Kodiak Gas Services, Inc. (NYSE:KGS) Given Average Recommendation of “Moderate Buy” by Brokerages

Kodiak Gas Services, Inc. (NYSE:KGS) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $34.64.

Several equities analysts recently issued reports on the company. Raymond James lifted their price objective on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Mizuho assumed coverage on shares of Kodiak Gas Services in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price objective on the stock. Redburn Atlantic assumed coverage on shares of Kodiak Gas Services in a report on Thursday, September 19th. They set a “buy” rating and a $35.00 target price for the company. Barclays upped their price target on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Finally, Bank of America initiated coverage on shares of Kodiak Gas Services in a research note on Wednesday, September 18th. They set a “buy” rating and a $30.00 price objective for the company.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. FMR LLC increased its stake in Kodiak Gas Services by 444.4% in the third quarter. FMR LLC now owns 4,889,804 shares of the company’s stock valued at $141,804,000 after purchasing an additional 3,991,630 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Kodiak Gas Services in the 3rd quarter valued at about $44,558,000. Zimmer Partners LP increased its stake in shares of Kodiak Gas Services by 313.0% during the 3rd quarter. Zimmer Partners LP now owns 1,779,851 shares of the company’s stock valued at $51,616,000 after acquiring an additional 1,348,899 shares during the last quarter. Blackstone Inc. lifted its holdings in shares of Kodiak Gas Services by 1,358.3% during the 1st quarter. Blackstone Inc. now owns 644,231 shares of the company’s stock worth $17,613,000 after acquiring an additional 600,055 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Kodiak Gas Services in the first quarter worth approximately $11,544,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Trading Up 1.8 %

Shares of Kodiak Gas Services stock opened at $36.44 on Friday. The company has a 50-day moving average of $30.97 and a two-hundred day moving average of $28.50. Kodiak Gas Services has a 12-month low of $17.50 and a 12-month high of $36.99. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The stock has a market cap of $3.19 billion, a PE ratio of 125.66 and a beta of 0.79.

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a $0.41 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.64 annualized dividend and a yield of 4.50%. Kodiak Gas Services’s payout ratio is currently 565.54%.

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.