Kodiak Gas Services (NYSE:KGS) Shares Gap Down – Should You Sell?

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) gapped down prior to trading on Friday . The stock had previously closed at $49.66, but opened at $47.75. Kodiak Gas Services shares last traded at $47.54, with a volume of 378,117 shares traded.

Analyst Upgrades and Downgrades

KGS has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Citigroup boosted their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Barclays raised their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Raymond James upped their price objective on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group raised their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.36.

Kodiak Gas Services Trading Down 5.8 %

The firm has a market cap of $4.09 billion, a PE ratio of 161.23 and a beta of 1.15. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The business has a 50-day moving average price of $42.88 and a two-hundred day moving average price of $34.46.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total transaction of $121,350.00. Following the sale, the insider now owns 31,745 shares in the company, valued at approximately $1,284,085.25. This represents a 8.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kodiak Gas Services

A number of institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in Kodiak Gas Services by 94.7% during the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after purchasing an additional 342 shares in the last quarter. Mendota Financial Group LLC acquired a new stake in shares of Kodiak Gas Services during the 4th quarter worth about $122,000. SG Americas Securities LLC purchased a new stake in shares of Kodiak Gas Services during the third quarter worth about $125,000. Hsbc Holdings PLC acquired a new position in shares of Kodiak Gas Services in the second quarter valued at approximately $208,000. Finally, Kestra Investment Management LLC purchased a new position in shares of Kodiak Gas Services during the fourth quarter valued at approximately $233,000. 24.95% of the stock is owned by institutional investors and hedge funds.

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.