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

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) have been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $26.14.

Several brokerages have weighed in on KGS. Raymond James lifted their price objective on Kodiak Gas Services from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. JPMorgan Chase & Co. lifted their price objective on Kodiak Gas Services from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Finally, The Goldman Sachs Group lifted their price objective on Kodiak Gas Services from $27.00 to $31.00 and gave the company a “buy” rating in a report on Wednesday, April 10th.

Insider Transactions at Kodiak Gas Services

In other Kodiak Gas Services news, Director Margaret C. Montana purchased 2,000 shares of the stock in a transaction dated Tuesday, March 12th. The stock was bought at an average price of $25.25 per share, with a total value of $50,500.00. Following the acquisition, the director now owns 16,375 shares of the company’s stock, valued at $413,468.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

Hedge Funds Weigh In On Kodiak Gas Services

Institutional investors and hedge funds have recently bought and sold shares of the company. Amalgamated Bank acquired a new position in Kodiak Gas Services in the 3rd quarter worth about $32,000. PNC Financial Services Group Inc. acquired a new position in Kodiak Gas Services in the 4th quarter worth about $46,000. Barclays PLC acquired a new position in Kodiak Gas Services in the 3rd quarter worth about $53,000. Strs Ohio acquired a new position in Kodiak Gas Services in the 3rd quarter worth about $57,000. Finally, New York State Common Retirement Fund acquired a new position in Kodiak Gas Services in the 3rd quarter worth about $59,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Stock Up 1.0 %

KGS opened at $27.89 on Wednesday. The business has a fifty day simple moving average of $26.55 and a 200 day simple moving average of $22.14. Kodiak Gas Services has a 1 year low of $15.05 and a 1 year high of $29.00. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 1.10.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Wednesday, March 6th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $225.98 million during the quarter, compared to analysts’ expectations of $224.45 million. Equities analysts anticipate that Kodiak Gas Services will post 1.82 earnings per share for the current fiscal year.

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.