Barclays Boosts Kodiak Gas Services (NYSE:KGS) Price Target to $60.00

Kodiak Gas Services (NYSE:KGS) had its target price lifted by Barclays from $49.00 to $60.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 8.44% from the company’s previous close.

A number of other research firms also recently issued reports on KGS. The Goldman Sachs Group raised their price target on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. William Blair started coverage on shares of Kodiak Gas Services in a research report on Tuesday, November 18th. They set an “outperform” rating for the company. Stifel Nicolaus set a $48.00 target price on shares of Kodiak Gas Services in a report on Thursday, November 6th. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Zacks Research lowered Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $51.25.

Kodiak Gas Services Price Performance

Shares of KGS opened at $55.33 on Thursday. Kodiak Gas Services has a 52 week low of $29.25 and a 52 week high of $58.50. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 2.12. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 63.60 and a beta of 1.11. The stock has a 50 day moving average of $44.61 and a 200-day moving average of $38.46.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 earnings per share. As a group, analysts forecast that Kodiak Gas Services will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Allworth Financial LP raised its holdings in shares of Kodiak Gas Services by 1,850.0% during the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after buying an additional 703 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Kodiak Gas Services by 52.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after acquiring an additional 364 shares during the period. EverSource Wealth Advisors LLC raised its stake in Kodiak Gas Services by 1,501.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after acquiring an additional 1,156 shares in the last quarter. State of Wyoming boosted its position in Kodiak Gas Services by 201.7% during the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after acquiring an additional 815 shares during the period. Finally, GAMMA Investing LLC boosted its position in Kodiak Gas Services by 80.3% during the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after acquiring an additional 556 shares during the period. 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.