Kodiak Gas Services (NYSE:KGS) Price Target Lowered to $41.00 at Barclays

Kodiak Gas Services (NYSE:KGS) had its price target trimmed by Barclays from $44.00 to $41.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts have also recently issued research reports about the company. The Goldman Sachs Group upped their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Truist Financial upped their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Mizuho upped their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the company an “outperform” rating in a research note on Tuesday, March 11th. Finally, Citigroup increased their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.91.

Kodiak Gas Services Stock Performance

Shares of Kodiak Gas Services stock opened at $37.85 on Friday. The firm has a fifty day moving average of $43.30 and a two-hundred day moving average of $37.86. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 130.51 and a beta of 1.30. Kodiak Gas Services has a 52 week low of $24.84 and a 52 week high of $50.43. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27.

Kodiak Gas Services (NYSE:KGS) last issued 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 business had revenue of $309.52 million for the quarter, compared to analyst estimates of $323.82 million. As a group, equities research analysts predict that Kodiak Gas Services will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.33%. 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 stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the sale, the insider now directly owns 34,771,323 shares of the company’s stock, valued at approximately $1,651,637,842.50. This represents a 9.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Institutional Trading of Kodiak Gas Services

Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. acquired a new stake in shares of Kodiak Gas Services during the 3rd quarter worth $2,974,000. Principal Financial Group Inc. acquired a new stake in shares of Kodiak Gas Services during the 3rd quarter worth $610,000. Tidal Investments LLC acquired a new stake in shares of Kodiak Gas Services during the 3rd quarter worth $598,000. Barclays PLC grew its holdings in shares of Kodiak Gas Services by 209.3% during the 3rd quarter. Barclays PLC now owns 42,350 shares of the company’s stock worth $1,228,000 after purchasing an additional 28,658 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Kodiak Gas Services by 8.7% during the 3rd quarter. State Street Corp now owns 678,925 shares of the company’s stock worth $19,689,000 after purchasing an additional 54,202 shares in the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

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.