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

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

Several other equities analysts also recently commented on the company. The Goldman Sachs Group boosted their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Royal Bank of Canada set a $45.00 price objective on shares of Kodiak Gas Services and gave the company an "outperform" rating in a report on Tuesday, March 11th. JPMorgan Chase & Co. boosted their target price on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the stock a "neutral" rating in a report on Friday, November 29th. Citigroup raised their target price on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Finally, Mizuho boosted their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $41.91.

Kodiak Gas Services Stock Performance

Shares of NYSE KGS traded up $0.01 during trading on Friday, hitting $39.24. The company had a trading volume of 227,493 shares, compared to its average volume of 721,901. Kodiak Gas Services has a 12 month low of $24.84 and a 12 month high of $50.43. 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 firm has a market capitalization of $3.48 billion, a P/E ratio of 135.27 and a beta of 1.30. The stock has a 50 day simple moving average of $43.23 and a 200 day simple moving average of $38.11.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly 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 firm had revenue of $309.52 million for the quarter, compared to analysts' expectations 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 anticipate that Kodiak Gas Services will post 1.12 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

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. This represents a $1.64 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services's payout ratio is 277.97%.

Insider Buying and Selling

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business'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 transaction of $177,112,157.50. Following the completion of the transaction, the insider now owns 34,771,323 shares in the company, valued at $1,651,637,842.50. The trade was a 9.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by insiders.

Institutional Trading of Kodiak Gas Services

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in Kodiak Gas Services by 94.7% in the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company's stock worth $29,000 after acquiring an additional 342 shares in the last quarter. Comerica Bank raised its holdings in shares of 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 buying an additional 632 shares during the last quarter. Sterling Capital Management LLC lifted its stake 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 grew its holdings 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 valued at $45,000 after buying an additional 588 shares during the last quarter. Finally, Transcendent Capital Group LLC acquired a new position in shares of Kodiak Gas Services in the 4th quarter valued at $49,000. Institutional investors and hedge funds 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.