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

Kodiak Gas Services (NYSE:KGS) had its price objective upped by research analysts at Raymond James from $35.00 to $39.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 11.84% from the stock’s previous close.

Several other equities research analysts have also recently commented on KGS. Truist Financial lifted their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus lifted their price objective on Kodiak Gas Services from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Royal Bank of Canada boosted their price objective on Kodiak Gas Services from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Citigroup started coverage on shares of Kodiak Gas Services in a research note on Friday, September 27th. They issued a “buy” rating and a $35.00 target price on the stock. Finally, Bank of America started coverage on shares of Kodiak Gas Services in a research note on Wednesday, September 18th. They set a “buy” rating and a $30.00 price target for the company. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.18.

Kodiak Gas Services Price Performance

Shares of KGS traded up $0.32 during trading hours on Friday, hitting $34.87. The stock had a trading volume of 316,247 shares, compared to its average volume of 519,872. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 54.53 and a beta of 0.79. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.05 and a quick ratio of 0.70. The company’s fifty day moving average is $29.88 and its two-hundred day moving average is $28.15. Kodiak Gas Services has a 52 week low of $16.86 and a 52 week high of $35.56.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.29). Kodiak Gas Services had a return on equity of 7.20% and a net margin of 5.23%. The firm had revenue of $309.65 million for the quarter, compared to analyst estimates of $313.88 million. On average, analysts anticipate that Kodiak Gas Services will post 1.15 EPS for the current year.

Institutional Trading of Kodiak Gas Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Security National Bank bought a new position in shares of Kodiak Gas Services in the 2nd quarter worth about $39,000. HWG Holdings LP bought a new stake in Kodiak Gas Services in the second quarter worth approximately $40,000. nVerses Capital LLC boosted its holdings in shares of Kodiak Gas Services by 90.9% during the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after buying an additional 1,000 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Kodiak Gas Services during the 3rd quarter worth approximately $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Kodiak Gas Services by 115.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company’s stock valued at $155,000 after acquiring an additional 3,045 shares in the last quarter. Institutional investors and hedge funds 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.