Kodiak Gas Services Inc’s recent filing unveils that its 10% Owner Frontier TopCo Partnership, L. unloaded Company’s shares for reported $231.47 million on Dec 12 ’24. In the deal valued at $42.09 per share,5,500,000 shares were sold. As a result of this transaction, Frontier TopCo Partnership, L. now holds 38,500,000 shares worth roughly $1.57 billion.
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Then, Hamilton Ewan William sold 3,000 shares, generating $121,340 in total proceeds. Upon selling the shares at $40.45, the insider now owns 31,745 shares.
Before that, Ewan Hamiliton bought 3,000 shares. Kodiak Gas Services Inc shares valued at $118,200 were divested by the Officer at a price of $39.40 per share.
Mizuho initiated its Kodiak Gas Services Inc [KGS] rating to an Outperform in a research note published on October 02, 2024; the price target was $36. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late September with a ‘”a Buy”‘ rating. Redburn Atlantic began covering KGS with “Buy” recommendation on September 19, 2024.
Price Performance Review of KGS
On Tuesday, Kodiak Gas Services Inc [NYSE:KGS] saw its stock jump 1.85% to $40.80. Over the last five days, the stock has lost -0.78%. Kodiak Gas Services Inc shares have risen nearly 103.19% since the year began. Nevertheless, the stocks have risen 106.90% over the past one year. While a 52-week high of $44.20 was reached on 12/11/24, a 52-week low of $19.78 was recorded on 01/02/24. SMA at 50 days reached $36.75, while 200 days put it at $29.83.
Levels Of Support And Resistance For KGS Stock
The 24-hour chart illustrates a support level at 40.21, which if violated will result in even more drops to 39.61. On the upside, there is a resistance level at 41.19. A further resistance level may holdings at 41.57. The Relative Strength Index (RSI) on the 14-day chart is 56.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.02%. Stochastics %K at 32.08% indicates the stock is a holding.
How much short interest is there in Kodiak Gas Services Inc?
A steep rise in short interest was recorded in Kodiak Gas Services Inc stocks on 2024-11-29, dropping by -1.02 million shares to a total of 2.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.17 million shares. There was a decline of -47.56%, which implies that there is a negative sentiment for the stock.
