Kodiak Gas Services (NYSE:KGS) Price Target Raised to $48.00

Kodiak Gas Services (NYSE:KGS) had its price target lifted by Citigroup from $41.00 to $48.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts also recently issued reports about the stock. The Goldman Sachs Group boosted 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 report on Tuesday, November 26th. Raymond James increased their price objective on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Mizuho initiated coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 target price on the stock. Redburn Atlantic began coverage on Kodiak Gas Services in a research report on Thursday, September 19th. They issued a “buy” rating and a $35.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a report on Friday, November 29th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and an average target price of $39.36.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $47.05 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The firm has a fifty day simple moving average of $40.58 and a two-hundred day simple moving average of $32.84. Kodiak Gas Services has a 12 month low of $20.84 and a 12 month high of $47.39. The firm has a market capitalization of $4.12 billion, a PE ratio of 162.23 and a beta of 1.15.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.64 annualized dividend and a yield of 3.49%. Kodiak Gas Services’s payout ratio is currently 565.52%.

Insider Buying and Selling

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction on 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 approximately $1,284,085.25. This represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Mendota Financial Group LLC purchased a new stake in Kodiak Gas Services in the 4th quarter worth about $122,000. GAMMA Investing LLC boosted its position in Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after purchasing an additional 342 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Kodiak Gas Services by 55.6% in the third quarter. JPMorgan Chase & Co. now owns 110,425 shares of the company’s stock worth $3,202,000 after purchasing an additional 39,477 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Kodiak Gas Services in the third quarter valued at approximately $610,000. Finally, B. Riley Wealth Advisors Inc. lifted its stake in shares of Kodiak Gas Services by 3.4% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company’s stock valued at $371,000 after buying an additional 405 shares in the last quarter. Hedge funds and other institutional investors 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.