Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report)'s share price fell 5.8% on Friday . The stock traded as low as $32.56 and last traded at $32.48. 524,812 shares traded hands during mid-day trading, a decline of 52% from the average session volume of 1,100,260 shares. The stock had previously closed at $34.48.
Analyst Ratings Changes
A number of equities research analysts have issued reports on KGS shares. Barclays increased their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company an "equal weight" rating in a report on Monday, January 13th. Raymond James reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday. JPMorgan Chase & Co. boosted their price target on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the stock a "neutral" rating in a research note on Friday, November 29th. The Goldman Sachs Group lifted their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Finally, Royal Bank of Canada boosted their target price 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. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Kodiak Gas Services has a consensus rating of "Moderate Buy" and an average target price of $41.73.
Get Our Latest Stock Report on Kodiak Gas Services
Kodiak Gas Services Stock Up 4.9 %
The company's 50 day moving average is $44.16 and its 200 day moving average is $37.38. The company has a market cap of $3.06 billion, a PE ratio of 120.38 and a beta of 1.30. 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 (NYSE:KGS - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.15). The company had revenue of $309.52 million for the quarter, compared to analysts' expectations of $323.82 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. As a group, analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.
Kodiak Gas Services Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services's dividend payout ratio is 277.97%.
Insider Transactions at Kodiak Gas Services
In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the sale, the insider now owns 34,771,323 shares of the company's stock, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.18% of the company's stock.
Institutional Investors Weigh In On Kodiak Gas Services
Institutional investors have recently bought and sold shares of the company. FMR LLC lifted its holdings in shares of Kodiak Gas Services by 444.4% during the 3rd quarter. FMR LLC now owns 4,889,804 shares of the company's stock valued at $141,804,000 after purchasing an additional 3,991,630 shares during the last quarter. Encompass Capital Advisors LLC acquired a new position in Kodiak Gas Services during the 4th quarter valued at about $66,122,000. Zimmer Partners LP raised its stake in Kodiak Gas Services by 88.1% in the fourth quarter. Zimmer Partners LP now owns 3,347,700 shares of the company's stock valued at $136,687,000 after buying an additional 1,567,849 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Kodiak Gas Services in the third quarter worth about $44,558,000. Finally, Vanguard Group Inc. grew its stake in shares of Kodiak Gas Services by 52.3% during the fourth quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company's stock worth $108,568,000 after acquiring an additional 913,104 shares during the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.
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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