Analysts Set Kodiak Gas Services, Inc. (NYSE:KGS) PT at $41.09

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) has been given an average rating of "Moderate Buy" by the eleven analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $41.09.

A number of research analysts have recently weighed in on the stock. Citigroup increased 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 report on Tuesday, January 14th. Royal Bank of Canada upped their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Raymond James upped their price target on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their price target on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the company a "neutral" rating in a research note on Friday, November 29th. Finally, Mizuho upped their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd.

Insiders Place Their Bets

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the 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 directly owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company's stock.

Institutional Trading of Kodiak Gas Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. purchased a new stake in shares of Kodiak Gas Services during the 3rd quarter valued at $2,974,000. Principal Financial Group Inc. bought a new stake in Kodiak Gas Services in the 3rd quarter worth $610,000. Chesapeake Capital Corp IL purchased a new stake in shares of Kodiak Gas Services in the 3rd quarter worth about $603,000. Tidal Investments LLC purchased a new stake in shares of Kodiak Gas Services in the 3rd quarter worth about $598,000. Finally, Barclays PLC lifted its position in shares of Kodiak Gas Services by 209.3% in the 3rd quarter. Barclays PLC now owns 42,350 shares of the company's stock worth $1,228,000 after purchasing an additional 28,658 shares during the period. Hedge funds and other institutional investors own 24.95% of the company's stock.

Kodiak Gas Services Stock Performance

Shares of Kodiak Gas Services stock traded down $1.40 on Tuesday, reaching $43.67. 780,169 shares of the company traded hands, compared to its average volume of 1,041,773. Kodiak Gas Services has a 52 week low of $23.57 and a 52 week high of $50.43. The company has a 50 day moving average of $44.28 and a 200 day moving average of $36.15. The firm has a market capitalization of $3.82 billion, a PE ratio of 150.57 and a beta of 1.18. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 14th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.76%. The ex-dividend date is Friday, February 14th. Kodiak Gas Services's dividend payout ratio is presently 565.54%.

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.