Kodiak Gas Services (NYSE:KGS) Reaches New 12-Month High – Still a Buy?
by Teresa Graham · The Cerbat GemKodiak Gas Services, Inc. (NYSE:KGS – Get Free Report)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $60.20 and last traded at $60.3430, with a volume of 222542 shares changing hands. The stock had previously closed at $59.17.
Analysts Set New Price Targets
A number of research analysts have issued reports on KGS shares. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. The Goldman Sachs Group lifted their price target on Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Barclays upped their price target on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, March 5th. Citigroup raised their price objective on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Finally, Royal Bank Of Canada raised their price target on shares of Kodiak Gas Services from $45.00 to $64.00 and gave the company an “outperform” rating in a research report on Thursday, March 19th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.57.
Get Our Latest Stock Report on Kodiak Gas Services
Kodiak Gas Services Stock Up 1.8%
The company’s 50-day simple moving average is $53.20 and its two-hundred day simple moving average is $42.01. The firm has a market capitalization of $5.17 billion, a P/E ratio of 69.24 and a beta of 0.96. 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 – Get Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The company had revenue of $332.87 million during the quarter, compared to the consensus estimate of $330.95 million. During the same period in the prior year, the business posted $0.21 earnings per share. Kodiak Gas Services’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, research analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.
Kodiak Gas Services Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, February 13th. Kodiak Gas Services’s dividend payout ratio is currently 225.29%.
Insider Activity
In other news, EVP Cory Anne Roclawski sold 10,852 shares of Kodiak Gas Services stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $54.41, for a total value of $590,457.32. Following the transaction, the executive vice president owned 31,405 shares of the company’s stock, valued at $1,708,746.05. The trade was a 25.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alexander Newsom Darden acquired 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average price of $54.75 per share, with a total value of $273,750.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at $273,750. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety 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. Insiders own 0.64% of the company’s stock.
Hedge Funds Weigh In On Kodiak Gas Services
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in shares of Kodiak Gas Services by 52.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after purchasing an additional 364 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of Kodiak Gas Services by 1,501.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after buying an additional 1,156 shares during the last quarter. State of Wyoming grew its position in shares of Kodiak Gas Services by 201.7% in the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after acquiring an additional 815 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Kodiak Gas Services by 80.3% during the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after purchasing an additional 556 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in Kodiak Gas Services by 80.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock worth $54,000 after purchasing an additional 646 shares during the last quarter. 24.95% of the stock is currently 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.