Kodiak Gas Services (NYSE:KGS) Trading 5.8% Higher After Analyst Upgrade

Kodiak Gas Services, Inc. (NYSE:KGS) rose 5.8% on Wednesday after Truist Financial raised their price target on the stock from $45.00 to $47.00. Truist Financial currently has a buy rating on the stock. Kodiak Gas Services traded as high as $37.60 and last traded at $37.33. Approximately 628,649 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 1,158,667 shares. The stock had previously closed at $35.30.

Other equities research analysts also recently issued research reports about the stock. The Goldman Sachs Group upped their price target on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. upped their target price on Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, November 29th. Raymond James reissued an “outperform” rating on shares of Kodiak Gas Services in a research report on Friday. Citigroup upped their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Barclays lifted their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.18.

Insider Buying and Selling at Kodiak Gas Services

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of Kodiak Gas Services stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the transaction, the insider now directly owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. The trade was a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

Institutional Trading of Kodiak Gas Services

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jefferies Financial Group Inc. bought a new stake in shares of Kodiak Gas Services during the fourth quarter worth $5,657,000. HWG Holdings LP grew its position in shares of Kodiak Gas Services by 6.3% during the 4th quarter. HWG Holdings LP now owns 86,066 shares of the company’s stock worth $3,514,000 after buying an additional 5,134 shares during the period. United Advisor Group LLC grew its position in shares of Kodiak Gas Services by 4.4% during the 4th quarter. United Advisor Group LLC now owns 12,281 shares of the company’s stock worth $501,000 after buying an additional 519 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Kodiak Gas Services by 57.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 56,963 shares of the company’s stock worth $2,326,000 after buying an additional 20,899 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Kodiak Gas Services by 15.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 46,986 shares of the company’s stock valued at $1,918,000 after buying an additional 6,380 shares during the period. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Trading Up 5.2 %

The business’s 50 day simple moving average is $44.05 and its 200-day simple moving average is $37.44. 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 stock has a market capitalization of $3.25 billion, a P/E ratio of 128.14 and a beta of 1.30.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.15). Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The company had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. As a group, analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 4.42%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 277.97%.

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.