Kodiak Gas Services (NYSE:KGS) Stock Rating Upgraded by Piper Sandler

Kodiak Gas Services (NYSE:KGS) was upgraded by Piper Sandler to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the company. Royal Bank Of Canada boosted their price target on Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, May 18th. Citigroup raised their price objective on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Jefferies Financial Group started coverage on Kodiak Gas Services in a research note on Thursday, June 4th. They issued a “buy” rating and a $79.00 price objective on the stock. The Goldman Sachs Group increased their target price on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Zacks Research upgraded shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.33.

Kodiak Gas Services Stock Down 2.3%

Shares of NYSE KGS opened at $56.42 on Tuesday. Kodiak Gas Services has a 52-week low of $30.06 and a 52-week high of $77.68. The firm has a fifty day moving average of $68.30 and a 200-day moving average of $59.86. The stock has a market capitalization of $5.01 billion, a PE ratio of 76.25, a P/E/G ratio of 0.90 and a beta of 0.89. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Monday, May 11th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The business had revenue of $345.76 million during the quarter, compared to the consensus estimate of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The business’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 EPS. On average, analysts anticipate that Kodiak Gas Services will post 2.27 EPS for the current year.

Insider Buying and Selling at Kodiak Gas Services

In other news, COO William Chad Lenamon sold 1,000 shares of the firm’s stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $67.79, for a total value of $67,790.00. Following the transaction, the chief operating officer directly owned 87,294 shares in the company, valued at approximately $5,917,660.26. This trade represents a 1.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Pedro R. Buhigas sold 4,625 shares of Kodiak Gas Services stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $67.78, for a total transaction of $313,482.50. Following the completion of the transaction, the insider directly owned 38,454 shares of the company’s stock, valued at $2,606,412.12. This trade represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,523 shares of company stock valued at $921,319 over the last three months. 0.64% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kodiak Gas Services

Several institutional investors have recently made changes to their positions in KGS. Vanguard Group Inc. raised its position in shares of Kodiak Gas Services by 33.8% during the 4th quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock worth $230,771,000 after purchasing an additional 1,559,172 shares during the period. Invesco Ltd. boosted its position in Kodiak Gas Services by 29.5% during the 3rd quarter. Invesco Ltd. now owns 6,305,789 shares of the company’s stock valued at $233,125,000 after purchasing an additional 1,436,443 shares during the period. CIBC Private Wealth Group LLC grew its stake in Kodiak Gas Services by 3,046.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,471,663 shares of the company’s stock worth $55,040,000 after buying an additional 1,424,888 shares during the last quarter. Zimmer Partners LP grew its stake in Kodiak Gas Services by 45.7% during the 4th quarter. Zimmer Partners LP now owns 4,271,553 shares of the company’s stock worth $159,756,000 after buying an additional 1,339,849 shares during the last quarter. Finally, Eagle Global Advisors LLC acquired a new stake in Kodiak Gas Services in the fourth quarter worth $39,741,000. 24.95% of the stock is owned by institutional investors.

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