Kodiak Gas Services (NYSE:KGS) PT Raised to $32.00

Kodiak Gas Services (NYSE:KGS) had its target price hoisted by equities research analysts at Truist Financial from $28.00 to $32.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. Truist Financial’s price objective suggests a potential upside of 15.03% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Kodiak Gas Services from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Raymond James increased their price objective on Kodiak Gas Services from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Finally, The Goldman Sachs Group upped their target price on Kodiak Gas Services from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $27.43.

Kodiak Gas Services Trading Down 0.2 %

Shares of NYSE:KGS traded down $0.06 on Friday, hitting $27.82. 151,096 shares of the company traded hands, compared to its average volume of 439,251. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.73. Kodiak Gas Services has a 52 week low of $15.05 and a 52 week high of $29.00. The stock has a 50 day simple moving average of $27.00 and a 200-day simple moving average of $22.70.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Wednesday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The firm had revenue of $215.50 million during the quarter, compared to analysts’ expectations of $220.55 million. Kodiak Gas Services’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, analysts predict that Kodiak Gas Services will post 1.82 EPS for the current fiscal year.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, Director Margaret C. Montana acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were purchased at an average price of $25.25 per share, for a total transaction of $50,500.00. Following the completion of the purchase, the director now directly owns 16,375 shares in the company, valued at $413,468.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Kodiak Gas Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Amalgamated Bank acquired a new stake in shares of Kodiak Gas Services during the 3rd quarter valued at about $32,000. PNC Financial Services Group Inc. acquired a new position in Kodiak Gas Services during the fourth quarter worth $46,000. Barclays PLC acquired a new position in Kodiak Gas Services during the third quarter worth $53,000. Strs Ohio bought a new stake in Kodiak Gas Services during the third quarter worth $57,000. Finally, New York State Common Retirement Fund bought a new position in shares of Kodiak Gas Services in the third quarter valued at about $59,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

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.