Kodiak Gas Services, Inc. (NYSE:KGS) Receives $24.14 Consensus PT from Brokerages

Shares of Kodiak Gas Services, Inc. (NYSE:KGSGet Free Report) have been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $24.14.

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Kodiak Gas Services from $27.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, March 21st. Truist Financial cut their target price on shares of Kodiak Gas Services from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, December 20th. Finally, Raymond James raised their price target on shares of Kodiak Gas Services from $23.00 to $25.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th.

View Our Latest Report on KGS

Kodiak Gas Services Stock Performance

Shares of NYSE:KGS opened at $27.72 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.10 and a debt-to-equity ratio of 1.57. Kodiak Gas Services has a 1-year low of $15.05 and a 1-year high of $29.00. The firm’s 50 day simple moving average is $25.09 and its two-hundred day simple moving average is $20.85.

Kodiak Gas Services (NYSE:KGSGet Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The business had revenue of $225.98 million during the quarter, compared to analyst estimates of $224.45 million. On average, research analysts anticipate that Kodiak Gas Services will post 1.82 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 16th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $1.52 annualized dividend and a dividend yield of 5.48%.

Insider Buying and Selling at Kodiak Gas Services

In related news, Director Margaret C. Montana purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was bought at an average cost of $25.25 per share, with a total value of $50,500.00. Following the completion of the acquisition, the director now directly owns 16,375 shares in the company, valued at approximately $413,468.75. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kodiak Gas Services

Hedge funds have recently made changes to their positions in the business. Ion Asset Management Ltd. purchased a new stake in Kodiak Gas Services during the 2nd quarter worth $25,984,000. Citadel Advisors LLC acquired a new stake in shares of Kodiak Gas Services in the second quarter valued at about $23,706,000. Zimmer Partners LP acquired a new position in Kodiak Gas Services during the 2nd quarter worth approximately $21,112,000. Goldman Sachs Group Inc. boosted its holdings in Kodiak Gas Services by 20.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,279,636 shares of the company’s stock worth $25,695,000 after acquiring an additional 215,570 shares during the period. Finally, Vanguard Group Inc. grew its position in Kodiak Gas Services by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 1,117,752 shares of the company’s stock valued at $22,444,000 after acquiring an additional 149,953 shares in the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Company Profile

(Get Free Report

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.

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Analyst Recommendations for Kodiak Gas Services (NYSE:KGS)

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