Kodiak Gas Services (NYSE:KGS) Coverage Initiated at Mizuho

Mizuho began coverage on shares of Kodiak Gas Services (NYSE:KGS) in a report issued on Wednesday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $36.00 price target on the stock.

A number of other analysts also recently commented on the stock. Citigroup started coverage on shares of Kodiak Gas Services in a research report on Friday, September 27th. They set a buy rating and a $35.00 price target on the stock. Bank of America initiated coverage on Kodiak Gas Services in a report on Wednesday, September 18th. They set a buy rating and a $30.00 target price on the stock. Stifel Nicolaus increased their price target 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 boosted their price objective on Kodiak Gas Services from $32.00 to $35.00 and gave the stock a buy rating in a research note on Thursday, August 15th. Finally, Royal Bank of Canada raised their target price 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. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Kodiak Gas Services has a consensus rating of Moderate Buy and a consensus target price of $32.45.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $32.50 on Wednesday. Kodiak Gas Services has a 12-month low of $16.72 and a 12-month high of $32.60. 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 firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 36.93 and a beta of 0.89. The business has a 50 day simple moving average of $27.68 and a 200 day simple moving average of $27.38.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Monday, August 12th. The company reported $0.23 earnings per share (EPS) 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 business had revenue of $309.65 million during the quarter, compared to the consensus estimate of $313.88 million. On average, equities research analysts anticipate that Kodiak Gas Services will post 1.15 EPS for the current year.

Kodiak Gas Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were given a $0.41 dividend. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, August 12th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.05%. Kodiak Gas Services’s dividend payout ratio (DPR) is 186.36%.

Hedge Funds Weigh In On Kodiak Gas Services

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