Kodiak Gas Services (NYSE:KGS) Now Covered by Analysts at Redburn Atlantic

Analysts at Redburn Atlantic started coverage on shares of Kodiak Gas Services (NYSE:KGS) in a report released on Thursday, Briefing.com reports. The firm set a “buy” rating and a $35.00 price target on the stock. Redburn Atlantic’s target price suggests a potential upside of 22.08% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Barclays started coverage on Kodiak Gas Services in a research note on Wednesday, July 17th. They set an “equal weight” rating and a $29.00 target price for the company. Royal Bank of Canada raised their price objective on Kodiak Gas Services from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st. Stifel Nicolaus lifted their target price on Kodiak Gas Services from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Bank of America began coverage on shares of Kodiak Gas Services in a report on Wednesday. They issued a “buy” rating and a $30.00 target price for the company. Finally, Truist Financial lifted their price target on shares of Kodiak Gas Services from $32.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.78.

Kodiak Gas Services Stock Up 2.7 %

KGS stock opened at $28.67 on Thursday. The company has a market cap of $2.42 billion, a PE ratio of 32.58 and a beta of 0.90. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.70. Kodiak Gas Services has a 52 week low of $16.72 and a 52 week high of $29.75. The business has a 50-day simple moving average of $27.29 and a 200 day simple moving average of $27.08.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Monday, August 12th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.29). The firm had revenue of $309.65 million during the quarter, compared to analyst estimates of $313.88 million. Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. Sell-side analysts anticipate that Kodiak Gas Services will post 1.15 EPS for the current fiscal year.

Institutional Investors Weigh In On Kodiak Gas Services

Institutional investors have recently added to or reduced their stakes in the business. Security National Bank acquired a new position in shares of Kodiak Gas Services during the second quarter worth $39,000. HWG Holdings LP bought a new stake in shares of Kodiak Gas Services in the 2nd quarter valued at about $40,000. PNC Financial Services Group Inc. bought a new position in shares of Kodiak Gas Services during the fourth quarter worth about $46,000. nVerses Capital LLC raised its position in shares of Kodiak Gas Services by 90.9% during the second quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Parallel Advisors LLC bought a new stake in Kodiak Gas Services in the fourth quarter valued at approximately $60,000. 24.95% of the stock is owned by institutional investors.

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.