Kodiak Gas Services (NYSE:KGS) Reaches New 52-Week High - What's Next?

Shares of Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $44.30 and last traded at $44.20, with a volume of 25330 shares changing hands. The stock had previously closed at $43.66.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Raymond James lifted their target price on Kodiak Gas Services from $35.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Truist Financial lifted their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, November 8th. The Goldman Sachs Group upped their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Barclays raised their target price on shares of 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, Mizuho began coverage on shares of Kodiak Gas Services in a research note on Wednesday, October 2nd. They set an "outperform" rating and a $36.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of "Moderate Buy" and an average target price of $37.09.

Kodiak Gas Services Stock Performance

The stock's fifty day simple moving average is $38.55 and its 200-day simple moving average is $31.81. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $3.82 billion, a PE ratio of 150.32 and a beta of 1.15.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were issued 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 3.76%. Kodiak Gas Services's dividend payout ratio is presently 565.52%.

Insiders Place Their Bets

In other news, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction 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 transaction, the insider now owns 31,745 shares of the company's stock, valued at $1,284,085.25. The trade was a 8.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kodiak Gas Services

Several hedge funds have recently added to or reduced their stakes in KGS. GAMMA Investing LLC grew its position in shares of Kodiak Gas Services by 94.7% in the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company's stock valued at $29,000 after purchasing an additional 342 shares during the last quarter. HWG Holdings LP purchased a new position in Kodiak Gas Services during the second quarter worth $40,000. SG Americas Securities LLC purchased a new position in Kodiak Gas Services during the third quarter worth $125,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Kodiak Gas Services by 115.1% in the second 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 last quarter. Finally, Wellington Shields & Co. LLC lifted its position in shares of Kodiak Gas Services by 16.7% in the second quarter. Wellington Shields & Co. LLC now owns 7,000 shares of the company's stock valued at $191,000 after acquiring an additional 1,000 shares in the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

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.