Kodiak Gas Services (NYSE:KGS) Given New $41.00 Price Target at Barclays

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

A number of other brokerages have also commented on KGS. Citigroup lifted their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Truist Financial lifted their price target 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. JPMorgan Chase & Co. lifted their price target on Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. The Goldman Sachs Group lifted their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Finally, Royal Bank of Canada set a $45.00 price objective on Kodiak Gas Services and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and an average price target of $41.91.

Kodiak Gas Services Stock Performance

NYSE:KGS opened at $37.85 on Friday. The stock’s 50-day simple moving average is $43.30 and its 200 day simple moving average is $37.86. The firm has a market capitalization of $3.33 billion, a PE ratio of 130.51 and a beta of 1.30. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. Kodiak Gas Services has a twelve month low of $24.84 and a twelve month high of $50.43.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data 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). Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The business had revenue of $309.52 million during the quarter, compared to analyst estimates of $323.82 million. On average, analysts anticipate that Kodiak Gas Services will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

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

Insiders Place Their Bets

In other Kodiak Gas Services 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 value of $177,112,157.50. Following the completion of the sale, the insider now directly owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. The trade was a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kodiak Gas Services

Hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its stake in Kodiak Gas Services by 50.2% in the fourth quarter. FMR LLC now owns 7,342,296 shares of the company’s stock valued at $299,786,000 after acquiring an additional 2,452,492 shares during the period. Zimmer Partners LP grew its stake in Kodiak Gas Services by 88.1% in the fourth quarter. Zimmer Partners LP now owns 3,347,700 shares of the company’s stock valued at $136,687,000 after acquiring an additional 1,567,849 shares during the period. Invesco Ltd. grew its stake in Kodiak Gas Services by 1.1% in the fourth quarter. Invesco Ltd. now owns 2,942,782 shares of the company’s stock valued at $120,154,000 after acquiring an additional 32,966 shares during the period. Vanguard Group Inc. grew its stake in Kodiak Gas Services by 52.3% in the fourth quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company’s stock valued at $108,568,000 after acquiring an additional 913,104 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in Kodiak Gas Services by 14.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,650,183 shares of the company’s stock valued at $67,379,000 after acquiring an additional 202,050 shares during the period. 24.95% of the stock is currently owned by institutional investors.

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.