Kodiak Gas Services (NYSE:KGS) Price Target Raised to $44.00

Kodiak Gas Services (NYSE:KGS) had its price target boosted by The Goldman Sachs Group from $32.00 to $44.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts also recently weighed in on KGS. Raymond James increased their price target on Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Royal Bank of Canada raised their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Mizuho assumed coverage on Kodiak Gas Services in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price target for the company. Redburn Atlantic began coverage on shares of Kodiak Gas Services in a research note on Thursday, September 19th. They set a “buy” rating and a $35.00 price objective on the stock. Finally, Bank of America assumed coverage on shares of Kodiak Gas Services in a research note on Wednesday, September 18th. They issued a “buy” rating and a $30.00 target price for the company. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $35.82.

Kodiak Gas Services Stock Up 0.4 %

Shares of NYSE KGS opened at $39.89 on Tuesday. Kodiak Gas Services has a 1 year low of $17.50 and a 1 year high of $41.25. The firm’s 50-day moving average is $32.55 and its 200-day moving average is $29.01. 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 market capitalization of $3.49 billion, a PE ratio of 137.73 and a beta of 0.79.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were given a dividend of $0.41 per share. The ex-dividend date was Friday, November 1st. This represents a $1.64 annualized dividend and a dividend yield of 4.11%. Kodiak Gas Services’s dividend payout ratio is currently 565.54%.

Insider Buying and Selling

In related news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 31,745 shares in the company, 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 SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kodiak Gas Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Security National Bank bought a new stake in Kodiak Gas Services during the second quarter worth about $39,000. HWG Holdings LP acquired a new position in shares of Kodiak Gas Services during the 2nd quarter worth approximately $40,000. nVerses Capital LLC raised its stake in shares of Kodiak Gas Services by 90.9% during the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after purchasing an additional 1,000 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Kodiak Gas Services in the 3rd quarter valued at approximately $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted 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 last quarter. 24.95% of the stock is owned by institutional investors.

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.