Kodiak Gas Services, Inc. (NYSE:KGS) Receives $39.36 Consensus Target Price from Brokerages

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $39.36.

A number of research firms have issued reports on KGS. Barclays lifted their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Royal Bank of Canada upped their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. The Goldman Sachs Group boosted their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Raymond James upped their price target on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Truist Financial raised their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th.

Kodiak Gas Services Trading Up 1.7 %

Shares of KGS stock opened at $49.62 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. Kodiak Gas Services has a fifty-two week low of $22.58 and a fifty-two week high of $49.72. The company has a market cap of $4.35 billion, a PE ratio of 171.10 and a beta of 1.15. The stock’s fifty day moving average price is $42.09 and its two-hundred day moving average price is $33.83.

Insider Buying and Selling

In other news, insider Ewan William Hamilton sold 3,000 shares of the firm’s 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 sale, the insider now directly owns 31,745 shares in the company, valued at $1,284,085.25. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in Kodiak Gas Services by 94.7% in the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after acquiring an additional 342 shares in the last quarter. HWG Holdings LP purchased a new stake in shares of Kodiak Gas Services in the second quarter worth approximately $40,000. Mendota Financial Group LLC bought a new position in shares of Kodiak Gas Services in the fourth quarter valued at approximately $122,000. SG Americas Securities LLC purchased a new position in shares of Kodiak Gas Services during the third quarter valued at approximately $125,000. Finally, Hsbc Holdings PLC bought a new stake in Kodiak Gas Services during the second quarter worth $208,000. Institutional investors own 24.95% of the company’s stock.

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.