Kodiak Gas Services (NYSE:KGS) Stock Price Expected to Rise, Mizuho Analyst Says

Kodiak Gas Services (NYSE:KGS) had its price target raised by research analysts at Mizuho from $47.00 to $55.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price target would indicate a potential upside of 17.12% from the company’s previous close.

Other equities analysts have also issued reports about the company. Truist Financial boosted their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Citigroup boosted their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Royal Bank of Canada raised their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Raymond James boosted their price target on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Barclays increased 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 note on Monday, January 13th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $41.09.

Kodiak Gas Services Price Performance

NYSE KGS opened at $46.96 on Monday. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $4.11 billion, a PE ratio of 161.93 and a beta of 1.18. The company has a 50 day moving average price of $43.17 and a two-hundred day moving average price of $34.76. Kodiak Gas Services has a 12-month low of $22.64 and a 12-month high of $50.43.

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 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 represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the transaction, the insider now owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Institutional Trading of Kodiak Gas Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in Kodiak Gas Services by 94.7% in the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after purchasing an additional 342 shares in the last quarter. Amalgamated Bank lifted its position in Kodiak Gas Services by 112.6% during the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock worth $45,000 after buying an additional 588 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in shares of Kodiak Gas Services during the 4th quarter worth about $49,000. Mendota Financial Group LLC bought a new position in shares of Kodiak Gas Services in the 4th quarter valued at about $122,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Kodiak Gas Services in the third quarter valued at about $125,000. 24.95% of the stock is currently 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.