Kodiak Gas Services (NYSE:KGS) Price Target Raised to $48.00

Kodiak Gas Services (NYSE:KGS) had its target price increased by Citigroup from $41.00 to $48.00 in a research report report published on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

KGS has been the topic of a number of other reports. Truist Financial raised their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. Royal Bank of Canada boosted their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Mizuho began coverage on Kodiak Gas Services in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price target for the company. Barclays lifted their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Raymond James increased their price objective on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.36.

Kodiak Gas Services Price Performance

Shares of KGS opened at $45.27 on Tuesday. The company has a market capitalization of $3.96 billion, a P/E ratio of 156.11 and a beta of 1.15. Kodiak Gas Services has a twelve month low of $20.84 and a twelve month high of $45.42. 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 has a 50 day moving average of $40.10 and a 200 day moving average of $32.65.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.62%. Kodiak Gas Services’s dividend payout ratio is presently 565.52%.

Insider Buying and Selling

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total value of $121,350.00. Following the transaction, the insider now 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Kodiak Gas Services

A number of large investors have recently made changes to their positions in KGS. GAMMA Investing LLC lifted its holdings in 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 buying an additional 342 shares in the last quarter. HWG Holdings LP purchased a new position in shares of Kodiak Gas Services during the second quarter worth approximately $40,000. Mendota Financial Group LLC purchased a new position in shares of Kodiak Gas Services during the fourth quarter worth approximately $122,000. SG Americas Securities LLC bought a new stake in shares of Kodiak Gas Services during the third quarter valued at approximately $125,000. Finally, Arizona State Retirement System purchased a new stake in shares of Kodiak Gas Services in the second quarter valued at approximately $205,000. 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.