Barclays Issues Pessimistic Forecast for Kodiak Gas Services (NYSE:KGS) Stock Price

Kodiak Gas Services (NYSE:KGS - Free Report) had its target price cut by Barclays from $44.00 to $41.00 in a research report sent to investors on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other brokerages also recently weighed in on KGS. Raymond James reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Citigroup increased their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Royal Bank of Canada set a $45.00 target price on shares of Kodiak Gas Services and gave the stock an "outperform" rating in a research report on Tuesday, March 11th. The Goldman Sachs Group raised their price target 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. Finally, Truist Financial boosted their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $41.91.

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Kodiak Gas Services Trading Up 3.8 %

NYSE:KGS traded up $1.43 during trading hours on Friday, reaching $39.23. 574,634 shares of the company were exchanged, compared to its average volume of 721,961. Kodiak Gas Services has a 52-week low of $24.84 and a 52-week high of $50.43. The stock has a 50 day simple moving average of $43.30 and a 200 day simple moving average of $38.03. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 135.26 and a beta of 1.30. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.15). The firm had revenue of $309.52 million during 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, analysts predict that Kodiak Gas Services will post 1.12 EPS for the current 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 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 4.18%. Kodiak Gas Services's dividend payout ratio (DPR) is 277.97%.

Insider Activity

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total value of $177,112,157.50. Following the sale, the insider now owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. This trade represents a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.18% of the company's stock.

Institutional Trading of Kodiak Gas Services

Several hedge funds have recently added to or reduced their stakes in KGS. GAMMA Investing LLC increased its stake in Kodiak Gas Services by 94.7% during the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company's stock valued at $29,000 after buying an additional 342 shares during the period. Comerica Bank raised its position in Kodiak Gas Services by 710.1% in the fourth quarter. Comerica Bank now owns 721 shares of the company's stock worth $29,000 after acquiring an additional 632 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Kodiak Gas Services by 1,322.6% in the 4th quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock valued at $31,000 after acquiring an additional 701 shares during the last quarter. Amalgamated Bank boosted its position in shares of Kodiak Gas Services by 112.6% during the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company's stock valued at $45,000 after purchasing an additional 588 shares in the last quarter. Finally, Transcendent Capital Group LLC acquired a new position in Kodiak Gas Services in the fourth quarter worth approximately $49,000. 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.