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

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have received a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $41.09.

KGS has been the topic of several research reports. Barclays upped their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Truist Financial raised their target price on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. Mizuho upped their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Royal Bank of Canada lifted their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, The Goldman Sachs Group lifted their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th.

Kodiak Gas Services Stock Performance

KGS opened at $45.22 on Tuesday. Kodiak Gas Services has a 1-year low of $23.54 and a 1-year high of $50.43. The stock has a market cap of $3.96 billion, a P/E ratio of 155.93 and a beta of 1.18. The stock’s 50 day simple moving average is $44.06 and its 200 day simple moving average is $35.88. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93.

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 14th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Friday, February 14th. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 565.54%.

Insider Buying and Selling at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the sale, the insider now owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $121,350.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kodiak Gas Services

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its holdings in Kodiak Gas Services by 94.7% in the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after acquiring an additional 342 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Kodiak Gas Services by 3.4% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company’s stock worth $371,000 after acquiring an additional 405 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its position in shares of Kodiak Gas Services by 1.6% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company’s stock worth $1,323,000 after purchasing an additional 500 shares during the last quarter. Amalgamated Bank raised its stake in shares of Kodiak Gas Services by 112.6% in the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock valued at $45,000 after purchasing an additional 588 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of Kodiak Gas Services by 710.1% during the fourth quarter. Comerica Bank now owns 721 shares of the company’s stock worth $29,000 after purchasing an additional 632 shares during the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

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.