The Goldman Sachs Group Issues Positive Forecast for Kodiak Gas Services (NYSE:KGS) Stock Price

Kodiak Gas Services (NYSE:KGS) had its target price increased by analysts at The Goldman Sachs Group from $32.00 to $44.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 10.50% from the stock’s current price.

A number of other research analysts also recently commented on the stock. Raymond James boosted their price objective on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Bank of America assumed coverage on shares of Kodiak Gas Services in a research report on Wednesday, September 18th. They set a “buy” rating and a $30.00 price objective on the stock. Royal Bank of Canada boosted their target price on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Citigroup assumed coverage on shares of Kodiak Gas Services in a research report on Friday, September 27th. They issued a “buy” rating and a $35.00 target price for the company. Finally, Redburn Atlantic assumed coverage on shares of Kodiak Gas Services in a research report on Thursday, September 19th. They issued a “buy” rating and a $35.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $35.82.

Kodiak Gas Services Stock Performance

Kodiak Gas Services stock opened at $39.82 on Tuesday. The firm’s 50 day simple moving average is $32.79 and its 200-day simple moving average is $29.10. The company has a market cap of $3.49 billion, a P/E ratio of 137.53 and a beta of 0.79. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. Kodiak Gas Services has a fifty-two week low of $17.50 and a fifty-two week high of $41.25.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total value 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 $1,284,085.25. This represents a 8.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.18% of the company’s stock.

Institutional Trading of Kodiak Gas Services

A number of hedge funds have recently bought and sold shares of KGS. Security National Bank bought a new position in shares of Kodiak Gas Services during the 2nd quarter worth about $39,000. HWG Holdings LP bought a new position in shares of Kodiak Gas Services during the 2nd quarter worth about $40,000. nVerses Capital LLC lifted its holdings in shares of Kodiak Gas Services by 90.9% during the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after acquiring an additional 1,000 shares during the period. SG Americas Securities LLC bought a new position in shares of Kodiak Gas Services during the 3rd quarter worth about $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Kodiak Gas Services by 115.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company’s stock worth $155,000 after purchasing an additional 3,045 shares in the last quarter. 24.95% of the stock is owned by 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.