Brokerages Set Kodiak Gas Services, Inc. (NYSE:KGS) PT at $37.09

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $37.09.

A number of equities analysts have weighed in on KGS shares. Bank of America began coverage on Kodiak Gas Services in a research note on Wednesday, September 18th. They set a “buy” rating and a $30.00 price objective for the company. Barclays lifted their price target on Kodiak Gas Services from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. The Goldman Sachs Group upped their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Redburn Atlantic initiated coverage on shares of Kodiak Gas Services in a report on Thursday, September 19th. They set a “buy” rating and a $35.00 target price for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of 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 Trading Down 0.2 %

NYSE KGS opened at $40.83 on Monday. Kodiak Gas Services has a 1 year low of $20.01 and a 1 year high of $44.20. 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 $3.58 billion, a PE ratio of 140.80 and a beta of 1.13. The company has a fifty day moving average of $38.08 and a 200 day moving average of $31.58.

Kodiak Gas Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were given a $0.41 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.64 annualized dividend and a dividend yield of 4.02%. Kodiak Gas Services’s dividend payout ratio (DPR) is 565.52%.

Insider Buying and Selling

In other news, insider Ewan William Hamilton sold 3,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $40.45, for a total value of $121,350.00. Following the transaction, the insider now directly owns 31,745 shares of the company’s stock, valued at approximately $1,284,085.25. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

Institutional Trading of Kodiak Gas Services

Hedge funds have recently bought and sold shares of the business. HWG Holdings LP acquired a new stake in shares of Kodiak Gas Services in the 2nd quarter worth $40,000. nVerses Capital LLC increased its position in Kodiak Gas Services by 90.9% during the second quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after purchasing an additional 1,000 shares during the last quarter. SG Americas Securities LLC purchased a new position in Kodiak Gas Services during the third quarter worth about $125,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Kodiak Gas Services by 115.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company’s stock valued at $155,000 after purchasing an additional 3,045 shares during the last quarter. Finally, Wellington Shields & Co. LLC grew its stake in shares of Kodiak Gas Services by 16.7% in the 2nd quarter. Wellington Shields & Co. LLC now owns 7,000 shares of the company’s stock valued at $191,000 after buying an additional 1,000 shares during the period. 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.