Kodiak Gas Services (NYSE:KGS) Hits New 52-Week High - Should You Buy?

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report)'s stock price hit a new 52-week high on Thursday . The stock traded as high as $50.26 and last traded at $50.04, with a volume of 312162 shares changing hands. The stock had previously closed at $48.05.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KGS. The Goldman Sachs Group increased their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Citigroup increased their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Raymond James raised their price objective on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Royal Bank of Canada raised their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Monday, November 11th. Finally, Mizuho raised their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a research report on Monday. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Kodiak Gas Services currently has an average rating of "Moderate Buy" and a consensus price target of $41.09.

Kodiak Gas Services Price Performance

The stock has a fifty day moving average of $42.88 and a two-hundred day moving average of $34.50. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 163.23 and a beta of 1.18. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 14th will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.46%. Kodiak Gas Services's dividend payout ratio (DPR) is presently 565.54%.

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 dated 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 directly owns 31,745 shares of the company's stock, valued at $1,284,085.25. This represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company's stock.

Institutional Trading of Kodiak Gas Services

Several institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Investment Management LLC bought a new stake in Kodiak Gas Services in the fourth quarter valued at approximately $233,000. Principal Financial Group Inc. raised its stake in Kodiak Gas Services by 14.2% in the fourth quarter. Principal Financial Group Inc. now owns 24,013 shares of the company's stock valued at $980,000 after buying an additional 2,993 shares during the period. Rhumbline Advisers raised its stake in Kodiak Gas Services by 53.2% in the fourth quarter. Rhumbline Advisers now owns 44,042 shares of the company's stock valued at $1,798,000 after buying an additional 15,285 shares during the period. Augustine Asset Management Inc. increased its stake in shares of Kodiak Gas Services by 1,761.2% during the fourth quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company's stock worth $26,141,000 after purchasing an additional 605,844 shares during the period. Finally, Kestra Private Wealth Services LLC increased its stake in shares of Kodiak Gas Services by 57.7% during the fourth quarter. Kestra Private Wealth Services LLC now owns 18,634 shares of the company's stock worth $761,000 after purchasing an additional 6,818 shares during the period. Institutional investors 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.