Kodiak Gas Services Inc’s recently made public that its 10% Owner Frontier TopCo Partnership, L. unloaded Company’s shares for reported $177.11 million on Jan 30 ’25. In the deal valued at $47.50 per share,3,728,677 shares were sold. As a result of this transaction, Frontier TopCo Partnership, L. now holds 34,771,323 shares worth roughly $1.3 billion.
Then, Frontier Topco Partnership, L. bought 3,728,677 shares, generating $177,112,158 in total proceeds.
Before that, Frontier TopCo Partnership, L. sold 5,500,000 shares. Kodiak Gas Services Inc shares valued at $231,473,000 were divested by the 10% Owner at a price of $42.09 per share. As a result of the transaction, Frontier TopCo Partnership, L. now holds 38,500,000 shares, worth roughly $1.44 billion.
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 Monday, Kodiak Gas Services Inc [NYSE:KGS] saw its stock fall -0.82% to $37.30. Over the last five days, the stock has lost -4.92%. Kodiak Gas Services Inc shares have fallen nearly -8.65% since the year began. Nevertheless, the stocks have risen 41.07% over the past one year. While a 52-week high of $50.43 was reached on 01/30/25, a 52-week low of $24.83 was recorded on 03/07/25. SMA at 50 days reached $42.43, while 200 days put it at $34.75.
Levels Of Support And Resistance For KGS Stock
The 24-hour chart illustrates a support level at 36.65, which if violated will result in even more drops to 35.99. On the upside, there is a resistance level at 37.69. A further resistance level may holdings at 38.07. The Relative Strength Index (RSI) on the 14-day chart is 42.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.15%. Stochastics %K at 59.97% 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 2025-03-14, growing by 1.1 million shares to a total of 4.71 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 3.61 million shares. There was a rise of 23.4%, which implies that there is a positive sentiment for the stock.
