Kodiak Gas Services (NYSE:KGS) Trading Down 5.8% – What’s Next?

Kodiak Gas Services, Inc. (NYSE:KGS)’s share price fell 5.8% on Friday . The stock traded as low as $32.56 and last traded at $32.48. 524,812 shares changed hands during mid-day trading, a decline of 52% from the average session volume of 1,100,260 shares. The stock had previously closed at $34.48.

Analysts Set New Price Targets

Several research firms have weighed in on KGS. Royal Bank of Canada upped their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Barclays upped their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Mizuho upped their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. The Goldman Sachs Group increased their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, JPMorgan Chase & Co. increased their price objective on Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.09.

Kodiak Gas Services Trading Down 1.4 %

The business has a 50 day simple moving average of $44.31 and a 200-day simple moving average of $37.17. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 117.26 and a beta of 1.30.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.15). Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The business had revenue of $309.52 million during the quarter, compared to analyst estimates of $323.82 million. On average, equities analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services’s payout ratio is 565.52%.

Insiders Place Their Bets

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the transaction, the insider now directly owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kodiak Gas Services

A number of large investors have recently modified their holdings of KGS. Principal Financial Group Inc. purchased a new position in shares of Kodiak Gas Services in the 3rd quarter worth about $610,000. Victory Capital Management Inc. purchased a new position in shares of Kodiak Gas Services in the 3rd quarter worth about $2,974,000. Royce & Associates LP purchased a new position in shares of Kodiak Gas Services in the 3rd quarter worth about $3,770,000. TSA Wealth Managment LLC raised its holdings in shares of 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 period. Finally, Chesapeake Capital Corp IL purchased a new position in shares of Kodiak Gas Services in the 3rd quarter worth about $603,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

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.