Brokerages Set Kodiak Gas Services, Inc. (NYSE:KGS) Target Price at $42.18

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have been given an average recommendation of “Moderate Buy” by the eleven ratings firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $42.18.

A number of brokerages have recently commented on KGS. 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. JPMorgan Chase & Co. increased their price target on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, November 29th. Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Raymond James reiterated an “outperform” rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Finally, The Goldman Sachs Group increased their price target 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.

Insider Activity at Kodiak Gas Services

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 34,771,323 shares of the company’s stock, valued at approximately $1,651,637,842.50. This trade represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its position in shares of Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after buying an additional 342 shares during the period. Comerica Bank boosted 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 buying an additional 632 shares during the period. Sterling Capital Management LLC boosted its position in shares of Kodiak Gas Services by 1,322.6% during the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company’s stock worth $31,000 after buying an additional 701 shares during the period. Amalgamated Bank boosted its position in shares of Kodiak Gas Services by 112.6% during the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock worth $45,000 after buying an additional 588 shares during the period. Finally, Transcendent Capital Group LLC purchased a new position in shares of Kodiak Gas Services during the fourth quarter worth $49,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Stock Up 3.5 %

Kodiak Gas Services stock opened at $38.10 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The business’s 50-day simple moving average is $43.61 and its two-hundred day simple moving average is $37.71. The company has a market cap of $3.35 billion, a PE ratio of 131.37 and a beta of 1.30. Kodiak Gas Services has a fifty-two week low of $24.84 and a fifty-two week high of $50.43.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Wednesday, March 5th. The company reported $0.27 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 during the quarter, compared to analysts’ expectations of $323.82 million. Equities analysts anticipate that Kodiak Gas Services will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were issued a $0.41 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 4.30%. Kodiak Gas Services’s dividend payout ratio 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.