Kodiak Gas Services (NYSE:KGS) Price Target Raised to $63.00

Kodiak Gas Services (NYSE:KGS) had its price target raised by Citigroup from $53.00 to $63.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 9.71% from the stock’s previous close.

A number of other equities analysts have also recently commented on KGS. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Stifel Nicolaus set a $48.00 price objective on Kodiak Gas Services in a research note on Thursday, November 6th. Mizuho boosted their target price on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada increased their target price on Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Finally, Zacks Research lowered Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and an average target price of $49.88.

Kodiak Gas Services Price Performance

KGS traded up $2.85 during trading on Monday, reaching $57.42. The stock had a trading volume of 852,670 shares, compared to its average volume of 1,647,541. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.57 and a current ratio of 0.84. The business has a 50-day moving average of $42.59 and a 200-day moving average of $37.75. Kodiak Gas Services has a one year low of $29.25 and a one year high of $57.52. The stock has a market cap of $4.98 billion, a PE ratio of 66.09 and a beta of 1.31.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.13). The firm had revenue of $332.87 million during the quarter, compared to analysts’ expectations of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.21 EPS. As a group, equities research analysts anticipate that Kodiak Gas Services will post 1.12 EPS for the current fiscal year.

Institutional Investors Weigh In On Kodiak Gas Services

A number of large investors have recently modified their holdings of the stock. Van ECK Associates Corp increased its position in shares of Kodiak Gas Services by 0.9% during the fourth quarter. Van ECK Associates Corp now owns 23,640 shares of the company’s stock valued at $884,000 after buying an additional 209 shares during the period. United Advisor Group LLC boosted its position in Kodiak Gas Services by 2.0% during the 4th quarter. United Advisor Group LLC now owns 15,817 shares of the company’s stock valued at $592,000 after acquiring an additional 304 shares in the last quarter. Comerica Bank grew its holdings in shares of Kodiak Gas Services by 1.8% during the 4th quarter. Comerica Bank now owns 20,499 shares of the company’s stock worth $767,000 after acquiring an additional 357 shares during the period. Dynamic Technology Lab Private Ltd raised its position in shares of Kodiak Gas Services by 4.6% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 8,180 shares of the company’s stock worth $280,000 after acquiring an additional 360 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Kodiak Gas Services by 52.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after acquiring an additional 364 shares in the last quarter. 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.