Wall Street Zen Upgrades Kodiak Gas Services (NYSE:KGS) to Hold

Kodiak Gas Services (NYSE:KGS) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other equities analysts have also recently issued reports on KGS. Stifel Nicolaus set a $48.00 price objective on shares of Kodiak Gas Services in a research report on Thursday, November 6th. Zacks Research cut shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. William Blair initiated coverage on shares of Kodiak Gas Services in a report on Tuesday, November 18th. They set an “outperform” rating for the company. Finally, Royal Bank Of Canada raised their price objective on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Kodiak Gas Services Stock Up 1.0%

Kodiak Gas Services stock opened at $50.50 on Friday. The firm has a market capitalization of $4.38 billion, a P/E ratio of 63.12 and a beta of 1.31. The stock’s fifty day simple moving average is $40.94 and its 200-day simple moving average is $37.07. Kodiak Gas Services has a twelve month low of $29.25 and a twelve month high of $52.70. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 2.08.

Hedge Funds Weigh In On Kodiak Gas Services

Several institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP increased its holdings in shares of Kodiak Gas Services by 1,850.0% during the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after acquiring an additional 703 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in Kodiak Gas Services by 52.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after purchasing an additional 364 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Kodiak Gas Services by 1,501.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after purchasing an additional 1,156 shares during the last quarter. State of Wyoming grew its holdings in Kodiak Gas Services by 201.7% during the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after purchasing an additional 815 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after purchasing an additional 556 shares during the period. 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.