Kodiak Gas Services (NYSE:KGS – Free Report) The price target was raised by Stifel Nicolaus from $31.00 to $35.00 in a report published on Wednesday, Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.
Other research analysts have also issued research reports on the stock. Barclays began coverage on shares of Kodiak Gas Services in a report on Wednesday, July 17. They issued an equal-weight rating and a $29.00 price target on the stock. Truist Financial increased their price target on Kodiak Gas Services from $28.00 to $32.00 and gave the stock a buy rating in a research note on Friday, May 10. Raymond James increased their price target on Kodiak Gas Services from $30.00 to $32.00 and gave the company an outperform rating in a research note on Tuesday, April 16. Finally, Royal Bank of Canada increased their price target on Kodiak Gas Services from $28.00 to $30.00 and gave the stock an outperform rating in a report on Monday, May 20. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating. According to MarketBeat, Kodiak Gas Services currently has an average rating of Moderate Buy and an average price target of $31.00.
Check out our latest stock analysis on Kodiak Gas Services
Price development at Kodiak Gas Services
Kodiak Gas Services shares opened at $25.60 on Wednesday. The company’s 50-day moving average price is $27.21 and its 200-day moving average price is $26.65. Kodiak Gas Services has a twelve-month low of $16.72 and a twelve-month high of $29.75. The company has a liquidity of 1.11, a quick ratio of 0.76 and a debt-to-equity ratio of 1.60. The stock has a market cap of $2.16 billion, a P/E ratio of 29.09 and a beta of 0.92.
Kodiak Gas Services increases dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, August 16th. Shareholders of record on Monday, August 12th will receive a dividend of $0.41 per share. This represents an annualized dividend of $1.64 and a yield of 6.41%. This is a positive change from Kodiak Gas Services’ previous quarterly dividend of $0.38. The ex-dividend date is Monday, August 12th. Kodiak Gas Services’ payout ratio is currently 186.36%.
Hedge funds comment on Kodiak Gas Services
Hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd increased its holdings in shares of Kodiak Gas Services by 3.4% in the first quarter. Quadrature Capital Ltd now owns 27,642 shares of the company’s stock valued at $756,000 after acquiring an additional 906 shares in the last quarter. nVerses Capital LLC increased its holdings in Kodiak Gas Services by 90.9% in the second quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $57,000 after acquiring an additional 1,000 shares during the same period. Wellington Shields & Co. LLC increased its holdings in Kodiak Gas Services by 16.7% in the second quarter. Wellington Shields & Co. LLC now owns 7,000 shares of the company’s stock valued at $191,000 after acquiring an additional 1,000 shares in the last quarter. Counterpoint Mutual Funds LLC increased its stake in Kodiak Gas Services by 8.4% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 13,992 shares of the company’s stock valued at $281,000 after acquiring an additional 1,086 shares in the last quarter. Finally, Security National Bank acquired a new stake in Kodiak Gas Services in the 2nd quarter valued at around $39,000. 24.95% of the shares are currently owned by institutional investors and hedge funds.
Kodiak Gas Services Company Profile
(Get free report)
Kodiak Gas Services, Inc. operates contracted compression infrastructure for customers in the oil and gas industry in the United States. The Company operates in two segments: Compression Operations and Other Services. The Compression Operations segment operates Company-owned and customer-owned compression infrastructure to facilitate the production, gathering and transportation of natural gas and oil.
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