Kodiak Gas Services (NYSE:KGS) Shares Up 8.4% – Time to Buy?

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Citigroup raised their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Mizuho started coverage on shares of Kodiak Gas Services in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price objective for the company. The Goldman Sachs Group upped their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada lifted their target price 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. Finally, Truist Financial upped their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.36.

Kodiak Gas Services Stock Performance

The firm has a fifty day simple moving average of $42.40 and a 200 day simple moving average of $34.09. The company has a current ratio of 1.27, a quick ratio of 0.93 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.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total transaction of $121,350.00. Following the sale, the insider now directly owns 31,745 shares of the company’s stock, valued at approximately $1,284,085.25. The trade was a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kodiak Gas Services

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake in Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after acquiring an additional 342 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in shares of Kodiak Gas Services by 3.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company’s stock worth $371,000 after purchasing an additional 405 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its position in shares of Kodiak Gas Services by 1.6% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company’s stock worth $1,323,000 after purchasing an additional 500 shares in the last quarter. HWG Holdings LP bought a new position in Kodiak Gas Services during the 2nd quarter valued at about $40,000. Finally, Baker Ellis Asset Management LLC boosted its position in Kodiak Gas Services by 1.4% in the fourth quarter. Baker Ellis Asset Management LLC now owns 121,726 shares of the company’s stock valued at $4,970,000 after buying an additional 1,625 shares in the last quarter. 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.