Kodiak Gas Services (NYSE:KGS) Shares Up 8.4% – Here’s Why

Shares of Kodiak Gas Services, Inc. (NYSE:KGS) were up 8.4% during trading on Tuesday . The stock traded as high as $47.64 and last traded at $47.71. Approximately 1,052,568 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 910,198 shares. The stock had previously closed at $44.00.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Royal Bank of Canada raised their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Raymond James raised their price target on Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Barclays upped their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. The Goldman Sachs Group raised their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.36.

Kodiak Gas Services Price Performance

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 company has a market capitalization of $4.35 billion, a P/E ratio of 171.18 and a beta of 1.15. The firm’s fifty day moving average is $42.75 and its 200 day moving average is $34.29.

Insider Activity

In other news, insider Ewan William Hamilton sold 3,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total transaction of $121,350.00. Following the completion of the sale, the insider now directly owns 31,745 shares of the company’s stock, valued at approximately $1,284,085.25. The trade was a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Institutional Investors Weigh In On Kodiak Gas Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rhumbline Advisers grew its stake in Kodiak Gas Services by 53.2% in the 4th quarter. Rhumbline Advisers now owns 44,042 shares of the company’s stock worth $1,798,000 after acquiring an additional 15,285 shares in the last quarter. Augustine Asset Management Inc. grew its stake in Kodiak Gas Services by 1,761.2% in the fourth quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company’s stock worth $26,141,000 after purchasing an additional 605,844 shares in the last quarter. Kestra Private Wealth Services LLC increased its holdings in Kodiak Gas Services by 57.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 18,634 shares of the company’s stock worth $761,000 after purchasing an additional 6,818 shares during the period. Entropy Technologies LP bought a new stake in Kodiak Gas Services during the 4th quarter valued at $998,000. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Kodiak Gas Services by 1.6% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company’s stock worth $1,323,000 after buying an additional 500 shares during the period. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Company Profile

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.