Kodiak Gas Services, Inc. (NYSE:KGS) Receives $37.09 Consensus PT from Analysts

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have earned an average rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $37.09.

KGS has been the subject of several research analyst reports. Bank of America started coverage on shares of Kodiak Gas Services in a research note on Wednesday, September 18th. They set a “buy” rating and a $30.00 target price for the company. Mizuho started coverage on shares of Kodiak Gas Services in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 price objective for the company. The Goldman Sachs Group lifted their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Barclays upped their price target on Kodiak Gas Services from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Finally, Raymond James lifted their price objective on Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, November 8th.

Kodiak Gas Services Stock Performance

NYSE KGS opened at $40.83 on Monday. The stock has a fifty day simple moving average of $38.08 and a 200-day simple moving average of $31.58. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The stock has a market cap of $3.58 billion, a PE ratio of 140.80 and a beta of 1.13. Kodiak Gas Services has a twelve month low of $20.01 and a twelve month high of $44.20.

Kodiak Gas Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.64 annualized dividend and a yield of 4.02%. Kodiak Gas Services’s payout ratio is 565.52%.

Insider Buying and Selling at Kodiak Gas Services

In related news, insider Ewan William Hamilton sold 3,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were 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. The trade was a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

Institutional Trading of Kodiak Gas Services

A number of institutional investors have recently bought and sold shares of KGS. FMR LLC lifted its stake in Kodiak Gas Services by 444.4% during the third quarter. FMR LLC now owns 4,889,804 shares of the company’s stock worth $141,804,000 after purchasing an additional 3,991,630 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Kodiak Gas Services in the third quarter valued at $44,558,000. Zimmer Partners LP lifted its position in Kodiak Gas Services by 313.0% in the third quarter. Zimmer Partners LP now owns 1,779,851 shares of the company’s stock valued at $51,616,000 after acquiring an additional 1,348,899 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in Kodiak Gas Services in the third quarter valued at $9,741,000. Finally, HITE Hedge Asset Management LLC grew its stake in Kodiak Gas Services by 74.8% during the 2nd quarter. HITE Hedge Asset Management LLC now owns 780,600 shares of the company’s stock worth $21,279,000 after buying an additional 334,086 shares during the last quarter. 24.95% of the stock is owned by hedge funds and other institutional investors.

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.