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

Kodiak Gas Services (NYSE:KGS) had its price objective boosted by equities researchers at Mizuho from $47.00 to $55.00 in a report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Mizuho’s target price indicates a potential upside of 16.07% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. 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 research note on Monday, November 11th. Citigroup lifted their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Barclays increased their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Raymond James lifted their price target on Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Truist Financial boosted their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a research note 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.09.

Kodiak Gas Services Stock Performance

Shares of KGS stock traded up $0.61 on Monday, hitting $47.39. 353,619 shares of the stock were exchanged, compared to its average volume of 1,076,191. The firm’s 50 day moving average is $42.88 and its two-hundred day moving average is $34.50. Kodiak Gas Services has a one year low of $22.64 and a one year high of $50.43. The firm has a market capitalization of $4.15 billion, a PE ratio of 162.87 and a beta of 1.18. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86.

Insider Transactions at Kodiak Gas Services

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

Institutional Trading of Kodiak Gas Services

Several hedge funds and other institutional investors have recently bought and sold shares of KGS. GAMMA Investing LLC lifted 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 acquiring an additional 342 shares during the last quarter. Mendota Financial Group LLC purchased a new position in Kodiak Gas Services in the 4th quarter worth $122,000. SG Americas Securities LLC bought a new stake in Kodiak Gas Services in the third quarter worth $125,000. Kestra Investment Management LLC purchased a new stake in Kodiak Gas Services during the fourth quarter valued at about $233,000. Finally, Quadrature Capital Ltd bought a new position in shares of Kodiak Gas Services during the third quarter valued at about $242,000. Hedge funds and other 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.