Kodiak Gas Services, Inc. (NYSE:KGS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Kodiak Gas Services, Inc. (NYSE:KGS) has earned a consensus rating of “Moderate Buy” from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $39.36.

A number of analysts recently weighed in on KGS shares. Citigroup boosted their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Mizuho assumed coverage on shares of Kodiak Gas Services in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price objective for the company. JPMorgan Chase & Co. increased their target price on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, November 29th. Royal Bank of Canada boosted their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, The Goldman Sachs Group raised their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th.

Insider Transactions at Kodiak Gas Services

In related news, insider Ewan William Hamilton sold 3,000 shares of the firm’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 transaction of $121,350.00. Following the completion of the transaction, the insider now owns 31,745 shares of the company’s stock, valued at $1,284,085.25. This trade represents a 8.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Kodiak Gas Services

A number of institutional investors have recently made changes to their positions in KGS. Victory Capital Management Inc. purchased a new position in Kodiak Gas Services in the 3rd quarter worth about $2,974,000. Principal Financial Group Inc. purchased a new position in shares of Kodiak Gas Services during the third quarter valued at approximately $610,000. Chesapeake Capital Corp IL purchased a new position in shares of Kodiak Gas Services during the third quarter valued at approximately $603,000. Barclays PLC lifted its position in Kodiak Gas Services by 209.3% during the third quarter. Barclays PLC now owns 42,350 shares of the company’s stock valued at $1,228,000 after purchasing an additional 28,658 shares during the period. Finally, Tidal Investments LLC purchased a new stake in Kodiak Gas Services in the third quarter worth approximately $598,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Trading Down 0.2 %

Shares of KGS stock opened at $48.74 on Friday. The business has a 50-day moving average price of $41.57 and a two-hundred day moving average price of $33.46. Kodiak Gas Services has a 12-month low of $22.41 and a 12-month high of $49.45. 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 firm has a market cap of $4.27 billion, a P/E ratio of 168.08 and a beta of 1.15.

Kodiak Gas Services Company Profile

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.