Kodiak Gas Services (NYSE:KGS) Sets New 52-Week High – Should You Buy?

Kodiak Gas Services, Inc. (NYSE:KGS) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $71.49 and last traded at $68.4790, with a volume of 10677 shares trading hands. The stock had previously closed at $68.54.

Analysts Set New Price Targets

KGS has been the topic of a number of recent analyst reports. Citigroup increased 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. Royal Bank Of Canada upped their price objective on shares of Kodiak Gas Services from $45.00 to $64.00 and gave the stock an “outperform” rating in a research report on Thursday, March 19th. Mizuho increased their target price on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. Zacks Research cut Kodiak Gas Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 7th. Finally, The Goldman Sachs Group upped their price target on Kodiak Gas Services from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $55.86.

Kodiak Gas Services Price Performance

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 stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 81.47, a price-to-earnings-growth ratio of 0.96 and a beta of 1.01. The stock has a 50 day moving average price of $59.19 and a 200-day moving average price of $45.65.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). The firm had revenue of $332.87 million during the quarter, compared to analyst estimates of $330.95 million. Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 earnings per share. On average, analysts forecast that Kodiak Gas Services, Inc. will post 2.34 earnings per share for the current year.

Insiders Place Their Bets

In other Kodiak Gas Services news, Director Randall J. Hogan purchased 6,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of $54.81 per share, for a total transaction of $328,860.00. Following the completion of the transaction, the director owned 28,406 shares of the company’s stock, valued at $1,556,932.86. The trade was a 26.78% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Cory Anne Roclawski sold 10,852 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $54.41, for a total transaction of $590,457.32. Following the sale, the executive vice president directly owned 31,405 shares of the company’s stock, valued at approximately $1,708,746.05. This represents a 25.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders acquired 11,433 shares of company stock valued at $624,360 and sold 58,673 shares valued at $3,269,110. 0.64% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in shares of Kodiak Gas Services by 67.5% in the first quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock valued at $382,000 after purchasing an additional 4,126 shares during the last quarter. AQR Capital Management LLC grew its holdings in Kodiak Gas Services by 64.9% in the 1st quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock valued at $793,000 after buying an additional 8,369 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Kodiak Gas Services by 44.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock valued at $1,000,000 after buying an additional 8,297 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Kodiak Gas Services by 58.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock worth $73,979,000 after acquiring an additional 730,180 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Kodiak Gas Services by 102.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock worth $3,548,000 after acquiring an additional 48,122 shares during the last quarter. 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.