Kodiak Gas Services (NYSE:KGS) Price Target Raised to $40.00

Kodiak Gas Services (NYSE:KGS - Get Free Report) had its target price boosted by stock analysts at Truist Financial from $35.00 to $40.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's price objective suggests a potential upside of 15.01% from the stock's current price.

Other analysts have also issued reports about the stock. Barclays boosted their target price on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the company an "equal weight" rating in a research note on Monday, October 7th. Bank of America initiated coverage on shares of Kodiak Gas Services in a research report on Wednesday, September 18th. They set a "buy" rating and a $30.00 target price on the stock. Mizuho began coverage on Kodiak Gas Services in a report on Wednesday, October 2nd. They issued an "outperform" rating and a $36.00 price target for the company. Royal Bank of Canada lifted their target price on Kodiak Gas Services from $31.00 to $35.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus upped their target price on Kodiak Gas Services from $31.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Kodiak Gas Services has an average rating of "Moderate Buy" and a consensus target price of $34.18.

Kodiak Gas Services Trading Up 0.7 %

Kodiak Gas Services stock traded up $0.23 during midday trading on Friday, reaching $34.78. The 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 market cap of $2.94 billion, a price-to-earnings ratio of 54.53 and a beta of 0.79. Kodiak Gas Services has a 52-week low of $16.86 and a 52-week high of $35.56. The company has a fifty day moving average of $29.88 and a 200 day moving average of $28.15.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings results on Monday, August 12th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate 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, analysts anticipate that Kodiak Gas Services will post 1.15 earnings per share for the current fiscal year.

Institutional Trading of Kodiak Gas Services

A number of institutional investors have recently modified their holdings of KGS. Security National Bank acquired a new position in Kodiak Gas Services during the 2nd quarter valued at about $39,000. HWG Holdings LP purchased a new position in shares of Kodiak Gas Services in the 2nd quarter valued at approximately $40,000. nVerses Capital LLC raised its position in shares of Kodiak Gas Services by 90.9% in 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 acquired a new stake in Kodiak Gas Services in the 3rd quarter worth approximately $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Kodiak Gas Services by 115.1% during 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 last quarter. 24.95% of the stock is currently 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.