Kodiak Gas Services (NYSE:KGS) Sets New 1-Year High – Still a Buy?

Kodiak Gas Services, Inc. (NYSE:KGS) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $49.44 and last traded at $49.2850, with a volume of 136679 shares trading hands. The stock had previously closed at $47.31.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on KGS shares. Stifel Nicolaus set a $48.00 price target on Kodiak Gas Services in a research report on Thursday, November 6th. Barclays boosted their target price on shares of Kodiak Gas Services from $42.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday. Zacks Research downgraded shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Wall Street Zen lowered shares of Kodiak Gas Services from a “hold” rating to a “sell” rating in a report on Saturday. Finally, William Blair initiated coverage on shares of Kodiak Gas Services in a research report on Tuesday, November 18th. They set an “outperform” rating for the company. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $47.00.

Kodiak Gas Services Price Performance

The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.69 and a current ratio of 0.98. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 62.41 and a beta of 1.31. The business’s 50 day simple moving average is $38.07 and its 200-day simple moving average is $35.71.

Kodiak Gas Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.9%. Kodiak Gas Services’s dividend payout ratio is currently 245.00%.

Institutional Investors Weigh In On Kodiak Gas Services

A number of large investors have recently added to or reduced their stakes in KGS. Covestor Ltd grew its holdings in Kodiak Gas Services by 86.1% during the fourth quarter. Covestor Ltd now owns 3,560 shares of the company’s stock valued at $133,000 after purchasing an additional 1,647 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Kodiak Gas Services by 29.5% during the 4th quarter. ProShare Advisors LLC now owns 16,404 shares of the company’s stock worth $614,000 after buying an additional 3,737 shares during the period. HighTower Advisors LLC boosted its holdings in shares of Kodiak Gas Services by 40.5% during the 4th quarter. HighTower Advisors LLC now owns 57,699 shares of the company’s stock worth $2,158,000 after buying an additional 16,619 shares during the period. Hiddenite Capital Partners LP acquired a new position in Kodiak Gas Services in the 4th quarter valued at $11,220,000. Finally, Thrivent Financial for Lutherans raised its holdings in Kodiak Gas Services by 15.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 73,163 shares of the company’s stock worth $2,736,000 after acquiring an additional 9,631 shares during the period. 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.