Kodiak Gas Services Inc’s filing revealed 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 $1.2 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 $1.32 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 Thursday, Kodiak Gas Services Inc [NYSE:KGS] saw its stock jump 1.68% to $34.40. Over the last five days, the stock has gained 6.77%. Kodiak Gas Services Inc shares have fallen nearly -15.75% since the year began. Nevertheless, the stocks have risen 29.57% 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 04/07/25. SMA at 50 days reached $38.73, while 200 days put it at $35.21.
Levels Of Support And Resistance For KGS Stock
The 24-hour chart illustrates a support level at 33.92, which if violated will result in even more drops to 33.44. On the upside, there is a resistance level at 34.96. A further resistance level may holdings at 35.52. The Relative Strength Index (RSI) on the 14-day chart is 45.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.02%. Stochastics %K at 48.78% 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 2025-03-31, growing by 2.25 million shares to a total of 6.03 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 3.78 million shares. There was a rise of 37.34%, which implies that there is a positive sentiment for the stock.
