Mizuho Forecasts Strong Price Appreciation for Kodiak Gas Services (NYSE:KGS) Stock

Kodiak Gas Services (NYSE:KGS) had its price objective boosted by equities researchers at Mizuho from $47.00 to $55.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s price objective would suggest a potential upside of 17.12% from the company’s current price.

Several other equities analysts also recently weighed in on KGS. JPMorgan Chase & Co. increased their target price on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, November 29th. Citigroup upped their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada lifted their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Truist Financial raised their price objective 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. Finally, The Goldman Sachs Group upped their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $41.09.

Kodiak Gas Services Stock Down 0.8 %

KGS stock opened at $46.96 on Monday. Kodiak Gas Services has a one year low of $22.64 and a one year high of $50.43. The stock has a market capitalization of $4.11 billion, a P/E ratio of 161.93 and a beta of 1.18. The company has a 50 day moving average price of $43.17 and a two-hundred day moving average price of $34.76. 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 Activity at Kodiak Gas Services

In related news, insider Ewan William Hamilton sold 3,000 shares of the 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 completion of the transaction, the insider now directly owns 31,745 shares of the company’s stock, valued at $1,284,085.25. This represents a 8.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of Kodiak Gas Services stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total value of $177,112,157.50. Following the sale, the insider now directly owns 34,771,323 shares in the company, valued at $1,651,637,842.50. The trade was a 9.68 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Kodiak Gas Services

Several large investors have recently bought and sold shares of KGS. GAMMA Investing LLC boosted its stake in Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after buying an additional 342 shares in the last quarter. Amalgamated Bank raised its holdings in Kodiak Gas Services by 112.6% during the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock worth $45,000 after buying an additional 588 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of Kodiak Gas Services in the fourth quarter worth about $49,000. Mendota Financial Group LLC acquired a new position in Kodiak Gas Services in the 4th quarter worth approximately $122,000. Finally, SG Americas Securities LLC purchased a new position in Kodiak Gas Services during the 3rd quarter worth approximately $125,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

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.