that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.2%. Kodiak Gas Services’s dividend payout ratio is presently 225.29%.

Insider Activity at Kodiak Gas Services

In other news, EVP Cory Anne Roclawski sold 21,161 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $56.52, for a total transaction of $1,196,019.72. Following the transaction, the executive vice president owned 42,257 shares in the company, valued at approximately $2,388,365.64. This trade represents a 33.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pedro R. Buhigas sold 13,942 shares of the stock in a transaction that occurred 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 transaction, the insider owned 42,723 shares in the company, valued at approximately $2,380,952.79. This trade represents a 24.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have purchased 11,433 shares of company stock valued at $624,360 and have sold 58,673 shares valued at $3,269,110. 0.64% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kodiak Gas Services

A number of hedge funds have recently bought and sold shares of KGS. Royal Bank of Canada increased its position in Kodiak Gas Services by 67.5% during the first quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock worth $382,000 after acquiring an additional 4,126 shares during the period. AQR Capital Management LLC increased its position in Kodiak Gas Services by 64.9% during the first quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock worth $793,000 after acquiring 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 first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock worth $1,000,000 after acquiring an additional 8,297 shares during the period. Goldman Sachs Group Inc. increased its position in Kodiak Gas Services by 58.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock worth $73,979,000 after acquiring 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 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 acquiring an additional 48,122 shares during the period. 24.95% of the stock is 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.