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

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have earned an average rating of “Moderate Buy” from the eleven research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $37.09.

Several brokerages recently weighed in on KGS. Citigroup began coverage on shares of Kodiak Gas Services in a research report on Friday, September 27th. They issued a “buy” rating and a $35.00 price target on the stock. Barclays lifted their target price on Kodiak Gas Services from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Mizuho initiated coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price target for the company. Raymond James lifted their price objective on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada increased their target price on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 11th.

Insider Buying and Selling at Kodiak Gas Services

In other news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction 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 owns 31,745 shares in the company, valued at approximately $1,284,085.25. This represents a 8.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of KGS. Bank of New York Mellon Corp lifted its holdings in Kodiak Gas Services by 1.4% during 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 acquiring an additional 3,045 shares during the period. nVerses Capital LLC grew its stake in Kodiak Gas Services by 90.9% during the second quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $57,000 after acquiring an additional 1,000 shares in the last quarter. Augustine Asset Management Inc. purchased a new position in Kodiak Gas Services during the second quarter valued at approximately $938,000. Finally, Rhumbline Advisers increased its holdings in Kodiak Gas Services by 36.4% during the 2nd quarter. Rhumbline Advisers now owns 29,943 shares of the company’s stock worth $816,000 after acquiring an additional 7,995 shares during the period. 24.95% of the stock is owned by institutional investors.

Kodiak Gas Services Stock Down 1.1 %

Shares of NYSE KGS opened at $40.45 on Monday. 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 company has a 50-day moving average price of $37.48 and a 200-day moving average price of $31.27. The stock has a market capitalization of $3.54 billion, a P/E ratio of 139.49 and a beta of 1.14. Kodiak Gas Services has a 1 year low of $19.88 and a 1 year high of $44.20.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Friday, November 1st. Kodiak Gas Services’s dividend payout ratio is 565.52%.

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.