Kodiak Gas Services (NYSE:KGS) Hits New 1-Year High – Should You Buy?

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) hit a new 52-week high on Wednesday . The company traded as high as $42.49 and last traded at $42.09, with a volume of 5808 shares changing hands. The stock had previously closed at $41.66.

Analyst Upgrades and Downgrades

KGS has been the topic of several recent research reports. Barclays lifted their target price on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, October 7th. Truist Financial lifted their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Raymond James boosted their price target 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. Mizuho assumed coverage on Kodiak Gas Services in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 target price for the company. Finally, Bank of America initiated coverage on shares of Kodiak Gas Services in a research note on Wednesday, September 18th. They issued a “buy” rating and a $30.00 price target for the company. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $37.09.

Kodiak Gas Services Trading Up 5.2 %

The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The firm’s 50 day simple moving average is $35.09 and its two-hundred day simple moving average is $30.00. The stock has a market cap of $3.84 billion, a P/E ratio of 143.69 and a beta of 1.13.

Kodiak Gas Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Friday, November 1st. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 565.54%.

Insider Buying and Selling

In other news, insider Ewan William Hamilton sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total transaction of $121,350.00. Following the completion of the transaction, the insider now directly owns 31,745 shares in the company, valued at approximately $1,284,085.25. The trade was a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by company insiders.

Institutional Trading of Kodiak Gas Services

Hedge funds have recently added to or reduced their stakes in the business. Security National Bank acquired a new position in shares of Kodiak Gas Services during the second quarter valued at $39,000. HWG Holdings LP acquired a new position in Kodiak Gas Services during the 2nd quarter valued at about $40,000. nVerses Capital LLC increased its stake in Kodiak Gas Services by 90.9% during the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $57,000 after buying an additional 1,000 shares during the period. SG Americas Securities LLC bought a new stake in shares of Kodiak Gas Services during the 3rd quarter worth about $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Kodiak Gas Services by 115.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company’s stock worth $155,000 after acquiring an additional 3,045 shares during the period. 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.