Kodiak Gas Services, Inc. (NYSE:KGS) Stock Has Average Price Target of $77.50

by · The Cerbat Gem

Kodiak Gas Services, Inc. (NYSE:KGS – Get Free Report) has received an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $80.30.

Several research analysts have recently issued reports on the company. Royal Bank Of Canada upped their price objective on Kodiak Gas Services from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Jefferies Financial Group dropped their price objective on shares of Kodiak Gas Services from $69.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Barclays cut their target price on shares of Kodiak Gas Services from $72.00 to $67.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. Mizuho set a $72.00 target price on shares of Kodiak Gas Services in a report on Monday. Finally, Stifel Nicolaus upped their price target on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th.

Check Out Our Latest Analysis on KGS

Insiders Place Their Bets

In other Kodiak Gas Services news, CEO Robert McKee sold 6,008 shares of Kodiak Gas Services stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $62.39, for a total transaction of $374,839.12. Following the transaction, the chief executive officer directly owned 298,589 shares of the company’s stock, valued at approximately $18,628,967.71. The trade was a 1.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO William Lenamon sold 1,000 shares of the stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $53.25, for a total value of $53,250.00. Following the completion of the sale, the chief operating officer directly owned 84,294 shares of the company’s stock, valued at approximately $4,488,655.50. The trade was a 1.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 20,336 shares of company stock valued at $1,203,897. 0.64% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Preferred LLC bought a new position in shares of Kodiak Gas Services during the 2nd quarter worth about $1,986,000. Hsbc Holdings PLC acquired a new stake in shares of Kodiak Gas Services in the 2nd quarter valued at about $2,486,000. Crown Advisors Management Inc. bought a new stake in Kodiak Gas Services in the 2nd quarter valued at about $4,508,000. Dimensional Fund Advisors LP increased its position in Kodiak Gas Services by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock valued at $181,108,000 after buying an additional 135,998 shares in the last quarter. Finally, Maven Securities LTD increased its position in Kodiak Gas Services by 694.0% in the 4th quarter. Maven Securities LTD now owns 100,000 shares of the company’s stock valued at $3,740,000 after buying an additional 87,406 shares in the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Trading Down 0.9%

Shares of KGS stock opened at $52.01 on Friday. Kodiak Gas Services has a twelve month low of $32.55 and a twelve month high of $77.68. The stock’s fifty day simple moving average is $58.33 and its 200 day simple moving average is $63.63. The company has a quick ratio of 1.15, a current ratio of 1.45 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $5.27 billion, a P/E ratio of 27.63 and a beta of 1.01.

Kodiak Gas Services (NYSE:KGS – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.12). Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. The firm had revenue of $391.12 million during the quarter, compared to the consensus estimate of $386.30 million. During the same quarter in the prior year, the business posted $0.43 earnings per share. Kodiak Gas Services’s revenue for the quarter was up 21.2% compared to the same quarter last year. As a group, sell-side analysts predict that Kodiak Gas Services will post 2.46 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 17th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, August 17th. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 233.33%.

Kodiak Gas Services Company Profile

(Get Free Report)

Kodiak Gas Services, Inc (NYSE:KGS) provides contract natural gas compression services in the United States. The company helps oil and gas producers and midstream operators move natural gas through gathering systems, processing facilities, pipelines and other infrastructure by supplying and operating compression equipment.

Its services include the design, installation, commissioning, operation, maintenance and relocation of natural gas compression systems. Kodiak owns and manages a fleet of compressors that can be deployed for a range of applications, including gathering, processing, storage and transmission.

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