Barclays Issues Pessimistic Forecast for Kodiak Gas Services (NYSE:KGS) Stock Price

Kodiak Gas Services (NYSE:KGS - Get Free Report) had its price target decreased by analysts at Barclays from $41.00 to $36.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's target price suggests a potential upside of 4.58% from the stock's previous close.

Other analysts have also recently issued research reports about the stock. Mizuho raised their price objective on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Citigroup boosted their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Royal Bank of Canada set a $45.00 price objective on shares of Kodiak Gas Services and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Truist Financial increased their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Finally, Raymond James reiterated an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Kodiak Gas Services currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.45.

Kodiak Gas Services Stock Performance

Shares of NYSE KGS traded up $0.59 during mid-day trading on Wednesday, reaching $34.42. 547,125 shares of the company's stock were exchanged, compared to its average volume of 785,444. The firm has a 50-day moving average price of $38.11 and a two-hundred day moving average price of $38.80. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of 118.70 and a beta of 1.52. Kodiak Gas Services has a 52 week low of $24.84 and a 52 week high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.15). Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The company had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. Analysts predict that Kodiak Gas Services will post 1.12 EPS for the current year.

Insider Buying and Selling at Kodiak Gas Services

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of Kodiak Gas Services stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the sale, the insider now directly owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. This trade represents a 9.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.27% of the stock is owned by company insiders.

Institutional Trading of Kodiak Gas Services

Large investors have recently made changes to their positions in the stock. Baker Ellis Asset Management LLC boosted its holdings in Kodiak Gas Services by 3.3% in the first quarter. Baker Ellis Asset Management LLC now owns 125,722 shares of the company's stock worth $4,689,000 after purchasing an additional 3,996 shares during the last quarter. Viking Fund Management LLC lifted its holdings in shares of Kodiak Gas Services by 5.7% during the 1st quarter. Viking Fund Management LLC now owns 74,000 shares of the company's stock valued at $2,760,000 after buying an additional 4,000 shares during the period. Rhumbline Advisers boosted its stake in shares of Kodiak Gas Services by 37.3% in the 1st quarter. Rhumbline Advisers now owns 60,450 shares of the company's stock worth $2,255,000 after buying an additional 16,408 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Kodiak Gas Services by 3,401.8% in the first quarter. GAMMA Investing LLC now owns 24,618 shares of the company's stock worth $918,000 after acquiring an additional 23,915 shares during the period. Finally, California State Teachers Retirement System increased its position in Kodiak Gas Services by 16.9% during the fourth quarter. California State Teachers Retirement System now owns 27,527 shares of the company's stock valued at $1,124,000 after acquiring an additional 3,985 shares during the last quarter. 24.95% of the stock is currently owned by 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.