Kodiak Gas Services, Inc. (NYSE:KGS) Given Average Rating of “Moderate Buy” by Brokerages

by · The Cerbat Gem

Shares of Kodiak Gas Services, Inc. (NYSE:KGS – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $41.09.

A number of equities research analysts have recently commented on the company. Citigroup lifted their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Truist Financial lifted their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. The Goldman Sachs Group lifted their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada lifted their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, Raymond James lifted their target price on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

View Our Latest Research Report on Kodiak Gas Services

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of Kodiak Gas Services stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the completion of the transaction, the insider now owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. The trade was a 9.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in shares of Kodiak Gas Services by 444.4% during the third quarter. FMR LLC now owns 4,889,804 shares of the company’s stock worth $141,804,000 after purchasing an additional 3,991,630 shares in the last quarter. Encompass Capital Advisors LLC purchased a new position in shares of Kodiak Gas Services during the fourth quarter worth about $66,122,000. Zimmer Partners LP grew its holdings in shares of Kodiak Gas Services by 88.1% during the fourth quarter. Zimmer Partners LP now owns 3,347,700 shares of the company’s stock worth $136,687,000 after purchasing an additional 1,567,849 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Kodiak Gas Services during the third quarter worth about $44,558,000. Finally, Vanguard Group Inc. grew its holdings in shares of Kodiak Gas Services by 52.3% during the fourth quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company’s stock worth $108,568,000 after purchasing an additional 913,104 shares in the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Trading Down 3.1 %

NYSE KGS opened at $43.67 on Tuesday. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 150.57 and a beta of 1.18. Kodiak Gas Services has a one year low of $23.57 and a one year high of $50.43. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The business’s fifty day moving average is $44.33 and its 200-day moving average is $36.33.

Kodiak Gas Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services’s payout ratio is presently 565.54%.

Kodiak Gas Services Company Profile

(Get Free Report

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.

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