Kodiak Gas Services (NYSE:KGS) Sets New 52-Week High – Should You Buy?

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

Wall Street Analyst Weigh In

KGS has been the subject of a number of research reports. Barclays raised their target price on Kodiak Gas Services from $29.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Redburn Atlantic started coverage on shares of Kodiak Gas Services in a research report on Thursday, September 19th. They issued a “buy” rating and a $35.00 price objective for the company. Mizuho began coverage on shares of 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. Raymond James increased their price target on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Citigroup started coverage on shares of Kodiak Gas Services in a research report on Friday, September 27th. They issued a “buy” rating and a $35.00 price objective for the company. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Kodiak Gas Services has an average rating of “Moderate Buy” and an average price target of $37.09.

Kodiak Gas Services Trading Down 2.7 %

The business’s 50 day simple moving average is $39.00 and its 200-day simple moving average is $32.09. 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 stock has a market capitalization of $3.71 billion, a P/E ratio of 146.21 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. Stockholders of record on Friday, November 1st were given a $0.41 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.64 annualized dividend and a dividend yield of 3.87%. Kodiak Gas Services’s dividend payout ratio is currently 565.52%.

Insider Buying and Selling

In related news, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total transaction of $121,350.00. Following the transaction, the insider now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by insiders.

Institutional Investors Weigh In On Kodiak Gas Services

Large investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of 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 buying an additional 3,045 shares during the period. Rhumbline Advisers grew its stake in Kodiak Gas Services by 36.4% in the second quarter. Rhumbline Advisers now owns 29,943 shares of the company’s stock valued at $816,000 after acquiring an additional 7,995 shares during the period. Arizona State Retirement System acquired a new position in Kodiak Gas Services in the second quarter valued at about $205,000. Pier Capital LLC bought a new stake in shares of Kodiak Gas Services in the second quarter worth about $4,558,000. Finally, Wellington Shields & Co. LLC raised its position in shares of Kodiak Gas Services by 16.7% during the second quarter. Wellington Shields & Co. LLC now owns 7,000 shares of the company’s stock worth $191,000 after purchasing an additional 1,000 shares during the period. 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.