Kodiak Gas Services (NYSE:KGS) Trading Up 8.4% - Should You Buy?

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report)'s stock price traded up 8.4% during mid-day trading on Tuesday . The company traded as high as $47.64 and last traded at $47.71. 1,052,568 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 910,198 shares. The stock had previously closed at $44.00.

Analyst Upgrades and Downgrades

A number of analysts recently commented on KGS shares. Truist Financial boosted their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on Kodiak Gas Services from $34.00 to $42.00 and gave the company a "neutral" rating in a research report on Friday, November 29th. The Goldman Sachs Group boosted their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Royal Bank of Canada boosted their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. Finally, Barclays boosted their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the company an "equal weight" rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Kodiak Gas Services presently has a consensus rating of "Moderate Buy" and a consensus price target of $39.36.

Kodiak Gas Services Price Performance

The business has a 50 day moving average price of $42.88 and a two-hundred day moving average price of $34.46. The stock has a market cap of $4.09 billion, a PE ratio of 161.23 and a beta of 1.15. 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 Transactions at Kodiak Gas Services

In related news, insider Ewan William Hamilton sold 3,000 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total value 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 represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.18% of the company's stock.

Hedge Funds Weigh In On Kodiak Gas Services

Institutional investors have recently bought and sold shares of the company. FMR LLC lifted its position in shares of Kodiak Gas Services by 444.4% during the third quarter. FMR LLC now owns 4,889,804 shares of the company's stock worth $141,804,000 after acquiring an additional 3,991,630 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Kodiak Gas Services during the third quarter worth $44,558,000. Zimmer Partners LP lifted its position in shares of Kodiak Gas Services by 313.0% during the third quarter. Zimmer Partners LP now owns 1,779,851 shares of the company's stock worth $51,616,000 after acquiring an additional 1,348,899 shares in the last quarter. Augustine Asset Management Inc. lifted its position in shares of Kodiak Gas Services by 1,761.2% during the fourth quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company's stock worth $26,141,000 after acquiring an additional 605,844 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of Kodiak Gas Services during the third quarter worth $9,741,000. Hedge funds and other institutional investors own 24.95% of the company's stock.

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.