Kodiak Gas Services (NYSE:KGS) Hits New 52-Week High – Still a Buy?

Kodiak Gas Services, Inc. (NYSE:KGS) shares reached a new 52-week high on Monday . The company traded as high as $44.30 and last traded at $44.20, with a volume of 25330 shares changing hands. The stock had previously closed at $43.66.

Analyst Upgrades and Downgrades

KGS has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Mizuho initiated coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 price target on the stock. Barclays boosted their price objective 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. Royal Bank of Canada increased their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Bank of America initiated coverage on shares of Kodiak Gas Services in a report on Wednesday, September 18th. They issued a “buy” rating and a $30.00 price target for the company. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Kodiak Gas Services currently has an average rating of “Moderate Buy” and an average price target of $37.09.

Kodiak Gas Services Trading Up 0.8 %

The stock has a market capitalization of $3.85 billion, a PE ratio of 151.76 and a beta of 1.15. The company’s 50 day moving average price is $38.55 and its two-hundred day moving average price is $31.81. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend was Friday, November 1st. Kodiak Gas Services’s dividend payout ratio (DPR) is 565.52%.

Insider Transactions at Kodiak Gas Services

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total value of $121,350.00. Following the completion of the sale, the insider now directly owns 31,745 shares of the company’s stock, valued at $1,284,085.25. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Kodiak Gas Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new stake in shares of Kodiak Gas Services in the 3rd quarter valued at approximately $610,000. Victory Capital Management Inc. acquired a new position in Kodiak Gas Services in the third quarter valued at approximately $2,974,000. Chesapeake Capital Corp IL purchased a new position in Kodiak Gas Services in the third quarter worth approximately $603,000. Tidal Investments LLC acquired a new stake in Kodiak Gas Services during the third quarter worth $598,000. Finally, Barclays PLC raised its position in Kodiak Gas Services by 209.3% in the third quarter. Barclays PLC now owns 42,350 shares of the company’s stock valued at $1,228,000 after purchasing an additional 28,658 shares during the period. 24.95% of the stock is currently owned by institutional investors and hedge funds.

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.