Kodiak Gas Services (NYSE:KGS) Price Target Raised to $44.00

Kodiak Gas Services (NYSE:KGS) had its target price boosted by Mizuho from $36.00 to $44.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an outperform rating on the stock.

A number of other research analysts have also recently commented on KGS. Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, January 3rd. Stifel Nicolaus set a $48.00 price objective on shares of Kodiak Gas Services in a report on Thursday, November 6th. Zacks Research cut shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Barclays upgraded shares of Kodiak Gas Services from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $35.00 to $42.00 in a report on Tuesday, January 13th. Finally, Royal Bank Of Canada upped their price target on Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $44.83.

Kodiak Gas Services Trading Up 0.5%

Shares of Kodiak Gas Services stock opened at $39.90 on Tuesday. The stock has a 50 day moving average of $36.18 and a 200 day moving average of $34.88. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.69 and a current ratio of 0.98. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 49.88 and a beta of 1.31. Kodiak Gas Services has a fifty-two week low of $29.25 and a fifty-two week high of $50.43.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.14). The business had revenue of $322.74 million during the quarter, compared to analyst estimates of $328.23 million. Kodiak Gas Services had a net margin of 5.84% and a return on equity of 10.37%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company earned ($0.07) EPS. As a group, research analysts predict that Kodiak Gas Services will post 1.12 earnings per share for the current year.

Hedge Funds Weigh In On Kodiak Gas Services

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its stake in shares of Kodiak Gas Services by 67.5% in the first quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock valued at $382,000 after acquiring an additional 4,126 shares in the last quarter. AQR Capital Management LLC increased its holdings in Kodiak Gas Services by 64.9% during the 1st quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock worth $793,000 after purchasing an additional 8,369 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Kodiak Gas Services by 44.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock worth $1,000,000 after purchasing an additional 8,297 shares during the period. Goldman Sachs Group Inc. raised its position in Kodiak Gas Services by 58.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock valued at $73,979,000 after purchasing an additional 730,180 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Kodiak Gas Services by 102.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock valued at $3,548,000 after buying an additional 48,122 shares during the period. Institutional investors and hedge funds 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.