Kodiak Gas Services, Inc. (NYSE:KGS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have been given a consensus rating of “Moderate Buy” by the eleven ratings firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $39.36.

Several equities analysts recently issued reports on KGS shares. JPMorgan Chase & Co. boosted their price target on Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. Barclays boosted their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Mizuho assumed coverage on Kodiak Gas Services in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 target price for the company. Royal Bank of Canada boosted their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, Truist Financial raised their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 8th.

Kodiak Gas Services Stock Performance

NYSE:KGS opened at $47.71 on Friday. The firm’s 50-day moving average is $42.40 and its 200-day moving average is $34.09. The company has a market cap of $4.18 billion, a price-to-earnings ratio of 164.51 and a beta of 1.15. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. Kodiak Gas Services has a 52-week low of $22.64 and a 52-week high of $49.72.

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 on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total value 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by insiders.

Institutional Trading of Kodiak Gas Services

A number of hedge funds and other institutional investors have recently made changes to their positions in KGS. FMR LLC grew its holdings in Kodiak Gas Services by 444.4% during the 3rd quarter. FMR LLC now owns 4,889,804 shares of the company’s stock worth $141,804,000 after acquiring an additional 3,991,630 shares during the last quarter. Zimmer Partners LP grew its stake in shares of Kodiak Gas Services by 313.0% during the third quarter. Zimmer Partners LP now owns 1,779,851 shares of the company’s stock valued at $51,616,000 after purchasing an additional 1,348,899 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Kodiak Gas Services in the third quarter valued at approximately $44,558,000. State Street Corp raised its position in Kodiak Gas Services by 8.7% in the 3rd quarter. State Street Corp now owns 678,925 shares of the company’s stock worth $19,689,000 after purchasing an additional 54,202 shares during the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in Kodiak Gas Services by 50.3% during the 3rd quarter. Two Sigma Advisers LP now owns 605,100 shares of the company’s stock worth $17,548,000 after buying an additional 202,400 shares in the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

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.