Kodiak Gas Services (NYSE:KGS) Given New $32.00 Price Target at Raymond James

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

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

Kodiak Gas Services Stock Performance

Shares of KGS opened at $26.55 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. The business’s 50-day moving average is $26.03 and its 200-day moving average is $21.60. Kodiak Gas Services has a fifty-two week low of $15.05 and a fifty-two week high of $29.00.

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

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 16th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 5.73%. The ex-dividend date was Thursday, February 15th.

Insider Buying and Selling

In other Kodiak Gas Services news, Director Margaret C. Montana purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was bought at an average cost of $25.25 per share, for a total transaction of $50,500.00. Following the completion of the acquisition, the director now directly owns 16,375 shares in the company, valued at $413,468.75. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KGS. Amalgamated Bank bought a new position in Kodiak Gas Services during the third quarter valued at about $32,000. Deutsche Bank AG acquired a new stake in Kodiak Gas Services during the third quarter worth $38,000. PNC Financial Services Group Inc. bought a new position in shares of Kodiak Gas Services during the 4th quarter worth about $46,000. Barclays PLC acquired a new position in shares of Kodiak Gas Services in the 3rd quarter worth approximately $53,000. Finally, Parallel Advisors LLC acquired a new stake in shares of Kodiak Gas Services during the 4th quarter worth about $60,000. Institutional investors and hedge funds 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.