Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday after Citigroup raised their price target on the stock from $41.00 to $48.00. Citigroup currently has a buy rating on the stock. Kodiak Gas Services traded as high as $44.67 and last traded at $44.44, with a volume of 116611 shares. The stock had previously closed at $42.82.
Several other research analysts also recently weighed in on the company. Royal Bank of Canada increased their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. Redburn Atlantic started coverage on shares of Kodiak Gas Services in a research note on Thursday, September 19th. They issued a "buy" rating and a $35.00 target price for the company. Bank of America started coverage on shares of Kodiak Gas Services in a report on Wednesday, September 18th. They issued a "buy" rating and a $30.00 price objective for the company. Mizuho assumed coverage on shares of Kodiak Gas Services in a report on Wednesday, October 2nd. They set an "outperform" rating and a $36.00 target price on the stock. Finally, The Goldman Sachs Group raised their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Kodiak Gas Services has a consensus rating of "Moderate Buy" and a consensus target price of $39.36.
Read Our Latest Report on KGS
Insider Buying and Selling at Kodiak Gas Services
In other news, insider Ewan William Hamilton sold 3,000 shares of the company's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total value of $121,350.00. Following the completion of the sale, the insider now owns 31,745 shares of the company's stock, valued at approximately $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 accessible through this link. Insiders own 0.18% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new position in Kodiak Gas Services during the 3rd quarter valued at $610,000. Victory Capital Management Inc. bought a new stake in shares of Kodiak Gas Services in the 3rd quarter worth approximately $2,974,000. Chesapeake Capital Corp IL purchased a new stake in shares of Kodiak Gas Services in the 3rd quarter worth approximately $603,000. Barclays PLC boosted its holdings in Kodiak Gas Services by 209.3% in the third quarter. Barclays PLC now owns 42,350 shares of the company's stock worth $1,228,000 after acquiring an additional 28,658 shares in the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Kodiak Gas Services in the third quarter worth $598,000. 24.95% of the stock is owned by institutional investors.
Kodiak Gas Services Price Performance
The stock has a market capitalization of $3.96 billion, a P/E ratio of 156.11 and a beta of 1.15. The firm has a fifty day moving average price of $39.84 and a two-hundred day moving average price of $32.52. 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 Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a dividend of $0.41 per share. The ex-dividend date was Friday, November 1st. This represents a $1.64 annualized dividend and a yield of 3.62%. Kodiak Gas Services's dividend payout ratio is 565.52%.
About Kodiak Gas Services
(
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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.
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