Mizuho Issues Positive Forecast for Kodiak Gas Services (NYSE:KGS) Stock Price

Kodiak Gas Services (NYSE:KGS) had its target price upped by equities research analysts at Mizuho from $36.00 to $44.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 14.10% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. William Blair assumed coverage on Kodiak Gas Services in a research report on Tuesday, November 18th. They issued an “outperform” rating for the company. Royal Bank Of Canada upped their price target on Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Barclays upgraded shares of Kodiak Gas Services from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $35.00 to $42.00 in a research note on Tuesday, January 13th. Finally, Stifel Nicolaus set a $48.00 price objective on shares of Kodiak Gas Services in a research note on Thursday, November 6th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.83.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $38.56 on Tuesday. The stock has a market capitalization of $3.34 billion, a P/E ratio of 48.20 and a beta of 1.31. The firm’s fifty day simple moving average is $35.86 and its two-hundred day simple moving average is $34.78. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 2.08. Kodiak Gas Services has a 12 month low of $29.25 and a 12 month high of $50.43.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.14). Kodiak Gas Services had a net margin of 5.84% and a return on equity of 10.37%. The firm had revenue of $322.74 million for the quarter, compared to the consensus estimate of $328.23 million. During the same quarter in the prior year, the company earned ($0.07) earnings per share. The company’s quarterly revenue was down .6% compared to the same quarter last year. As a group, analysts predict that Kodiak Gas Services will post 1.12 EPS for the current year.

Hedge Funds Weigh In On Kodiak Gas Services

Several large investors have recently modified their holdings of KGS. Invesco Ltd. lifted its position in Kodiak Gas Services by 29.5% in the third quarter. Invesco Ltd. now owns 6,305,789 shares of the company’s stock worth $233,125,000 after buying an additional 1,436,443 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Kodiak Gas Services by 41.3% in the third quarter. Vanguard Group Inc. now owns 4,611,188 shares of the company’s stock valued at $170,476,000 after acquiring an additional 1,348,357 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Kodiak Gas Services by 19.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,593,033 shares of the company’s stock worth $95,868,000 after acquiring an additional 418,227 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Kodiak Gas Services by 58.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock worth $73,979,000 after acquiring an additional 730,180 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in Kodiak Gas Services by 14.1% during the 3rd quarter. American Century Companies Inc. now owns 1,851,322 shares of the company’s stock valued at $68,443,000 after purchasing an additional 229,220 shares during the last quarter. 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.