Barclays Lowers Kodiak Gas Services (NYSE:KGS) Price Target to $41.00

Kodiak Gas Services (NYSE:KGS) had its price target decreased by Barclays from $44.00 to $41.00 in a research report report published on Friday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other analysts also recently weighed in on KGS. Truist Financial raised their target price on Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday, March 11th. Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. The Goldman Sachs Group lifted their price target 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. Raymond James reiterated an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Finally, Citigroup lifted their price target 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. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.91.

Kodiak Gas Services Stock Down 1.6 %

Shares of Kodiak Gas Services stock opened at $37.85 on Friday. The business has a 50-day moving average of $43.30 and a 200-day moving average of $38.03. 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 company has a market capitalization of $3.33 billion, a PE ratio of 130.51 and a beta of 1.30. Kodiak Gas Services has a 1-year low of $24.84 and a 1-year high of $50.43.

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

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.33%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 277.97%.

Insider Activity

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of Kodiak Gas Services 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 sale, the insider now owns 34,771,323 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Kodiak Gas Services

A number of hedge funds have recently made changes to their positions in KGS. GAMMA Investing LLC raised its holdings in 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 purchasing an additional 342 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of Kodiak Gas Services by 3.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company’s stock valued at $371,000 after buying an additional 405 shares in the last quarter. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Kodiak Gas Services by 1.6% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company’s stock valued at $1,323,000 after buying an additional 500 shares in the last quarter. United Advisor Group LLC increased its holdings in shares of Kodiak Gas Services by 4.4% in the fourth quarter. United Advisor Group LLC now owns 12,281 shares of the company’s stock valued at $501,000 after buying an additional 519 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Kodiak Gas Services by 112.6% in the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock valued at $45,000 after buying an additional 588 shares in the last quarter. Institutional investors 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.