Kodiak Gas Services (NYSE:KGS) Price Target Lowered to $36.00 at Barclays

Kodiak Gas Services (NYSE:KGS) had its target price trimmed by Barclays from $41.00 to $36.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other brokerages also recently issued reports on KGS. Mizuho boosted their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Royal Bank of Canada set a $45.00 price target on shares of Kodiak Gas Services and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Raymond James restated an “outperform” rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Citigroup raised their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, Truist Financial increased their target price on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $41.45.

Kodiak Gas Services Stock Up 1.3 %

Shares of KGS stock opened at $33.91 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. Kodiak Gas Services has a 12 month low of $24.84 and a 12 month high of $50.43. The stock has a market cap of $3.01 billion, a P/E ratio of 116.94 and a beta of 1.52. The company has a 50 day simple moving average of $38.34 and a two-hundred day simple moving average of $38.76.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.15). Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The company had revenue of $309.52 million during the quarter, compared to analysts’ expectations of $323.82 million. On average, research analysts expect that Kodiak Gas Services will post 1.12 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services’s payout ratio is 277.97%.

Insiders Place Their Bets

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the sale, the insider now directly owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.27% of the company’s stock.

Institutional Trading of Kodiak Gas Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after acquiring an additional 342 shares during the last quarter. Comerica Bank lifted its stake in Kodiak Gas Services by 710.1% in the fourth quarter. Comerica Bank now owns 721 shares of the company’s stock worth $29,000 after purchasing an additional 632 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Kodiak Gas Services by 1,322.6% during the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company’s stock valued at $31,000 after buying an additional 701 shares during the period. Amalgamated Bank grew its stake in shares of Kodiak Gas Services by 112.6% during the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock valued at $45,000 after buying an additional 588 shares during the last quarter. Finally, Transcendent Capital Group LLC bought a new position in shares of Kodiak Gas Services during the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

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.