Citigroup Boosts Kodiak Gas Services (NYSE:KGS) Price Target to $48.00

Kodiak Gas Services (NYSE:KGS) had its price objective upped by equities researchers at Citigroup from $41.00 to $48.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price would indicate a potential upside of 4.01% from the company’s previous close.

Several other research analysts have also recently weighed in on KGS. Bank of America assumed coverage on Kodiak Gas Services in a research note on Wednesday, September 18th. They issued a “buy” rating and a $30.00 price target for the company. Mizuho initiated coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 target price on the stock. Raymond James boosted their target price on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Barclays boosted their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, JPMorgan Chase & Co. upped their price target on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, November 29th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Kodiak Gas Services has a consensus rating of “Moderate Buy” and a consensus target price of $39.36.

Kodiak Gas Services Trading Up 1.6 %

Shares of NYSE KGS opened at $46.15 on Tuesday. The company has a market cap of $4.04 billion, a PE ratio of 159.14 and a beta of 1.15. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The firm’s 50 day moving average price is $40.33 and its 200-day moving average price is $32.74. Kodiak Gas Services has a 52-week low of $20.84 and a 52-week high of $46.84.

Insider Buying and Selling at Kodiak Gas Services

In related news, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $40.45, for a total value of $121,350.00. Following the completion of the transaction, the insider now owns 31,745 shares in the company, valued at approximately $1,284,085.25. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kodiak Gas Services

Several institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new stake in shares of Kodiak Gas Services in the third quarter valued at $610,000. Victory Capital Management Inc. purchased a new position in Kodiak Gas Services during the 3rd quarter worth $2,974,000. Chesapeake Capital Corp IL purchased a new stake in shares of Kodiak Gas Services in the 3rd quarter worth $603,000. Barclays PLC raised its holdings in shares of Kodiak Gas Services by 209.3% in the third quarter. Barclays PLC now owns 42,350 shares of the company’s stock valued at $1,228,000 after acquiring an additional 28,658 shares in the last quarter. Finally, Tidal Investments LLC bought a new position in Kodiak Gas Services during the 3rd quarter worth about $598,000. 24.95% of the stock is owned by institutional investors.

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.