Research Analysts’ Recent Ratings Updates for Kodiak Gas Services (KGS)

A number of firms have modified their ratings and price targets on shares of Kodiak Gas Services (NYSE: KGS) recently:

• 11/26/2024 – Kodiak Gas Services had its price target raised by analysts at The Goldman Sachs Group, Inc. from $32.00 to $44.00. They now have a “buy” rating on the stock.
• 11/11/2024 – Kodiak Gas Services had its price target raised by analysts at Royal Bank of Canada from $35.00 to $40.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Kodiak Gas Services had its price target raised by analysts at Raymond James from $35.00 to $39.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Kodiak Gas Services had its price target raised by analysts at Truist Financial Co. from $35.00 to $40.00. They now have a “buy” rating on the stock.
• 10/16/2024 – Kodiak Gas Services had its price target raised by analysts at Royal Bank of Canada from $31.00 to $35.00. They now have an “outperform” rating on the stock.
• 10/7/2024 – Kodiak Gas Services had its price target raised by analysts at Barclays PLC from $29.00 to $32.00. They now have an “equal weight” rating on the stock.
• 10/2/2024 – Kodiak Gas Services is now covered by analysts at Mizuho. They set an “outperform” rating and a $36.00 price target on the stock.

Kodiak Gas Services Stock Up 1.5 %

Shares of Kodiak Gas Services stock traded up $0.60 on Friday, hitting $40.42. 227,237 shares of the company traded hands, compared to its average volume of 534,554. The company has a 50-day moving average price of $33.22 and a 200 day moving average price of $29.24. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. Kodiak Gas Services, Inc. has a 12-month low of $17.50 and a 12-month high of $41.25. The company has a market cap of $3.54 billion, a PE ratio of 139.38 and a beta of 0.79.

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 issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend was Friday, November 1st. Kodiak Gas Services’s dividend payout ratio is currently 565.54%.

Insider Activity

In related news, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction on Thursday, November 21st. The shares were 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 owns 31,745 shares of the company’s stock, valued at approximately $1,284,085.25. The trade was a 8.63 % decrease in their position. The transaction 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 Investors Weigh In On Kodiak Gas Services

Institutional investors and hedge funds have recently modified their holdings of the business. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Kodiak Gas Services in the 2nd quarter valued at $913,000. Principal Financial Group Inc. acquired a new position in Kodiak Gas Services during the 3rd quarter worth $610,000. Victory Capital Management Inc. acquired a new position in Kodiak Gas Services during the 3rd quarter worth $2,974,000. Public Employees Retirement System of Ohio acquired a new position in Kodiak Gas Services during the 1st quarter worth $1,046,000. Finally, Chesapeake Capital Corp IL acquired a new position in Kodiak Gas Services during the 3rd quarter worth $603,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

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.