Kodiak Gas Services (NYSE:KGS) Price Target Raised to $44.00

Kodiak Gas Services (NYSE:KGS) had its price objective raised by The Goldman Sachs Group from $32.00 to $44.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

KGS has been the topic of a number of other research reports. Barclays increased their price objective 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. Stifel Nicolaus increased their price objective on Kodiak Gas Services from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Mizuho initiated coverage on Kodiak Gas Services in a report on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 price objective on the stock. Bank of America initiated coverage on Kodiak Gas Services in a report on Wednesday, September 18th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, Raymond James raised their price target on Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.09.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $40.44 on Tuesday. The stock’s 50-day simple moving average is $33.22 and its 200 day simple moving average is $29.24. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 139.45 and a beta of 0.79. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. Kodiak Gas Services has a 52-week low of $17.50 and a 52-week high of $41.25.

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 issued a dividend of $0.41 per share. The ex-dividend date was Friday, November 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.06%. Kodiak Gas Services’s dividend payout ratio is 565.54%.

Insider Activity at Kodiak Gas Services

In related news, insider Ewan William Hamilton sold 3,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was 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 approximately $1,284,085.25. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kodiak Gas Services

A number of large investors have recently modified their holdings of KGS. Sei Investments Co. purchased a new position in Kodiak Gas Services in the 1st quarter worth approximately $604,000. Public Employees Retirement System of Ohio purchased a new position in Kodiak Gas Services in the 1st quarter worth approximately $1,046,000. U.S. Capital Wealth Advisors LLC purchased a new position in Kodiak Gas Services in the 2nd quarter worth approximately $913,000. Security National Bank purchased a new position in Kodiak Gas Services in the 2nd quarter worth approximately $39,000. Finally, Bank of New York Mellon Corp increased its stake in Kodiak Gas Services by 1.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 542,281 shares of the company’s stock worth $14,783,000 after purchasing an additional 7,640 shares during the period. 24.95% of the stock is 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.