Kodiak Gas Services (NYSE:KGS) Research Coverage Started at Redburn Atlantic

Redburn Atlantic assumed coverage on shares of Kodiak Gas Services (NYSE:KGS) in a report issued on Thursday, Marketbeat reports. The firm issued a buy rating and a $35.00 price objective on the stock.

A number of other research analysts also recently issued reports on the company. Stifel Nicolaus upped their price objective on Kodiak Gas Services from $31.00 to $35.00 and gave the company a buy rating in a research note on Wednesday, August 14th. Truist Financial upped their price objective on Kodiak Gas Services from $32.00 to $35.00 and gave the company a buy rating in a research note on Thursday, August 15th. Royal Bank of Canada upped their price objective on Kodiak Gas Services from $30.00 to $31.00 and gave the company an outperform rating in a research note on Wednesday, August 21st. Bank of America started coverage on Kodiak Gas Services in a research note on Wednesday. They set a buy rating and a $30.00 price target for the company. Finally, Barclays started coverage on Kodiak Gas Services in a research note on Wednesday, July 17th. They set an equal weight rating and a $29.00 price target for the company. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of $31.78.

Kodiak Gas Services Trading Up 0.2 %

Shares of Kodiak Gas Services stock opened at $29.58 on Thursday. The stock has a fifty day simple moving average of $27.38 and a 200 day simple moving average of $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 market capitalization of $2.49 billion, a P/E ratio of 33.61 and a beta of 0.90. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.70.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.23 earnings per share (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 the consensus estimate of $313.88 million. Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. On average, sell-side analysts anticipate that Kodiak Gas Services will post 1.15 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

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

Institutional Trading of Kodiak Gas Services

A number of institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank purchased a new stake in shares of Kodiak Gas Services in the 4th quarter valued at about $920,000. Parallel Advisors LLC purchased a new stake in shares of Kodiak Gas Services in the 4th quarter valued at about $60,000. Tortoise Index Solutions LLC raised its holdings in shares of Kodiak Gas Services by 12.9% in the 4th quarter. Tortoise Index Solutions LLC now owns 21,488 shares of the company’s stock valued at $431,000 after acquiring an additional 2,448 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of 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 valued at $25,695,000 after acquiring an additional 215,570 shares in the last quarter. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of Kodiak Gas Services in the 4th quarter valued at about $46,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

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.