Kodiak Gas Services (NYSE:KGS) Receives New Coverage from Analysts at Redburn Atlantic

Redburn Atlantic started coverage on shares of Kodiak Gas Services (NYSE:KGS) in a research note released on Thursday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $35.00 target price on the stock.

KGS has been the subject of a number of other reports. Barclays began coverage on Kodiak Gas Services in a research report on Wednesday, July 17th. They set an equal weight rating and a $29.00 price objective for the company. Royal Bank of Canada boosted their price target on shares of Kodiak Gas Services from $30.00 to $31.00 and gave the company an outperform rating in a research note on Wednesday, August 21st. Stifel Nicolaus increased their price objective on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the stock a buy rating in a research report on Wednesday, August 14th. Truist Financial boosted their target price on Kodiak Gas Services from $32.00 to $35.00 and gave the company a buy rating in a research report on Thursday, August 15th. Finally, Bank of America assumed coverage on Kodiak Gas Services in a research report on Wednesday, September 18th. They set a buy rating and a $30.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kodiak Gas Services presently has a consensus rating of Moderate Buy and a consensus target price of $31.78.

Kodiak Gas Services Price Performance

Shares of KGS stock opened at $29.58 on Thursday. The firm’s 50-day moving average is $27.38 and its two-hundred day moving average is $27.12. Kodiak Gas Services has a 12 month low of $16.72 and a 12 month high of $29.91. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.05 and a quick ratio of 0.70. The company has a market capitalization of $2.49 billion, a PE ratio of 33.61 and a beta of 0.89.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Monday, August 12th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The business had revenue of $309.65 million during the quarter, compared to analyst estimates of $313.88 million. Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. Analysts predict that Kodiak Gas Services will post 1.15 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were given a dividend of $0.41 per share. The ex-dividend date was Monday, August 12th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.54%. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.38. Kodiak Gas Services’s dividend payout ratio is currently 186.36%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Kodiak Gas Services in the 2nd quarter valued at about $913,000. Quantbot Technologies LP lifted its stake in Kodiak Gas Services by 345.3% in the first quarter. Quantbot Technologies LP now owns 45,403 shares of the company’s stock worth $1,241,000 after acquiring an additional 35,208 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of Kodiak Gas Services in the 1st quarter valued at approximately $5,184,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Kodiak Gas Services in the 1st quarter valued at $1,046,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Kodiak Gas Services in the 1st quarter valued at $11,544,000. 24.95% of the stock is owned by institutional investors and hedge funds.

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.