Kodiak Gas Services (NYSE:KGS) Cut to “Sell” at Wall Street Zen

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

Several other research firms also recently issued reports on KGS. Citigroup boosted their price objective on Kodiak Gas Services from $48.00 to $53.00 and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus set a $48.00 price target on shares of Kodiak Gas Services in a report on Thursday, November 6th. 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. William Blair initiated coverage on shares of Kodiak Gas Services in a research note on Tuesday, November 18th. They issued an “outperform” rating for the company. Finally, Royal Bank Of Canada boosted their target price on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Kodiak Gas Services Stock Performance

Shares of NYSE KGS opened at $51.12 on Friday. The stock’s fifty day simple moving average is $38.39 and its 200 day simple moving average is $35.87. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 63.90 and a beta of 1.31. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 2.08. Kodiak Gas Services has a 52-week low of $29.25 and a 52-week high of $51.59.

Kodiak Gas Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Shareholders of record on Friday, February 13th will be given a $0.49 dividend. The ex-dividend date is Friday, February 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.8%. Kodiak Gas Services’s dividend payout ratio is presently 245.00%.

Hedge Funds Weigh In On Kodiak Gas Services

A number of hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in Kodiak Gas Services by 27.0% during the fourth quarter. Geode Capital Management LLC now owns 1,931,154 shares of the company’s stock valued at $72,237,000 after purchasing an additional 411,017 shares during the last quarter. Royce & Associates LP raised its stake in shares of Kodiak Gas Services by 3.8% during the 4th quarter. Royce & Associates LP now owns 309,140 shares of the company’s stock worth $11,562,000 after purchasing an additional 11,370 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Kodiak Gas Services by 19.2% during the 4th quarter. Legal & General Group Plc now owns 213,290 shares of the company’s stock valued at $7,977,000 after buying an additional 34,299 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Kodiak Gas Services in the 4th quarter valued at approximately $154,000. Finally, Jefferies Financial Group Inc. acquired a new position in Kodiak Gas Services in the fourth quarter worth approximately $2,080,000. 24.95% of the stock is owned by institutional investors and hedge funds.

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.