Brokerages Set Kodiak Gas Services, Inc. (NYSE:KGS) Target Price at $39.36

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

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

Insiders Place Their Bets

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $40.45, for a total transaction of $121,350.00. Following the completion of the transaction, the insider now owns 31,745 shares in the company, valued at approximately $1,284,085.25. The trade was a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kodiak Gas Services

A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC grew its holdings in Kodiak Gas Services by 444.4% in the third quarter. FMR LLC now owns 4,889,804 shares of the company’s stock valued at $141,804,000 after purchasing an additional 3,991,630 shares during the period. Wellington Management Group LLP purchased a new stake in Kodiak Gas Services in the third quarter valued at approximately $44,558,000. Zimmer Partners LP grew its stake in Kodiak Gas Services by 313.0% during the third quarter. Zimmer Partners LP now owns 1,779,851 shares of the company’s stock worth $51,616,000 after buying an additional 1,348,899 shares during the period. Augustine Asset Management Inc. grew its stake in Kodiak Gas Services by 1,761.2% during the fourth quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company’s stock worth $26,141,000 after buying an additional 605,844 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC purchased a new stake in Kodiak Gas Services during the third quarter worth approximately $9,741,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Trading Up 3.3 %

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

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.