Kodiak Gas Services (NYSE:KGS) Price Target Raised to $44.00

Kodiak Gas Services (NYSE:KGS) had its price target increased by Barclays from $32.00 to $44.00 in a research report released on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts have also weighed in on the company. Citigroup initiated coverage on Kodiak Gas Services in a research note on Friday, September 27th. They issued a “buy” rating and a $35.00 price objective on the stock. The Goldman Sachs Group lifted 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. Redburn Atlantic assumed coverage on shares of Kodiak Gas Services in a research report on Thursday, September 19th. They issued a “buy” rating and a $35.00 price objective for the company. Mizuho began coverage on shares of Kodiak Gas Services in a report on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 target price on the stock. Finally, Bank of America began coverage on Kodiak Gas Services in a report on Wednesday, September 18th. They issued a “buy” rating and a $30.00 price target for the company. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $39.36.

Kodiak Gas Services Trading Up 1.6 %

Shares of KGS opened at $46.15 on Monday. The stock’s fifty day simple moving average is $40.33 and its 200 day simple moving average is $32.74. Kodiak Gas Services has a twelve month low of $20.84 and a twelve month high of $46.84. 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 firm has a market capitalization of $4.04 billion, a P/E ratio of 159.14 and a beta of 1.15.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Friday, November 1st. Kodiak Gas Services’s dividend payout ratio (DPR) is 565.54%.

Insider Buying and Selling at Kodiak Gas Services

In related news, insider Ewan William Hamilton sold 3,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total value of $121,350.00. Following the sale, the insider now directly owns 31,745 shares of the company’s stock, valued at $1,284,085.25. This represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is owned by insiders.

Institutional Investors Weigh In On Kodiak Gas Services

Several hedge funds and other institutional investors have recently modified their holdings of KGS. GAMMA Investing LLC lifted 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 purchasing an additional 342 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Kodiak Gas Services by 3.4% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company’s stock worth $371,000 after buying an additional 405 shares during the last quarter. Dark Forest Capital Management LP lifted its holdings in Kodiak Gas Services by 5.9% during the 2nd quarter. Dark Forest Capital Management LP now owns 20,894 shares of the company’s stock worth $570,000 after buying an additional 1,164 shares during the last quarter. HWG Holdings LP acquired a new position in shares of Kodiak Gas Services in the 2nd quarter worth approximately $40,000. Finally, Pacer Advisors Inc. increased its holdings in shares of Kodiak Gas Services by 7.6% in the 2nd quarter. Pacer Advisors Inc. now owns 39,944 shares of the company’s stock valued at $1,089,000 after acquiring an additional 2,816 shares during 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.