Kodiak Gas Services (NYSE:KGS) Stock Price Up 8.4% – What’s Next?

Kodiak Gas Services, Inc. (NYSE:KGS) shot up 8.4% on Tuesday . The company traded as high as $47.64 and last traded at $47.71. 1,052,568 shares were traded during mid-day trading, an increase of 16% from the average session volume of 910,198 shares. The stock had previously closed at $44.00.

Analysts Set New Price Targets

Several analysts have recently commented on KGS shares. Mizuho began coverage on shares of Kodiak Gas Services in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 price target on the stock. Truist Financial boosted their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays upped their price target on 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. Citigroup lifted their price objective 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. Finally, Royal Bank of Canada upped their target price on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.36.

Kodiak Gas Services Stock Performance

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 cap of $4.18 billion, a price-to-earnings ratio of 164.51 and a beta of 1.15. The stock’s fifty day moving average is $42.40 and its 200-day moving average is $34.09.

Insider Activity

In other 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 transaction of $121,350.00. Following the transaction, the insider now owns 31,745 shares in the company, valued at $1,284,085.25. The trade was a 8.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KGS. GAMMA Investing LLC lifted its stake 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 acquired a new position in Kodiak Gas Services during the second quarter worth $40,000. Mendota Financial Group LLC bought a new position in Kodiak Gas Services in the fourth quarter valued at $122,000. SG Americas Securities LLC acquired a new stake in Kodiak Gas Services in the 3rd quarter valued at $125,000. Finally, Hsbc Holdings PLC bought a new stake in Kodiak Gas Services during the 2nd quarter worth about $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.