Kodiak Gas Services (NYSE:KGS) Given New $39.00 Price Target at Raymond James

Kodiak Gas Services (NYSE:KGS) had its target price lifted by analysts at Raymond James from $35.00 to $39.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective indicates a potential upside of 11.84% from the company’s current price.

KGS has been the subject of several other research reports. Truist Financial raised 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. Bank of America started coverage on shares of Kodiak Gas Services in a report on Wednesday, September 18th. They issued a “buy” rating and a $30.00 target price on the stock. Redburn Atlantic began coverage on Kodiak Gas Services in a research report on Thursday, September 19th. They issued a “buy” rating and a $35.00 price objective for the company. Stifel Nicolaus upped their price target on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada lifted their price objective on Kodiak Gas Services from $31.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.18.

Kodiak Gas Services Stock Up 0.9 %

Shares of KGS traded up $0.32 during mid-day trading on Friday, reaching $34.87. The company’s stock had a trading volume of 316,247 shares, compared to its average volume of 519,872. The company’s 50 day moving average is $29.88 and its 200 day moving average is $28.15. The stock has a market cap of $2.95 billion, a PE ratio of 54.53 and a beta of 0.79. Kodiak Gas Services has a 12-month low of $16.86 and a 12-month high of $35.56. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.05 and a quick ratio of 0.70.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.29). Kodiak Gas Services had a return on equity of 7.20% and a net margin of 5.23%. The business had revenue of $309.65 million for the quarter, compared to analysts’ expectations of $313.88 million. Equities analysts anticipate that Kodiak Gas Services will post 1.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Kodiak Gas Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Blackstone Inc. boosted its stake in Kodiak Gas Services by 1,358.3% during the 1st quarter. Blackstone Inc. now owns 644,231 shares of the company’s stock valued at $17,613,000 after purchasing an additional 600,055 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Kodiak Gas Services in the first quarter worth $11,544,000. HITE Hedge Asset Management LLC increased its position in Kodiak Gas Services by 74.8% during the second quarter. HITE Hedge Asset Management LLC now owns 780,600 shares of the company’s stock worth $21,279,000 after acquiring an additional 334,086 shares during the period. American Century Companies Inc. boosted its holdings in Kodiak Gas Services by 63.2% in the 2nd quarter. American Century Companies Inc. now owns 575,371 shares of the company’s stock valued at $15,685,000 after purchasing an additional 222,830 shares during the period. Finally, Pier Capital LLC bought a new stake in Kodiak Gas Services in the 2nd quarter valued at $4,558,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

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.