Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $49.66, but opened at $47.75. Kodiak Gas Services shares last traded at $47.54, with a volume of 378,117 shares.
Analyst Ratings Changes
A number of equities research analysts recently commented on KGS shares. 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 report on Monday, November 11th. Raymond James lifted their price target 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. Barclays raised their price target on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Mizuho boosted their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a research report on Monday. Finally, Truist Financial raised their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Two research 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, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $41.09.
Check Out Our Latest Report on Kodiak Gas Services
Kodiak Gas Services Stock Down 0.8 %
The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 161.93 and a beta of 1.18. The firm's fifty day simple moving average is $43.03 and its two-hundred day simple moving average is $34.63. 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 declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 14th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.49%. Kodiak Gas Services's dividend payout ratio (DPR) is 565.54%.
Insider Activity
In related news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were 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 document filed with the SEC, which is available at this link. Also, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of Kodiak Gas Services 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 completion of the sale, the insider now owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. This trade represents a 9.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.
Institutional Trading of Kodiak Gas Services
Hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its position in Kodiak Gas Services by 34.2% during the second quarter. The Manufacturers Life Insurance Company now owns 13,877 shares of the company's stock worth $378,000 after buying an additional 3,540 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new position in Kodiak Gas Services in the second quarter valued at approximately $328,000. SG Americas Securities LLC acquired a new stake in Kodiak Gas Services in the 3rd quarter valued at $125,000. Exchange Traded Concepts LLC lifted its position in Kodiak Gas Services by 28.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 31,880 shares of the company's stock worth $925,000 after acquiring an additional 6,984 shares in the last quarter. Finally, Viking Fund Management LLC purchased a new position in shares of Kodiak Gas Services in the third quarter valued at $1,740,000. Institutional investors and hedge funds own 24.95% of the company's stock.
About Kodiak Gas Services
(
Get Free Report)
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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