Kodiak Gas Services (NYSE:KGS) Hits New 52-Week High – Time to Buy?

Kodiak Gas Services, Inc. (NYSE:KGS) hit a new 52-week high on Wednesday . The company 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 Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of 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 lifted their price objective on shares of Kodiak Gas Services from $32.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Mizuho began coverage on shares of Kodiak Gas Services in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 price objective on the stock. Bank of America began 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. Finally, Barclays lifted their target price on Kodiak Gas Services from $29.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.09.

Kodiak Gas Services Trading Down 1.0 %

The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 53.89 and a beta of 0.79. 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 company has a fifty day moving average price of $29.88 and a 200-day moving average price of $28.15.

Kodiak Gas Services (NYSE:KGS) last announced 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). The firm had revenue of $309.65 million for the quarter, compared to analyst estimates of $313.88 million. Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. On average, equities research analysts predict that Kodiak Gas Services, Inc. will post 1.15 EPS for the current year.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $1.64 annualized dividend and a dividend yield of 4.76%. Kodiak Gas Services’s dividend payout ratio is 256.25%.

Institutional Investors Weigh In On Kodiak Gas Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kayne Anderson Capital Advisors LP lifted its holdings in Kodiak Gas Services by 77.5% in the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 93,483 shares of the company’s stock worth $2,711,000 after purchasing an additional 40,802 shares during the last quarter. Chesapeake Capital Corp IL acquired a new stake in Kodiak Gas Services in the 3rd quarter worth approximately $603,000. TSA Wealth Managment LLC lifted its holdings in Kodiak Gas Services by 30.9% in the 3rd quarter. TSA Wealth Managment LLC now owns 84,550 shares of the company’s stock worth $2,452,000 after purchasing an additional 19,974 shares during the last quarter. Royce & Associates LP bought a new position in Kodiak Gas Services in the 3rd quarter worth approximately $3,770,000. Finally, Victory Capital Management Inc. bought a new position in Kodiak Gas Services in the 3rd quarter worth approximately $2,974,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

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.