Kodiak Gas Services (NYSE:KGS) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Kodiak Gas Services (NYSE:KGS) from a hold rating to a sell rating in a research note published on Saturday morning.

Several other equities analysts have also recently issued reports on KGS. William Blair assumed coverage on Kodiak Gas Services in a research report on Tuesday, November 18th. They set an “outperform” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Royal Bank Of Canada raised their price objective on Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Mizuho boosted their target price on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Finally, Citigroup raised their price target on Kodiak Gas Services from $48.00 to $53.00 and gave the company a “buy” rating in a research report on Friday. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Kodiak Gas Services Trading Up 5.5%

Shares of NYSE:KGS opened at $49.93 on Friday. Kodiak Gas Services has a 52 week low of $29.25 and a 52 week high of $50.34. The company’s 50 day moving average is $38.07 and its two-hundred day moving average is $35.71. The company has a market cap of $4.33 billion, a PE ratio of 62.41 and a beta of 1.31. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 2.08.

Kodiak Gas Services Dividend Announcement

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

Hedge Funds Weigh In On Kodiak Gas Services

A number of institutional investors and hedge funds have recently bought and sold shares of KGS. Tyler Stone Wealth Management acquired a new position in Kodiak Gas Services during the 2nd quarter valued at approximately $1,068,000. Walleye Capital LLC lifted its stake in Kodiak Gas Services by 385.9% in the second quarter. Walleye Capital LLC now owns 401,983 shares of the company’s stock valued at $13,776,000 after buying an additional 319,257 shares during the last quarter. Viking Fund Management LLC boosted its holdings in shares of Kodiak Gas Services by 42.7% during the third quarter. Viking Fund Management LLC now owns 127,000 shares of the company’s stock valued at $4,695,000 after acquiring an additional 38,000 shares during the period. Deprince Race & Zollo Inc. acquired a new position in shares of Kodiak Gas Services during the third quarter valued at $28,385,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Kodiak Gas Services during the third quarter worth about $1,336,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.