Kodiak Gas Services (NYSE:KGS - Get Free Report) had its price objective boosted by stock analysts at Royal Bank of Canada from $35.00 to $40.00 in a research report issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Royal Bank of Canada's price target would suggest a potential upside of 10.19% from the company's previous close.
Other analysts also recently issued research reports about the stock. Bank of America initiated coverage on shares of Kodiak Gas Services in a report on Wednesday, September 18th. They issued a "buy" rating and a $30.00 target price for the company. Redburn Atlantic initiated coverage on shares of Kodiak Gas Services in a report on Thursday, September 19th. They issued a "buy" rating and a $35.00 target price for the company. Raymond James boosted their price target on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday. Truist Financial boosted their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Citigroup initiated coverage on shares of Kodiak Gas Services in a research note on Friday, September 27th. They issued a "buy" rating and a $35.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Kodiak Gas Services has a consensus rating of "Moderate Buy" and a consensus price target of $34.64.
View Our Latest Stock Report on KGS
Kodiak Gas Services Trading Up 4.2 %
Kodiak Gas Services stock traded up $1.47 during trading on Monday, hitting $36.30. The company had a trading volume of 688,245 shares, compared to its average volume of 523,125. Kodiak Gas Services has a 1-year low of $17.47 and a 1-year high of $36.61. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.70. The company's 50 day simple moving average is $30.19 and its 200-day simple moving average is $28.27. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 125.18 and a beta of 0.79.
Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its 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 net margin of 2.23% and a return on equity of 8.14%. The company had revenue of $309.65 million during the quarter, compared to analyst estimates of $313.88 million. As a group, analysts expect that Kodiak Gas Services will post 1.15 EPS for the current fiscal year.
Institutional Investors Weigh In On Kodiak Gas Services
Several institutional investors have recently modified their holdings of the company. Kayne Anderson Capital Advisors LP lifted its position in shares of Kodiak Gas Services by 77.5% during the 3rd quarter. Kayne Anderson Capital Advisors LP now owns 93,483 shares of the company's stock worth $2,711,000 after purchasing an additional 40,802 shares during the last quarter. Chesapeake Capital Corp IL purchased a new stake in Kodiak Gas Services in the third quarter valued at $603,000. TSA Wealth Managment LLC lifted its position in Kodiak Gas Services by 30.9% in the third quarter. TSA Wealth Managment LLC now owns 84,550 shares of the company's stock valued at $2,452,000 after acquiring an additional 19,974 shares during the last quarter. Royce & Associates LP purchased a new stake in Kodiak Gas Services in the third quarter valued at $3,770,000. Finally, Victory Capital Management Inc. purchased a new stake in Kodiak Gas Services in the third quarter valued at $2,974,000. 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.
See Also
Before you consider Kodiak Gas Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kodiak Gas Services wasn't on the list.
While Kodiak Gas Services currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
