Kodiak Gas Services (NYSE:KGS) Price Target Raised to $32.00 at Raymond James

Kodiak Gas Services (NYSE:KGS) had its price objective increased by Raymond James from $30.00 to $32.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target points to a potential upside of 20.44% from the company’s current price.

KGS has been the subject of a number of other research reports. Truist Financial dropped their target price on shares of Kodiak Gas Services from $25.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, December 20th. The Goldman Sachs Group increased their target price on shares of Kodiak Gas Services from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, JPMorgan Chase & Co. increased their target price on shares of Kodiak Gas Services from $27.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $26.14.

Kodiak Gas Services Stock Performance

Shares of KGS stock traded down $0.06 during mid-day trading on Tuesday, reaching $26.57. The company’s stock had a trading volume of 135,748 shares, compared to its average volume of 465,424. Kodiak Gas Services has a 1-year low of $15.05 and a 1-year high of $29.00. The company has a current ratio of 1.10, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. The firm’s 50-day moving average is $25.97 and its two-hundred day moving average is $21.54.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The firm had revenue of $225.98 million for the quarter, compared to the consensus estimate of $224.45 million. As a group, sell-side analysts forecast that Kodiak Gas Services will post 1.82 EPS for the current year.

Insider Activity

In other Kodiak Gas Services news, Director Margaret C. Montana bought 2,000 shares of Kodiak Gas Services stock in a transaction dated Tuesday, March 12th. The shares were bought at an average price of $25.25 per share, with a total value of $50,500.00. Following the purchase, the director now owns 16,375 shares of the company’s stock, valued at $413,468.75. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

Institutional Trading of Kodiak Gas Services

Hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC acquired a new stake in shares of Kodiak Gas Services in the second quarter valued at approximately $23,706,000. Zimmer Partners LP bought a new position in shares of Kodiak Gas Services in the second quarter valued at $21,112,000. Goldman Sachs Group Inc. bought a new position in shares of Kodiak Gas Services in the second quarter valued at $18,359,000. Vanguard Group Inc. grew its stake in shares of Kodiak Gas Services by 504.9% in the third quarter. Vanguard Group Inc. now owns 967,799 shares of the company’s stock valued at $17,304,000 after buying an additional 807,799 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in shares of Kodiak Gas Services in the second quarter valued at $5,899,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

About Kodiak Gas Services

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.