Kodiak Gas Services (NYSE:KGS) Price Target Raised to $64.00 at Royal Bank Of Canada

Kodiak Gas Services (NYSE:KGS) had its price target hoisted by stock analysts at Royal Bank Of Canada from $45.00 to $64.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 13.00% from the company’s previous close.

KGS has been the subject of a number of other research reports. The Goldman Sachs Group raised their target price on Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Citigroup raised their price objective on Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Finally, Barclays raised their price target on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $54.57.

Kodiak Gas Services Stock Up 2.0%

NYSE KGS traded up $1.10 on Thursday, hitting $56.64. The stock had a trading volume of 195,618 shares, compared to its average volume of 1,553,626. The business’s fifty day moving average price is $47.60 and its 200 day moving average price is $39.60. The stock has a market cap of $4.86 billion, a price-to-earnings ratio of 65.30 and a beta of 1.11. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57. Kodiak Gas Services has a 52-week low of $29.25 and a 52-week high of $58.50.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). The business had revenue of $332.87 million for the quarter, compared to analysts’ expectations of $330.95 million. Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 EPS. Equities research analysts anticipate that Kodiak Gas Services will post 1.12 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Ewan William Hamilton sold 5,797 shares of Kodiak Gas Services stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total transaction of $325,675.46. Following the completion of the transaction, the chief accounting officer directly owned 34,346 shares of the company’s stock, valued at $1,929,558.28. The trade was a 14.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexander Newsom Darden bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $54.75 per share, with a total value of $273,750.00. Following the completion of the purchase, the director owned 5,000 shares in the company, valued at approximately $273,750. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 11,433 shares of company stock valued at $624,360 and sold 44,731 shares valued at $2,492,123. Company insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Kodiak Gas Services

A number of large investors have recently added to or reduced their stakes in KGS. Invesco Ltd. grew its position in shares of Kodiak Gas Services by 20.4% in the fourth quarter. Invesco Ltd. now owns 7,593,274 shares of the company’s stock valued at $283,988,000 after purchasing an additional 1,287,485 shares in the last quarter. Vanguard Group Inc. boosted its stake in Kodiak Gas Services by 33.8% during the fourth quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock worth $230,771,000 after buying an additional 1,559,172 shares during the last quarter. Zimmer Partners LP grew its holdings in Kodiak Gas Services by 45.7% in the 4th quarter. Zimmer Partners LP now owns 4,271,553 shares of the company’s stock valued at $159,756,000 after buying an additional 1,339,849 shares in the last quarter. State Street Corp grew its holdings in Kodiak Gas Services by 31.8% in the 4th quarter. State Street Corp now owns 3,340,008 shares of the company’s stock valued at $124,916,000 after buying an additional 806,191 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Kodiak Gas Services by 14.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,969,557 shares of the company’s stock worth $111,061,000 after acquiring an additional 376,524 shares during the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.