Kodiak Gas Services (NYSE:KGS) Given New $39.00 Price Target at Raymond James

Kodiak Gas Services (NYSE:KGS - Get Free Report) had its target price increased by stock analysts at Raymond James from $35.00 to $39.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Raymond James' price target suggests a potential upside of 12.13% from the stock's previous close.

A number of other brokerages have also recently issued reports on KGS. Stifel Nicolaus lifted their price objective on Kodiak Gas Services from $31.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. Royal Bank of Canada raised their price target on Kodiak Gas Services from $31.00 to $35.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Bank of America assumed coverage on shares of Kodiak Gas Services in a research note on Wednesday, September 18th. They issued a "buy" rating and a $30.00 price target on the stock. Truist Financial increased their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company a "buy" rating in a research report on Friday. Finally, Barclays lifted their target price on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the stock an "equal weight" rating in a report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.18.

Kodiak Gas Services Stock Up 0.7 %

Shares of NYSE:KGS traded up $0.23 during midday trading on Friday, reaching $34.78. The company's stock had a trading volume of 857,094 shares, compared to its average volume of 522,365. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.70. The firm has a 50 day moving average of $30.02 and a 200-day moving average of $28.20. The firm has a market capitalization of $2.94 billion, a P/E ratio of 54.34 and a beta of 0.79. Kodiak Gas Services has a 12-month low of $16.86 and a 12-month high of $35.56.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its quarterly earnings data on Monday, August 12th. The company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.29). Kodiak Gas Services had a return on equity of 7.20% and a net margin of 5.23%. The business had revenue of $309.65 million during the quarter, compared to analysts' expectations of $313.88 million. On average, research analysts anticipate that Kodiak Gas Services will post 1.15 earnings per share for the current year.

Institutional Investors Weigh In On Kodiak Gas Services

Hedge funds have recently added to or reduced their stakes in the stock. Security National Bank bought a new stake in shares of Kodiak Gas Services in the second quarter worth $39,000. HWG Holdings LP bought a new stake in shares of Kodiak Gas Services during the 2nd quarter valued at about $40,000. nVerses Capital LLC increased its position in shares of Kodiak Gas Services by 90.9% during the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock valued at $57,000 after purchasing an additional 1,000 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Kodiak Gas Services in the 3rd quarter worth approximately $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Kodiak Gas Services by 115.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company's stock worth $155,000 after purchasing an additional 3,045 shares during the period. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

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.