Kodiak Gas Services (NYSE:KGS - Get Free Report) had its target price lifted by Citigroup from $41.00 to $48.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's price objective would indicate a potential upside of 6.03% from the company's previous close.
Several other analysts have also recently commented on KGS. The Goldman Sachs Group increased their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Barclays increased their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the company an "equal weight" rating in a research note on Monday. Truist Financial upped their target price on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Royal Bank of Canada lifted their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Finally, Redburn Atlantic assumed coverage on shares of Kodiak Gas Services in a research note on Thursday, September 19th. They issued a "buy" rating and a $35.00 target price for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.36.
View Our Latest Analysis on Kodiak Gas Services
Kodiak Gas Services Price Performance
NYSE KGS traded up $2.45 during trading on Tuesday, reaching $45.27. 791,975 shares of the company traded hands, compared to its average volume of 835,009. The stock's 50 day moving average price is $39.84 and its two-hundred day moving average price is $32.52. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The company has a market cap of $3.96 billion, a price-to-earnings ratio of 156.11 and a beta of 1.15. Kodiak Gas Services has a 1-year low of $20.84 and a 1-year high of $45.42.
Insider Transactions at Kodiak Gas Services
In other news, insider Ewan William Hamilton sold 3,000 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total transaction of $121,350.00. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company's stock.
Institutional Investors Weigh In On Kodiak Gas Services
A number of large investors have recently bought and sold shares of KGS. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 342 shares during the last quarter. HWG Holdings LP acquired a new stake in shares of Kodiak Gas Services in the second quarter valued at about $40,000. Mendota Financial Group LLC bought a new position in Kodiak Gas Services during the 4th quarter worth approximately $122,000. SG Americas Securities LLC acquired a new position in Kodiak Gas Services in the third quarter valued at $125,000. Finally, Arizona State Retirement System acquired a new position in shares of Kodiak Gas Services in the 2nd quarter valued at about $205,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.
About Kodiak Gas Services
(
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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.
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