Kodiak Gas Services (NYSE:KGS - Free Report) had its price objective boosted by Mizuho from $47.00 to $55.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have an outperform rating on the stock.
Several other equities analysts also recently weighed in on the company. Barclays increased their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. Truist Financial upped their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Citigroup increased their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. 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. Finally, JPMorgan Chase & Co. increased their price target on Kodiak Gas Services from $34.00 to $42.00 and gave the company a "neutral" rating in a research note on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.09.
Check Out Our Latest Analysis on KGS
Kodiak Gas Services Stock Performance
NYSE KGS traded up $0.77 on Monday, hitting $47.72. 1,546,627 shares of the company's stock were exchanged, compared to its average volume of 1,103,827. The firm has a market cap of $4.18 billion, a price-to-earnings ratio of 164.54 and a beta of 1.18. Kodiak Gas Services has a fifty-two week low of $22.98 and a fifty-two week high of $50.43. The firm's 50-day moving average price is $43.33 and its two-hundred day moving average price is $34.85. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93.
Kodiak Gas Services Dividend Announcement
The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.64 annualized dividend and a yield of 3.44%. Kodiak Gas Services's dividend payout ratio is currently 565.54%.
Insider Buying and Selling
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. Also, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the completion of the transaction, the insider now directly owns 34,771,323 shares of the company's stock, valued at approximately $1,651,637,842.50. This trade represents a 9.68 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.
Institutional Trading of Kodiak Gas Services
Several institutional investors and hedge funds have recently bought and sold shares of KGS. GAMMA Investing LLC lifted its holdings in Kodiak Gas Services by 94.7% during the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company's stock worth $29,000 after purchasing an additional 342 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Kodiak Gas Services by 112.6% during the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company's stock worth $45,000 after buying an additional 588 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of Kodiak Gas Services during the fourth quarter worth $49,000. Mendota Financial Group LLC bought a new position in Kodiak Gas Services during the fourth quarter worth about $122,000. Finally, SG Americas Securities LLC bought a new position in Kodiak Gas Services during the third quarter worth about $125,000. Institutional investors own 24.95% of the company's stock.
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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