Kodiak Gas Services (NYSE:KGS) Price Target Raised to $55.00 at Mizuho

Kodiak Gas Services (NYSE:KGS) had its target price boosted by stock 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 suggest a potential upside of 16.07% from the company’s previous close.

Several other research analysts have also commented on the stock. 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 report on Monday, November 11th. Citigroup raised their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Raymond James raised their price objective 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. JPMorgan Chase & Co. raised their target price on Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. Finally, Barclays upped their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and an average target price of $41.09.

Kodiak Gas Services Trading Up 1.3 %

Shares of KGS traded up $0.61 during mid-day trading on Monday, hitting $47.39. 353,619 shares of the company’s stock traded hands, compared to its average volume of 1,076,191. 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 firm has a market capitalization of $4.15 billion, a P/E ratio of 162.87 and a beta of 1.18. The business’s 50-day moving average price is $42.88 and its 200-day moving average price is $34.50. Kodiak Gas Services has a 1 year low of $22.64 and a 1 year high of $50.43.

Insider Activity

In other news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were 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 $1,284,085.25. This represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Kodiak Gas Services

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Kodiak Gas Services by 94.7% in 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 bought a new stake in Kodiak Gas Services in the 4th quarter worth about $122,000. SG Americas Securities LLC bought a new stake in Kodiak Gas Services in the 3rd quarter worth about $125,000. Kestra Investment Management LLC purchased a new position in Kodiak Gas Services in the 4th quarter worth about $233,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Kodiak Gas Services during the 3rd quarter valued at about $242,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

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.