Kodiak Gas Services (NYSE:KGS - Get Free Report) had its price target increased by equities researchers at The Goldman Sachs Group from $32.00 to $44.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. The Goldman Sachs Group's price target would indicate a potential upside of 10.32% from the stock's current price.
A number of other equities analysts also recently issued reports on KGS. Barclays increased their target price on Kodiak Gas Services from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Monday, October 7th. Mizuho began coverage on shares of Kodiak Gas Services in a report on Wednesday, October 2nd. They set an "outperform" rating and a $36.00 price target on the stock. Redburn Atlantic started coverage on shares of Kodiak Gas Services in a report on Thursday, September 19th. They set a "buy" rating and a $35.00 price target for the company. Royal Bank of Canada increased their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. Finally, Truist Financial raised their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a "buy" rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $35.82.
Check Out Our Latest Analysis on Kodiak Gas Services
Kodiak Gas Services Trading Up 0.4 %
KGS stock traded up $0.16 during trading on Tuesday, hitting $39.89. 700,458 shares of the company traded hands, compared to its average volume of 536,209. The firm has a market capitalization of $3.49 billion, a PE ratio of 137.73 and a beta of 0.79. The company has a 50-day moving average of $32.55 and a 200-day moving average of $29.01. Kodiak Gas Services has a 1 year low of $17.50 and a 1 year high of $41.25. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27.
Insider Buying and Selling
In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the firm's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $40.45, for a total transaction of $121,350.00. Following the transaction, the insider now owns 31,745 shares in the company, valued at approximately $1,284,085.25. This trade represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.18% of the company's stock.
Hedge Funds Weigh In On Kodiak Gas Services
Hedge funds have recently made changes to their positions in the business. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Kodiak Gas Services in the 2nd quarter valued at about $913,000. Public Employees Retirement System of Ohio acquired a new position in shares of Kodiak Gas Services in the 1st quarter valued at about $1,046,000. Chesapeake Capital Corp IL bought a new stake in Kodiak Gas Services in the third quarter worth approximately $603,000. Victory Capital Management Inc. acquired a new position in Kodiak Gas Services during the third quarter worth $2,974,000. Finally, Principal Financial Group Inc. acquired a new position in Kodiak Gas Services in the third quarter valued at approximately $610,000. 24.95% of the stock is owned by hedge funds and other institutional investors.
About Kodiak Gas Services
(
Get Free Report)
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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