Kodiak Gas Services (NYSE:KGS) Price Target Raised to $32.00

Kodiak Gas Services (NYSE:KGS) had its price objective lifted by Raymond James from $30.00 to $32.00 in a report released on Tuesday morning, Benzinga reports. They currently have an outperform rating on the stock.

Several other research firms have also issued reports on KGS. The Goldman Sachs Group boosted their price target on shares of Kodiak Gas Services from $27.00 to $31.00 and gave the company a buy rating in a research report on Wednesday, April 10th. Truist Financial lowered their price target on shares of Kodiak Gas Services from $25.00 to $23.00 and set a buy rating on the stock in a research report on Wednesday, December 20th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Kodiak Gas Services from $27.00 to $28.00 and gave the company a neutral rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Kodiak Gas Services has an average rating of Moderate Buy and a consensus target price of $26.14.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $26.46 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 1.10 and a debt-to-equity ratio of 1.57. Kodiak Gas Services has a 52 week low of $15.05 and a 52 week high of $29.00. The firm’s 50-day simple moving average is $26.14 and its two-hundred day simple moving average is $21.66.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $225.98 million for the quarter, compared to analyst estimates of $224.45 million. On average, equities research analysts forecast that Kodiak Gas Services will post 1.82 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 16th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date was Thursday, February 15th.

Insider Buying and Selling

In other news, Director Margaret C. Montana bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average price of $25.25 per share, with a total value of $50,500.00. Following the acquisition, the director now owns 16,375 shares of the company’s stock, valued at approximately $413,468.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by insiders.

Institutional Trading of Kodiak Gas Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. Amalgamated Bank bought a new stake in Kodiak Gas Services during the 3rd quarter worth approximately $32,000. Deutsche Bank AG purchased a new position in Kodiak Gas Services in the 3rd quarter worth approximately $38,000. PNC Financial Services Group Inc. purchased a new position in Kodiak Gas Services in the 4th quarter worth approximately $46,000. Barclays PLC purchased a new position in Kodiak Gas Services in the 3rd quarter worth approximately $53,000. Finally, Strs Ohio purchased a new position in Kodiak Gas Services in the 3rd quarter worth approximately $57,000. 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.