Kodiak Gas Services (NYSE:KGS) Price Target Increased to $35.00 by Analysts at Truist Financial

Kodiak Gas Services (NYSE:KGS) had its price objective increased by Truist Financial from $32.00 to $35.00 in a report issued on Thursday, Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also issued reports on KGS. Barclays initiated coverage on shares of Kodiak Gas Services in a research report on Wednesday, July 17th. They set an equal weight rating and a $29.00 target price on the stock. Royal Bank of Canada increased their target price on shares of Kodiak Gas Services from $28.00 to $30.00 and gave the stock an outperform rating in a research report on Monday, May 20th. Finally, Stifel Nicolaus increased their target price on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the stock a buy rating in a research report on Wednesday, August 14th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of $31.43.

Kodiak Gas Services Stock Down 0.3 %

Shares of KGS opened at $26.22 on Thursday. The firm’s 50-day simple moving average is $27.22 and its 200 day simple moving average is $26.68. Kodiak Gas Services has a 52 week low of $16.72 and a 52 week high of $29.75. The firm has a market cap of $2.21 billion, a P/E ratio of 29.80 and a beta of 0.92. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.76 and a current ratio of 1.11.

Kodiak Gas Services Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were given a dividend of $0.41 per share. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.64 annualized dividend and a dividend yield of 6.25%. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 186.36%.

Institutional Trading of Kodiak Gas Services

Several large investors have recently made changes to their positions in KGS. Security National Bank acquired a new stake in shares of Kodiak Gas Services during the 2nd quarter worth approximately $39,000. PNC Financial Services Group Inc. bought a new position in Kodiak Gas Services in the 4th quarter valued at approximately $46,000. nVerses Capital LLC lifted its stake in Kodiak Gas Services by 90.9% in the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $57,000 after purchasing an additional 1,000 shares during the last quarter. Parallel Advisors LLC bought a new position in Kodiak Gas Services in the 4th quarter valued at approximately $60,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Kodiak Gas Services in the 4th quarter valued at approximately $127,000. Institutional investors and hedge funds 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.