Kodiak Gas Services (NYSE:KGS) Price Target Raised to $90.00

Kodiak Gas Services (NYSE:KGS) had its price objective raised by investment analysts at Stifel Nicolaus from $84.00 to $90.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 35.28% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Friday, May 29th. Wells Fargo & Company began coverage on shares of Kodiak Gas Services in a report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 target price for the company. Royal Bank Of Canada lifted their price target on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a research report on Monday, May 18th. Citigroup boosted their price target on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group upped their price target on Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Kodiak Gas Services has an average rating of “Moderate Buy” and a consensus target price of $79.50.

Kodiak Gas Services Stock Down 1.9%

KGS opened at $66.53 on Tuesday. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.28 and a quick ratio of 0.99. Kodiak Gas Services has a 12 month low of $30.06 and a 12 month high of $77.68. The stock has a market capitalization of $5.91 billion, a P/E ratio of 89.90, a P/E/G ratio of 1.05 and a beta of 0.89. The business has a 50 day simple moving average of $70.38 and a 200-day simple moving average of $57.75.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.05. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The firm had revenue of $345.76 million during the quarter, compared to analysts’ expectations of $340.23 million. During the same quarter in the prior year, the business posted $0.33 earnings per share. Kodiak Gas Services’s revenue was up 4.9% compared to the same quarter last year. On average, equities analysts anticipate that Kodiak Gas Services will post 2.3 earnings per share for the current fiscal year.

Insider Activity

In other Kodiak Gas Services news, EVP Cory Anne Roclawski sold 4,169 shares of the stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $68.36, for a total transaction of $284,992.84. Following the sale, the executive vice president directly owned 24,662 shares of the company’s stock, valued at approximately $1,685,894.32. This represents a 14.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO William Chad Lenamon sold 1,000 shares of the company’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $67.79, for a total value of $67,790.00. Following the transaction, the chief operating officer owned 87,294 shares of the company’s stock, valued at approximately $5,917,660.26. The trade was a 1.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 13,523 shares of company stock worth $921,319. Corporate insiders own 0.64% of the company’s stock.

Hedge Funds Weigh In On Kodiak Gas Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KGS. Invesco Ltd. increased its position in shares of Kodiak Gas Services by 20.4% in the fourth quarter. Invesco Ltd. now owns 7,593,274 shares of the company’s stock worth $283,988,000 after acquiring an additional 1,287,485 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Kodiak Gas Services by 33.8% in the 4th quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock valued at $230,771,000 after purchasing an additional 1,559,172 shares during the period. Zimmer Partners LP increased its stake in Kodiak Gas Services by 45.7% during the fourth quarter. Zimmer Partners LP now owns 4,271,553 shares of the company’s stock valued at $159,756,000 after acquiring an additional 1,339,849 shares during the period. State Street Corp increased its position in shares of Kodiak Gas Services by 31.8% during the fourth quarter. State Street Corp now owns 3,340,008 shares of the company’s stock valued at $124,916,000 after purchasing an additional 806,191 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Kodiak Gas Services by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock worth $181,108,000 after purchasing an additional 135,998 shares in the last quarter. 24.95% of the stock is owned by 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.