Kodiak Gas Services (NYSE:KGS) Earns Buy Rating from Analysts at Citigroup

Stock analysts at Citigroup started coverage on shares of Kodiak Gas Services (NYSE:KGS) in a research report issued on Friday, Briefing.com reports. The firm set a “buy” rating and a $35.00 price target on the stock. Citigroup’s target price points to a potential upside of 21.74% from the stock’s previous close.

A number of other research firms have also recently weighed in on KGS. Redburn Atlantic started coverage on Kodiak Gas Services in a report on Thursday, September 19th. They set a “buy” rating and a $35.00 price target on the stock. Stifel Nicolaus increased their price target on Kodiak Gas Services from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Truist Financial upped their price objective on shares of Kodiak Gas Services from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Royal Bank of Canada raised their target price on shares of Kodiak Gas Services from $30.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, August 21st. Finally, Barclays began coverage on shares of Kodiak Gas Services in a research note on Wednesday, July 17th. They issued an “equal weight” rating and a $29.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.10.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $28.75 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.70. The business has a 50 day moving average of $27.42 and a two-hundred day moving average of $27.21. The company has a market cap of $2.43 billion, a P/E ratio of 32.67 and a beta of 0.89. Kodiak Gas Services has a 52 week low of $16.72 and a 52 week high of $30.52.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. U.S. Capital Wealth Advisors LLC acquired a new position in Kodiak Gas Services in the 2nd quarter worth approximately $913,000. Quantbot Technologies LP boosted its position in shares of Kodiak Gas Services by 345.3% in the first quarter. Quantbot Technologies LP now owns 45,403 shares of the company’s stock worth $1,241,000 after buying an additional 35,208 shares during the period. Jennison Associates LLC purchased a new position in shares of Kodiak Gas Services during the first quarter valued at $5,184,000. Public Employees Retirement System of Ohio acquired a new position in Kodiak Gas Services during the first quarter valued at $1,046,000. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Kodiak Gas Services in the 1st quarter worth about $11,544,000. 24.95% of the stock is owned by hedge funds and other 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.