Kodiak Gas Services (NYSE:KGS) Stock Rating Upgraded by Zacks Research

Kodiak Gas Services (NYSE:KGS) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other brokerages also recently issued reports on KGS. Barclays raised their price target on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. Royal Bank Of Canada raised their price target on shares of Kodiak Gas Services from $45.00 to $64.00 and gave the stock an “outperform” rating in a report on Thursday, March 19th. Mizuho raised their price target on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Citigroup raised their price target on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.86.

Kodiak Gas Services Trading Down 1.6%

KGS opened at $70.28 on Wednesday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57. The company’s 50 day simple moving average is $60.00 and its two-hundred day simple moving average is $46.17. Kodiak Gas Services has a 1-year low of $30.06 and a 1-year high of $71.92. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 80.78, a price-to-earnings-growth ratio of 1.01 and a beta of 1.01.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The business had revenue of $332.87 million during the quarter, compared to analysts’ expectations of $330.95 million. During the same period last year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. Analysts expect that Kodiak Gas Services will post 2.33 EPS for the current fiscal year.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, Director Alexander Newsom Darden bought 5,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was acquired at an average price of $54.75 per share, for a total transaction of $273,750.00. Following the completion of the purchase, the director owned 5,000 shares of the company’s stock, valued at approximately $273,750. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Pedro R. Buhigas sold 13,942 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $55.73, for a total transaction of $776,987.66. Following the sale, the insider owned 42,723 shares of the company’s stock, valued at $2,380,952.79. This trade represents a 24.60% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have acquired 11,433 shares of company stock valued at $624,360 and have sold 58,673 shares valued at $3,269,110. 0.64% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its position in shares of Kodiak Gas Services by 492.8% in the third quarter. Principal Financial Group Inc. now owns 399,041 shares of the company’s stock valued at $14,753,000 after purchasing an additional 331,732 shares during the last quarter. Rhumbline Advisers grew its position in shares of Kodiak Gas Services by 126.9% in the third quarter. Rhumbline Advisers now owns 179,160 shares of the company’s stock valued at $6,624,000 after purchasing an additional 100,194 shares during the last quarter. Public Sector Pension Investment Board acquired a new stake in shares of Kodiak Gas Services in the third quarter valued at approximately $9,491,000. Westend Capital Management LLC acquired a new stake in shares of Kodiak Gas Services in the fourth quarter valued at approximately $13,585,000. Finally, New York State Common Retirement Fund grew its position in shares of Kodiak Gas Services by 395.1% in the third quarter. New York State Common Retirement Fund now owns 84,838 shares of the company’s stock valued at $3,136,000 after purchasing an additional 67,704 shares during the last quarter. 24.95% of the stock is owned by hedge funds and other institutional investors.

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.