Kodiak Gas Services (NYSE:KGS) Trading 5.8% Higher on Analyst Upgrade

Kodiak Gas Services, Inc. (NYSE:KGS) was up 5.8% during trading on Wednesday after Truist Financial raised their price target on the stock from $45.00 to $47.00. Truist Financial currently has a buy rating on the stock. Kodiak Gas Services traded as high as $37.60 and last traded at $37.33. Approximately 628,649 shares traded hands during mid-day trading, a decline of 46% from the average daily volume of 1,158,667 shares. The stock had previously closed at $35.30.

Other research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. raised their price objective on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, November 29th. Royal Bank of Canada raised their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Citigroup upped their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Raymond James reissued an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday. Finally, Mizuho raised their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and an average target price of $42.18.

Insiders Place Their Bets

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the transaction, the insider now directly owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kodiak Gas Services

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jefferies Financial Group Inc. bought a new stake in shares of Kodiak Gas Services in the fourth quarter worth $5,657,000. HWG Holdings LP grew its stake in Kodiak Gas Services by 6.3% in the fourth quarter. HWG Holdings LP now owns 86,066 shares of the company’s stock worth $3,514,000 after purchasing an additional 5,134 shares in the last quarter. United Advisor Group LLC increased its holdings in Kodiak Gas Services by 4.4% in the fourth quarter. United Advisor Group LLC now owns 12,281 shares of the company’s stock valued at $501,000 after buying an additional 519 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Kodiak Gas Services by 57.9% during the fourth quarter. Public Employees Retirement System of Ohio now owns 56,963 shares of the company’s stock valued at $2,326,000 after buying an additional 20,899 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Kodiak Gas Services by 15.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 46,986 shares of the company’s stock worth $1,918,000 after buying an additional 6,380 shares during the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Trading Up 5.2 %

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 company has a market cap of $3.25 billion, a price-to-earnings ratio of 128.14 and a beta of 1.30. The firm has a 50-day moving average price of $44.05 and a 200 day moving average price of $37.44.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.15). The business had revenue of $309.52 million during the quarter, compared to the consensus estimate of $323.82 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. As a group, sell-side analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were issued a dividend of $0.41 per share. The ex-dividend date was Friday, February 14th. This represents a $1.64 annualized dividend and a yield of 4.42%. Kodiak Gas Services’s payout ratio is 277.97%.

Kodiak Gas Services Company Profile

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.