Kodiak Gas Services, Inc. (NYSE:KGS) Receives Average Rating of "Moderate Buy" from Brokerages

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) has received an average recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $37.09.

KGS has been the topic of several research reports. The Goldman Sachs Group upped their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Bank of America initiated coverage on Kodiak Gas Services in a research report on Wednesday, September 18th. They issued a "buy" rating and a $30.00 target price on the stock. Mizuho began coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $36.00 target price on the stock. Barclays upped their price target on Kodiak Gas Services from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Monday, October 7th. Finally, Citigroup began coverage on Kodiak Gas Services in a research note on Friday, September 27th. They set a "buy" rating and a $35.00 price target for the company.

Insider Activity at Kodiak Gas Services

In related news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total transaction of $121,350.00. Following the completion of the sale, the insider now owns 31,745 shares in the company, valued at $1,284,085.25. This represents a 8.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by corporate insiders.

Institutional Trading of Kodiak Gas Services

Hedge funds have recently added to or reduced their stakes in the business. Security National Bank bought a new stake in shares of Kodiak Gas Services in the 2nd quarter worth approximately $39,000. HWG Holdings LP bought a new stake in shares of Kodiak Gas Services in the 2nd quarter worth approximately $40,000. nVerses Capital LLC lifted its position in shares of Kodiak Gas Services by 90.9% in the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock worth $57,000 after acquiring an additional 1,000 shares during the period. SG Americas Securities LLC bought a new stake in shares of Kodiak Gas Services in the 3rd quarter worth approximately $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Kodiak Gas Services by 115.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company's stock worth $155,000 after acquiring an additional 3,045 shares during the period. Institutional investors own 24.95% of the company's stock.

Kodiak Gas Services Stock Up 2.9 %

KGS stock traded up $1.16 during mid-day trading on Thursday, hitting $41.86. The stock had a trading volume of 518,010 shares, compared to its average volume of 541,358. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. Kodiak Gas Services has a 1-year low of $17.52 and a 1-year high of $42.02. The company has a fifty day moving average of $34.35 and a 200 day moving average of $29.69. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 144.35 and a beta of 1.14.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.64 annualized dividend and a yield of 3.92%. Kodiak Gas Services's payout ratio is 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.