Kodiak Gas Services (NYSE:KGS) Given New $60.00 Price Target at The Goldman Sachs Group

Kodiak Gas Services (NYSE:KGS) had its price target increased by The Goldman Sachs Group from $46.00 to $60.00 in a research report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 4.70% from the company’s previous close.

Several other analysts have also recently issued reports on the company. Stifel Nicolaus set a $48.00 target price on Kodiak Gas Services in a research 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. Citigroup lifted their price target on shares of Kodiak Gas Services from $48.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Barclays increased their price objective on Kodiak Gas Services from $42.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Finally, Mizuho boosted their target price on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.63.

Kodiak Gas Services Stock Up 5.0%

Shares of KGS stock traded up $2.74 on Monday, hitting $57.31. The stock had a trading volume of 714,092 shares, compared to its average volume of 1,644,152. Kodiak Gas Services has a one year low of $29.25 and a one year high of $57.12. The business has a 50 day moving average price of $42.59 and a 200 day moving average price of $37.75. The company has a market cap of $4.97 billion, a PE ratio of 65.87 and a beta of 1.31. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 2.12.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The business had revenue of $332.87 million for the quarter, compared to analysts’ expectations of $330.95 million. During the same period last year, the business posted $0.21 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. Research analysts anticipate that Kodiak Gas Services will post 1.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP grew its position in Kodiak Gas Services by 1,850.0% during the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after purchasing an additional 703 shares during the period. Nisa Investment Advisors LLC grew its holdings in Kodiak Gas Services by 52.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after acquiring an additional 364 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Kodiak Gas Services by 1,501.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after acquiring an additional 1,156 shares during the period. State of Wyoming raised its position in Kodiak Gas Services by 201.7% during the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after acquiring an additional 815 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after acquiring an additional 556 shares during the period. 24.95% of the stock is currently owned by institutional investors and hedge funds.

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.