Analysts Set Kodiak Gas Services, Inc. (NYSE:KGS) PT at $39.36

Kodiak Gas Services, Inc. (NYSE:KGS) has been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $39.36.

KGS has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. 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. JPMorgan Chase & Co. increased their price objective on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. Raymond James increased their price objective on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Truist Financial increased their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, November 8th.

Insider Buying and Selling

In related news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $40.45, for a total value of $121,350.00. Following the sale, the insider now owns 31,745 shares of the company’s stock, valued at $1,284,085.25. This trade represents a 8.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Kodiak Gas Services

Several large investors have recently bought and sold shares of KGS. FMR LLC increased its stake in Kodiak Gas Services by 444.4% during the 3rd quarter. FMR LLC now owns 4,889,804 shares of the company’s stock valued at $141,804,000 after buying an additional 3,991,630 shares during the period. Wellington Management Group LLP acquired a new position in Kodiak Gas Services during the 3rd quarter valued at about $44,558,000. Zimmer Partners LP increased its stake in Kodiak Gas Services by 313.0% during the 3rd quarter. Zimmer Partners LP now owns 1,779,851 shares of the company’s stock valued at $51,616,000 after buying an additional 1,348,899 shares during the period. Augustine Asset Management Inc. boosted its position in shares of Kodiak Gas Services by 1,761.2% during the 4th quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company’s stock valued at $26,141,000 after purchasing an additional 605,844 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Kodiak Gas Services during the 3rd quarter valued at about $9,741,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Trading Up 3.3 %

KGS opened at $49.64 on Friday. Kodiak Gas Services has a 12-month low of $22.64 and a 12-month high of $50.43. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The stock has a market capitalization of $4.35 billion, a PE ratio of 171.18 and a beta of 1.15. The firm’s fifty day moving average price is $42.75 and its 200 day moving average price is $34.29.

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.