Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) has received an average recommendation of "Moderate Buy" from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $39.36.
Several equities research analysts recently commented on KGS shares. Citigroup lifted their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Barclays lifted their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. The Goldman Sachs Group increased their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Royal Bank of Canada boosted their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Finally, Mizuho initiated 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.
Check Out Our Latest Analysis on KGS
Insider Transactions at Kodiak Gas Services
In related news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $40.45, for a total value of $121,350.00. Following the completion of the transaction, the insider now owns 31,745 shares of the company's stock, valued at approximately $1,284,085.25. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company's stock.
Institutional Investors Weigh In On Kodiak Gas Services
Several hedge funds and other institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. purchased a new stake in shares of Kodiak Gas Services during the third quarter valued at $2,974,000. Principal Financial Group Inc. purchased a new stake in Kodiak Gas Services in the 3rd quarter valued at about $610,000. Chesapeake Capital Corp IL bought a new position in Kodiak Gas Services in the 3rd quarter worth about $603,000. Barclays PLC increased its position in shares of Kodiak Gas Services by 209.3% during the third quarter. Barclays PLC now owns 42,350 shares of the company's stock worth $1,228,000 after acquiring an additional 28,658 shares during the period. Finally, Tidal Investments LLC purchased a new stake in shares of Kodiak Gas Services in the third quarter valued at approximately $598,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.
Kodiak Gas Services Stock Up 1.7 %
Shares of Kodiak Gas Services stock traded up $0.82 on Friday, reaching $49.62. The company's stock had a trading volume of 444,717 shares, compared to its average volume of 840,941. Kodiak Gas Services has a 52 week low of $22.58 and a 52 week high of $49.72. The firm's fifty day simple moving average is $41.57 and its two-hundred day simple moving average is $33.46. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 170.88 and a beta of 1.15.
About Kodiak Gas Services
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Get Free ReportKodiak 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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