Kodiak Gas Services (NYSE:KGS - Get Free Report) had its price objective upped by equities researchers at Truist Financial from $45.00 to $47.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Truist Financial's price target would indicate a potential upside of 33.97% from the stock's current price.
KGS has been the subject of several other research reports. The Goldman Sachs Group boosted their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Mizuho upped their target price on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Royal Bank of Canada increased their target price on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. Citigroup boosted their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. raised their price objective on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a "neutral" rating in a report on Friday, November 29th. 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.73.
View Our Latest Stock Analysis on KGS
Kodiak Gas Services Stock Up 5.5 %
Kodiak Gas Services stock traded up $1.82 during trading on Tuesday, reaching $35.08. The stock had a trading volume of 348,616 shares, compared to its average volume of 1,145,056. Kodiak Gas Services has a 52-week low of $24.83 and a 52-week high of $50.43. The business has a 50 day moving average price of $44.16 and a 200 day moving average price of $37.38. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The stock has a market cap of $3.07 billion, a PE ratio of 121.18 and a beta of 1.30.
Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.15). The business had revenue of $309.52 million during the quarter, compared to analyst estimates of $323.82 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. On average, 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 on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total value of $177,112,157.50. Following the transaction, the insider now directly owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by company insiders.
Hedge Funds Weigh In On Kodiak Gas Services
Large investors have recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new position in shares of Kodiak Gas Services during the third quarter worth about $610,000. Victory Capital Management Inc. acquired a new position in Kodiak Gas Services during the 3rd quarter worth approximately $2,974,000. Royce & Associates LP purchased a new position in shares of Kodiak Gas Services during the 3rd quarter worth approximately $3,770,000. TSA Wealth Managment LLC raised its stake in shares of Kodiak Gas Services by 30.9% during the 3rd quarter. TSA Wealth Managment LLC now owns 84,550 shares of the company's stock worth $2,452,000 after buying an additional 19,974 shares in the last quarter. Finally, Chesapeake Capital Corp IL acquired a new stake in shares of Kodiak Gas Services in the 3rd quarter valued at approximately $603,000. Hedge funds and other institutional investors own 24.95% of the company's stock.
Kodiak Gas Services Company Profile
(
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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