Kodiak Gas Services (NYSE:KGS) Now Covered by Analysts at Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Kodiak Gas Services (NYSE:KGS) in a report released on Thursday. The firm set a “buy” rating and a $79.00 price target on the stock. Jefferies Financial Group’s price target points to a potential upside of 17.17% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Barclays boosted their price target on Kodiak Gas Services from $60.00 to $76.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Zacks Research raised Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Royal Bank Of Canada lifted their target price on Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, May 18th. Finally, The Goldman Sachs Group boosted their target price on Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $75.22.

Kodiak Gas Services Trading Up 0.3%

KGS opened at $67.42 on Thursday. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 91.11, a P/E/G ratio of 0.94 and a beta of 0.94. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38. Kodiak Gas Services has a twelve month low of $30.06 and a twelve month high of $77.68. The company has a 50-day simple moving average of $66.11 and a 200 day simple moving average of $51.09.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Monday, May 11th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.54 by $0.05. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The company had revenue of $345.76 million during the quarter, compared to analysts’ expectations of $340.23 million. During the same period in the previous year, the company earned $0.33 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts predict that Kodiak Gas Services will post 2.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Kodiak Gas Services news, insider Pedro R. Buhigas sold 13,942 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $55.73, for a total value of $776,987.66. Following the completion of the transaction, the insider owned 42,723 shares of the company’s stock, valued at $2,380,952.79. This represents a 24.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Cory Anne Roclawski sold 21,161 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $56.52, for a total value of $1,196,019.72. Following the completion of the transaction, the executive vice president directly owned 42,257 shares of the company’s stock, valued at approximately $2,388,365.64. The trade was a 33.37% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 58,673 shares of company stock worth $3,269,110 in the last ninety days. Insiders own 0.64% of the company’s stock.

Institutional Trading of Kodiak Gas Services

A number of hedge funds have recently made changes to their positions in KGS. Nisa Investment Advisors LLC raised its holdings in Kodiak Gas Services by 52.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after buying an additional 364 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Kodiak Gas Services by 1,501.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after acquiring an additional 1,156 shares during the last quarter. State of Wyoming grew its holdings in Kodiak Gas Services by 201.7% during the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after acquiring an additional 815 shares during the last quarter. GAMMA Investing LLC increased its position in Kodiak Gas Services by 80.3% in the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after acquiring an additional 556 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in Kodiak Gas Services by 80.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after acquiring an additional 646 shares during the period. 24.95% of the stock is owned by institutional investors and hedge funds.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.