Kodiak Gas Services, Inc. (NYSE:KGS) Receives $37.09 Average PT from Analysts

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have been given an average recommendation of “Moderate Buy” by the eleven brokerages that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $37.09.

KGS has been the topic of a number of research analyst reports. 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 report on Friday, November 8th. Mizuho started coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 price target on the stock. Truist Financial increased their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their target price on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, November 29th. Finally, Royal Bank of Canada increased their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th.

Kodiak Gas Services Stock Up 4.5 %

Shares of NYSE:KGS opened at $43.66 on Monday. The firm has a 50 day simple moving average of $38.55 and a 200-day simple moving average of $31.78. Kodiak Gas Services has a twelve month low of $20.23 and a twelve month high of $44.20. 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 company has a market capitalization of $3.82 billion, a PE ratio of 150.56 and a beta of 1.13.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were given a $0.41 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.64 dividend on an annualized basis and a yield of 3.76%. Kodiak Gas Services’s payout ratio is currently 565.52%.

Insiders Place Their Bets

In other news, insider Ewan William Hamilton sold 3,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total transaction of $121,350.00. Following the transaction, the insider now directly owns 31,745 shares of the company’s stock, valued at $1,284,085.25. This represents a 8.63 % 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 currently owned by insiders.

Institutional Trading of Kodiak Gas Services

A number of institutional investors have recently added to or reduced their stakes in KGS. GAMMA Investing LLC lifted its position in shares of Kodiak Gas Services by 94.7% during the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after acquiring an additional 342 shares during the period. HWG Holdings LP acquired a new position in Kodiak Gas Services during the second quarter worth $40,000. nVerses Capital LLC boosted its position in Kodiak Gas Services by 90.9% during the second 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 in the third quarter valued at $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 buying an additional 3,045 shares in the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

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.