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

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have been given a consensus recommendation of “Moderate Buy” by the eleven brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $41.09.

Several analysts have issued reports on the company. Royal Bank of Canada upped their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Mizuho upped their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Truist Financial upped their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. The Goldman Sachs Group upped their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, Citigroup upped their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th.

Kodiak Gas Services Stock Down 3.1 %

Shares of KGS opened at $43.67 on Tuesday. The firm has a market cap of $3.82 billion, a P/E ratio of 150.57 and a beta of 1.18. The stock has a 50 day simple moving average of $44.33 and a two-hundred day simple moving average of $36.33. 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 has a 1 year low of $23.57 and a 1 year high of $50.43.

Kodiak Gas Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were issued a dividend of $0.41 per share. The ex-dividend date was Friday, February 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.76%. Kodiak Gas Services’s dividend payout ratio is presently 565.54%.

Insider Activity at Kodiak Gas Services

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

Hedge Funds Weigh In On Kodiak Gas Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in Kodiak Gas Services in the third quarter worth $125,000. HWG Holdings LP grew its stake in Kodiak Gas Services by 5,435.7% in the third quarter. HWG Holdings LP now owns 80,932 shares of the company’s stock worth $2,347,000 after purchasing an additional 79,470 shares during the period. United Advisor Group LLC purchased a new stake in Kodiak Gas Services in the third quarter worth $341,000. Principal Financial Group Inc. purchased a new stake in Kodiak Gas Services in the third quarter worth $610,000. Finally, Victory Capital Management Inc. purchased a new stake in Kodiak Gas Services in the third quarter worth $2,974,000. Institutional investors own 24.95% of the company’s stock.

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.