Kodiak Gas Services (NYSE:KGS) Sets New 12-Month High – Should You Buy?

Kodiak Gas Services, Inc. (NYSE:KGS) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $34.15 and last traded at $33.79, with a volume of 16267 shares trading hands. The stock had previously closed at $32.49.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on KGS shares. Citigroup initiated coverage on shares of Kodiak Gas Services in a report on Friday, September 27th. They set a “buy” rating and a $35.00 price objective on the stock. Royal Bank of Canada increased their target price on Kodiak Gas Services from $31.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Bank of America began 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. Redburn Atlantic started coverage on shares of Kodiak Gas Services in a research report on Thursday, September 19th. They set a “buy” rating and a $35.00 target price for the company. Finally, Stifel Nicolaus raised their price target on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $33.09.

Kodiak Gas Services Trading Up 7.0 %

The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.70. The firm has a market cap of $2.94 billion, a P/E ratio of 53.92 and a beta of 0.79. The business’s 50 day moving average is $29.59 and its 200-day moving average is $28.06.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Monday, August 12th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. The firm had revenue of $309.65 million during the quarter, compared to the consensus estimate of $313.88 million. As a group, analysts forecast that Kodiak Gas Services, Inc. will post 1.15 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Shareholders of record on Friday, November 1st will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend is Friday, November 1st. Kodiak Gas Services’s dividend payout ratio is presently 256.25%.

Institutional Investors Weigh In On Kodiak Gas Services

Hedge funds have recently made changes to their positions in the business. Security National Bank acquired a new stake in Kodiak Gas Services during the 2nd quarter worth about $39,000. HWG Holdings LP acquired a new position in Kodiak Gas Services in the 2nd quarter worth approximately $40,000. nVerses Capital LLC grew its position in Kodiak Gas Services by 90.9% during the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after purchasing an additional 1,000 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Kodiak Gas Services during the 3rd quarter valued at $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Kodiak Gas Services by 115.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company’s stock valued at $155,000 after purchasing an additional 3,045 shares in the last quarter. 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.