Kodiak Gas Services (NYSE:KGS) Stock Price Expected to Rise, Citigroup Analyst Says

Kodiak Gas Services (NYSE:KGS) had its target price upped by Citigroup from $41.00 to $48.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 4.01% from the company’s previous close.

Several other analysts have also recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, November 29th. Mizuho assumed coverage on Kodiak Gas Services in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 price target for the company. Bank of America began coverage on Kodiak Gas Services in a research report on Wednesday, September 18th. They set a “buy” rating and a $30.00 price objective on the stock. Truist Financial boosted their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, The Goldman Sachs Group increased their price target 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. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $39.36.

Kodiak Gas Services Stock Up 1.6 %

KGS stock opened at $46.15 on Tuesday. Kodiak Gas Services has a 1-year low of $20.84 and a 1-year high of $46.84. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 159.14 and a beta of 1.15. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The company’s 50 day moving average is $40.33 and its 200 day moving average is $32.74.

Insider Activity at Kodiak Gas Services

In other news, insider Ewan William Hamilton sold 3,000 shares of the firm’s stock in a transaction dated 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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kodiak Gas Services

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