Kodiak Gas Services (NYSE:KGS) Shares Gap Up to $25.23

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) gapped up prior to trading on Tuesday . The stock had previously closed at $25.23, but opened at $26.71. Kodiak Gas Services shares last traded at $26.33, with a volume of 777,552 shares trading hands.

Analyst Ratings Changes

KGS has been the topic of several research reports. Royal Bank of Canada raised their price target on shares of Kodiak Gas Services from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Barclays began coverage on Kodiak Gas Services in a report on Wednesday, July 17th. They issued an “equal weight” rating and a $29.00 target price for the company. Truist Financial lifted their price target on Kodiak Gas Services from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Finally, Stifel Nicolaus boosted their price target on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $31.57.

Kodiak Gas Services Trading Down 0.2 %

The business has a fifty day moving average price of $27.29 and a two-hundred day moving average price of $27.01. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.70. The firm has a market capitalization of $2.22 billion, a PE ratio of 29.83 and a beta of 0.90.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Monday, August 12th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.29). Kodiak Gas Services had a return on equity of 7.20% and a net margin of 5.23%. The company had revenue of $309.65 million for the quarter, compared to analysts’ expectations of $313.88 million. Analysts expect that Kodiak Gas Services, Inc. will post 1.79 EPS 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 given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.25%. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.38. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 186.37%.

Institutional Trading of Kodiak Gas Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. U.S. Capital Wealth Advisors LLC purchased a new position in shares of Kodiak Gas Services during the second quarter worth $913,000. Quantbot Technologies LP boosted its holdings in Kodiak Gas Services by 345.3% during the 1st quarter. Quantbot Technologies LP now owns 45,403 shares of the company’s stock valued at $1,241,000 after acquiring an additional 35,208 shares during the period. Jennison Associates LLC acquired a new position in Kodiak Gas Services in the 1st quarter valued at about $5,184,000. Public Employees Retirement System of Ohio purchased a new stake in Kodiak Gas Services during the first quarter worth about $1,046,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Kodiak Gas Services during the first quarter worth about $11,544,000. 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.