Kodiak Gas Services (NYSE:KGS) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Kodiak Gas Services (NYSE:KGS) from a sell rating to a hold rating in a report released on Saturday morning.

A number of other equities analysts also recently weighed in on KGS. William Blair began coverage on Kodiak Gas Services in a research report on Tuesday, November 18th. They set an “outperform” rating for the company. Weiss Ratings reissued a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Citigroup increased their target price on shares of Kodiak Gas Services from $48.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Stifel Nicolaus set a $48.00 price target on shares of Kodiak Gas Services in a research note on Thursday, November 6th. Finally, Zacks Research cut shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Kodiak Gas Services has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Kodiak Gas Services Price Performance

Kodiak Gas Services stock opened at $50.50 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $4.38 billion, a P/E ratio of 63.12 and a beta of 1.31. The business has a 50-day moving average of $40.94 and a 200-day moving average of $37.04. Kodiak Gas Services has a 1 year low of $29.25 and a 1 year high of $52.70.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were given a $0.49 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.96 annualized dividend and a yield of 3.9%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 245.00%.

Institutional Investors Weigh In On Kodiak Gas Services

A number of institutional investors and hedge funds have recently made changes to their positions in KGS. Allworth Financial LP raised its holdings in shares of Kodiak Gas Services by 1,850.0% in the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after purchasing an additional 703 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Kodiak Gas Services by 52.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after buying an additional 364 shares in the last quarter. State of Wyoming boosted its stake in shares of Kodiak Gas Services by 201.7% in the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after buying an additional 815 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Kodiak Gas Services by 1,501.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after buying an additional 1,156 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after acquiring an additional 556 shares in the last quarter. 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.