Kodiak Gas Services (NYSE:KGS) Price Target Increased to $32.00 by Analysts at Raymond James

Kodiak Gas Services (NYSE:KGS) had its price target upped by Raymond James from $30.00 to $32.00 in a research report issued on Tuesday, Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price would suggest a potential upside of 22.42% from the company’s current price.

Other research analysts also recently issued reports about the company. The Goldman Sachs Group lifted their target price on Kodiak Gas Services from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Truist Financial lowered their price objective on shares of Kodiak Gas Services from $25.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, December 20th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Kodiak Gas Services from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $26.14.

Kodiak Gas Services Trading Down 1.5 %

KGS stock opened at $26.14 on Tuesday. The company’s 50 day moving average is $26.09 and its two-hundred day moving average is $21.63. Kodiak Gas Services has a twelve month low of $15.05 and a twelve month high of $29.00. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.10 and a quick ratio of 0.73.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.01). The company had revenue of $225.98 million during the quarter, compared to analysts’ expectations of $224.45 million. As a group, equities research analysts expect that Kodiak Gas Services will post 1.82 EPS for the current fiscal year.

Insider Activity

In other Kodiak Gas Services news, Director Margaret C. Montana purchased 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average price of $25.25 per share, for a total transaction of $50,500.00. Following the completion of the purchase, the director now owns 16,375 shares in the company, valued at approximately $413,468.75. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company’s stock.

Institutional Trading of Kodiak Gas Services

Institutional investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd lifted its position in Kodiak Gas Services by 30.2% in the 4th quarter. Quadrature Capital Ltd now owns 26,736 shares of the company’s stock valued at $537,000 after purchasing an additional 6,198 shares during the last quarter. PNC Financial Services Group Inc. bought a new position in Kodiak Gas Services in the 4th quarter valued at about $46,000. Vanguard Group Inc. increased its stake in Kodiak Gas Services by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 1,117,752 shares of the company’s stock valued at $22,444,000 after buying an additional 149,953 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Kodiak Gas Services by 20.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,279,636 shares of the company’s stock worth $25,695,000 after buying an additional 215,570 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Kodiak Gas Services in the fourth quarter worth approximately $585,000. Institutional investors own 24.95% of the company’s stock.

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.