Kodiak Gas Services (NYSE:KGS) Price Target Raised to $44.00

Kodiak Gas Services (NYSE:KGS - Get Free Report) had its target price hoisted by stock analysts at Barclays from $32.00 to $44.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price objective would indicate a potential upside of 3.00% from the company's previous close.

Several other equities analysts also recently commented on the company. JPMorgan Chase & Co. increased their price target on Kodiak Gas Services from $34.00 to $42.00 and gave the company a "neutral" rating in a report on Friday, November 29th. Raymond James lifted their price objective on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Royal Bank of Canada raised their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Mizuho began coverage on shares of Kodiak Gas Services in a research note on Wednesday, October 2nd. They issued an "outperform" rating and a $36.00 price objective on the stock. Finally, The Goldman Sachs Group raised their price target on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $38.18.

Kodiak Gas Services Stock Up 1.7 %

Shares of KGS stock traded up $0.72 on Monday, hitting $42.72. The company's stock had a trading volume of 832,492 shares, compared to its average volume of 841,156. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 147.32 and a beta of 1.15. Kodiak Gas Services has a fifty-two week low of $20.84 and a fifty-two week high of $44.43. The firm's fifty day moving average price is $39.61 and its 200-day moving average price is $32.41. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $40.45, for a total transaction of $121,350.00. Following the transaction, the insider now directly owns 31,745 shares in the company, valued at approximately $1,284,085.25. This represents a 8.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Institutional Trading of Kodiak Gas Services

Several institutional investors and hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company's stock worth $29,000 after acquiring an additional 342 shares during the period. HWG Holdings LP acquired a new position in shares of Kodiak Gas Services during the 2nd quarter worth about $40,000. SG Americas Securities LLC bought a new stake in Kodiak Gas Services in the third quarter valued at approximately $125,000. Arizona State Retirement System acquired a new stake in shares of Kodiak Gas Services in the second quarter valued at approximately $205,000. Finally, Hsbc Holdings PLC acquired a new position in shares of Kodiak Gas Services during the 2nd quarter worth approximately $208,000. 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.