Barclays Has Lowered Expectations for Kodiak Gas Services (NYSE:KGS) Stock Price

Kodiak Gas Services (NYSE:KGS) had its price objective lowered by equities research analysts at Barclays from $41.00 to $36.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective points to a potential upside of 7.56% from the stock’s previous close.

Several other equities analysts have also recently weighed in on the company. Royal Bank of Canada set a $45.00 target price on Kodiak Gas Services and gave the company an “outperform” rating in a research note on Tuesday, March 11th. Mizuho boosted their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Raymond James reaffirmed an “outperform” rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Citigroup raised their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Truist Financial raised their target price on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.45.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $33.47 on Wednesday. Kodiak Gas Services has a 1 year low of $24.84 and a 1 year high of $50.43. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The stock has a fifty day moving average price of $38.57 and a 200 day moving average price of $38.79. The stock has a market cap of $2.97 billion, a PE ratio of 115.42 and a beta of 1.52.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.15). The firm had revenue of $309.52 million during the quarter, compared to analyst estimates of $323.82 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. Sell-side analysts forecast that Kodiak Gas Services will post 1.12 earnings per share for the current fiscal year.

Insider Activity at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the sale, the insider now owns 34,771,323 shares of the company’s stock, valued at approximately $1,651,637,842.50. The trade was a 9.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.27% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kodiak Gas Services

Several large investors have recently made changes to their positions in the business. FMR LLC boosted its holdings in Kodiak Gas Services by 50.2% in the fourth quarter. FMR LLC now owns 7,342,296 shares of the company’s stock worth $299,786,000 after purchasing an additional 2,452,492 shares during the last quarter. Encompass Capital Advisors LLC purchased a new stake in Kodiak Gas Services during the 4th quarter valued at approximately $66,122,000. Zimmer Partners LP increased its stake in Kodiak Gas Services by 88.1% in the 4th quarter. Zimmer Partners LP now owns 3,347,700 shares of the company’s stock worth $136,687,000 after acquiring an additional 1,567,849 shares during the last quarter. Vanguard Group Inc. increased its position in Kodiak Gas Services by 52.3% during the fourth quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company’s stock valued at $108,568,000 after acquiring an additional 913,104 shares during the last quarter. Finally, Merewether Investment Management LP lifted its stake in shares of Kodiak Gas Services by 259.4% during the 4th quarter. Merewether Investment Management LP now owns 934,499 shares of the company’s stock worth $38,156,000 after acquiring an additional 674,499 shares during the last quarter. 24.95% of the stock is currently 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.