Kodiak Gas Services (NYSE:KGS) PT Raised to $32.00 at Raymond James

Kodiak Gas Services (NYSE:KGS) had its price target increased by stock analysts at Raymond James from $30.00 to $32.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 22.42% from the stock’s current price.

KGS has been the topic of a number of other reports. Truist Financial decreased their price target on Kodiak Gas Services from $25.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, December 20th. The Goldman Sachs Group increased their price target on shares of Kodiak Gas Services from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Kodiak Gas Services from $27.00 to $28.00 and gave the company a “neutral” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $26.14.

Kodiak Gas Services Price Performance

Shares of KGS opened at $26.14 on Tuesday. The firm’s 50-day moving average is $26.09 and its two-hundred day moving average is $21.63. Kodiak Gas Services has a twelve month low of $15.05 and a twelve month high of $29.00. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.73 and a current ratio of 1.10.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.01). The business had revenue of $225.98 million for the quarter, compared to the consensus estimate of $224.45 million. As a group, sell-side analysts expect that Kodiak Gas Services will post 1.82 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Margaret C. Montana purchased 2,000 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were acquired at an average cost of $25.25 per share, with a total value of $50,500.00. Following the completion of the purchase, the director now owns 16,375 shares of the company’s stock, valued at approximately $413,468.75. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Institutional Trading of Kodiak Gas Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KGS. Amalgamated Bank acquired a new position in Kodiak Gas Services during the third quarter worth $32,000. Deutsche Bank AG acquired a new position in Kodiak Gas Services in the third quarter valued at about $38,000. PNC Financial Services Group Inc. acquired a new position in Kodiak Gas Services in the fourth quarter valued at about $46,000. Barclays PLC bought a new stake in Kodiak Gas Services during the third quarter worth about $53,000. Finally, Strs Ohio acquired a new stake in shares of Kodiak Gas Services during the third quarter worth approximately $57,000. Institutional investors and hedge funds 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.