Analysts Set Kodiak Gas Services, Inc. (NYSE:KGS) Price Target at $41.09

Kodiak Gas Services, Inc. (NYSE:KGS) has been assigned an average rating of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $41.09.

Several research analysts have issued reports on KGS shares. Mizuho raised their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Barclays increased their price objective on shares of 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. The Goldman Sachs Group boosted their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. 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 report on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their price objective 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.

Kodiak Gas Services Price Performance

Shares of KGS opened at $42.30 on Tuesday. The business has a 50-day moving average of $44.35 and a 200-day moving average of $36.49. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 145.88 and a beta of 1.18. Kodiak Gas Services has a 1 year low of $23.57 and a 1 year high of $50.43.

Kodiak Gas Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 3.88%. Kodiak Gas Services’s dividend payout ratio is presently 565.52%.

Insider Activity at Kodiak Gas Services

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the transaction, the insider now directly owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of KGS. FMR LLC grew its holdings in shares of Kodiak Gas Services by 444.4% during the third quarter. FMR LLC now owns 4,889,804 shares of the company’s stock valued at $141,804,000 after buying an additional 3,991,630 shares during the last quarter. Encompass Capital Advisors LLC bought a new position in Kodiak Gas Services in the 4th quarter valued at about $66,122,000. Zimmer Partners LP lifted its position in Kodiak Gas Services by 88.1% in the 4th quarter. Zimmer Partners LP now owns 3,347,700 shares of the company’s stock valued at $136,687,000 after acquiring an additional 1,567,849 shares in the last quarter. Wellington Management Group LLP acquired a new position in Kodiak Gas Services during the 3rd quarter valued at about $44,558,000. Finally, Vanguard Group Inc. increased its holdings in Kodiak Gas Services by 52.3% during the 4th quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company’s stock worth $108,568,000 after purchasing an additional 913,104 shares in the last quarter. Institutional investors and hedge funds 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.