Barclays Raises Kodiak Gas Services (NYSE:KGS) Price Target to $32.00

Kodiak Gas Services (NYSE:KGS) had its target price increased by stock analysts at Barclays from $29.00 to $32.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential downside of 0.34% from the company’s current price.

A number of other research analysts have also weighed in on KGS. Royal Bank of Canada boosted their target price on shares of Kodiak Gas Services from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Citigroup initiated coverage on shares of Kodiak Gas Services in a research report on Friday, September 27th. They set a “buy” rating and a $35.00 price objective for the company. Bank of America initiated coverage on shares of Kodiak Gas Services in a research report on Wednesday, September 18th. They issued a “buy” rating and a $30.00 price target for the company. Truist Financial increased their price target on shares of Kodiak Gas Services from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Finally, Mizuho assumed coverage on shares of Kodiak Gas Services in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price target for the company. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Kodiak Gas Services currently has an average rating of “Moderate Buy” and an average price target of $32.73.

Kodiak Gas Services Stock Down 1.2 %

Shares of Kodiak Gas Services stock traded down $0.39 on Monday, hitting $32.11. 518,757 shares of the company traded hands, compared to its average volume of 516,047. The company has a 50-day moving average price of $27.68 and a 200 day moving average price of $27.39. 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 12-month low of $16.72 and a 12-month high of $32.60. The company has a market cap of $2.71 billion, a PE ratio of 36.49 and a beta of 0.89.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly 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 company had revenue of $309.65 million for the quarter, compared to analysts’ expectations 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 predict that Kodiak Gas Services will post 1.15 earnings per share for the current year.

Institutional Investors Weigh In On Kodiak Gas Services

Several institutional investors have recently added to or reduced their stakes in KGS. Security National Bank acquired a new stake in Kodiak Gas Services in the 2nd quarter valued at $39,000. HWG Holdings LP acquired a new stake in Kodiak Gas Services in the 2nd quarter valued at $40,000. nVerses Capital LLC increased its stake in Kodiak Gas Services by 90.9% in the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $57,000 after buying an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in Kodiak Gas Services in the 4th quarter valued at $46,000. Finally, SG Americas Securities LLC acquired a new position in shares of Kodiak Gas Services during the 3rd quarter worth about $125,000. 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.