Barclays Increases Kodiak Gas Services (NYSE:KGS) Price Target to $44.00

Kodiak Gas Services (NYSE:KGS) had its price objective increased by equities researchers at Barclays from $32.00 to $44.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential downside of 2.81% from the company’s current price.

KGS has been the topic of a number of other research reports. Mizuho began coverage on shares of Kodiak Gas Services in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 target price on the stock. Royal Bank of Canada lifted their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. 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 on the stock. The Goldman Sachs Group lifted their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Redburn Atlantic initiated coverage on shares of Kodiak Gas Services in a research report on Thursday, September 19th. They set a “buy” rating and a $35.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.36.

Kodiak Gas Services Price Performance

NYSE KGS opened at $45.27 on Monday. Kodiak Gas Services has a 12 month low of $20.84 and a 12 month high of $45.42. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 156.11 and a beta of 1.15. The company’s 50 day moving average is $39.84 and its two-hundred day moving average is $32.52. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86.

Insider Activity at Kodiak Gas Services

In related news, insider Ewan William Hamilton sold 3,000 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were 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 approximately $1,284,085.25. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC boosted its stake in Kodiak Gas Services by 444.4% during the third quarter. FMR LLC now owns 4,889,804 shares of the company’s stock worth $141,804,000 after buying an additional 3,991,630 shares during the period. Zimmer Partners LP boosted its stake in Kodiak Gas Services by 313.0% during the third quarter. Zimmer Partners LP now owns 1,779,851 shares of the company’s stock worth $51,616,000 after buying an additional 1,348,899 shares during the period. Wellington Management Group LLP purchased a new position in Kodiak Gas Services during the third quarter worth $44,558,000. HITE Hedge Asset Management LLC boosted its stake in Kodiak Gas Services by 74.8% during the second quarter. HITE Hedge Asset Management LLC now owns 780,600 shares of the company’s stock worth $21,279,000 after buying an additional 334,086 shares during the period. Finally, State Street Corp boosted its stake in Kodiak Gas Services by 8.7% during the third quarter. State Street Corp now owns 678,925 shares of the company’s stock worth $19,689,000 after buying an additional 54,202 shares during the period. 24.95% of the stock is owned by hedge funds and other institutional investors.

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.