Kodiak Gas Services (NYSE:KGS) Price Target Raised to $42.00

Kodiak Gas Services (NYSE:KGS) had its target price boosted by investment analysts at JPMorgan Chase & Co. from $34.00 to $42.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 3.86% from the company’s previous close.

A number of other equities research analysts have also recently commented on KGS. Citigroup started coverage on shares of Kodiak Gas Services in a report on Friday, September 27th. They issued a “buy” rating and a $35.00 target price for the company. Mizuho started coverage on shares of Kodiak Gas Services in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 price target on the stock. Barclays boosted their price target on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Bank of America started coverage on shares of Kodiak Gas Services in a research note on Wednesday, September 18th. They set a “buy” rating and a $30.00 price target on the stock. Finally, Truist Financial boosted their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.09.

Kodiak Gas Services Stock Performance

Shares of NYSE:KGS traded up $0.62 on Friday, reaching $40.44. The company’s stock had a trading volume of 516,713 shares, compared to its average volume of 535,939. The stock’s 50-day moving average is $33.22 and its two-hundred day moving average is $29.24. Kodiak Gas Services has a 52-week low of $17.50 and a 52-week high of $41.25. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The stock has a market capitalization of $3.54 billion, a P/E ratio of 139.45 and a beta of 0.79.

Insider Activity

In related news, insider Ewan William Hamilton sold 3,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 31,745 shares of the company’s stock, valued at approximately $1,284,085.25. This represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Hedge Funds Weigh In On Kodiak Gas Services

Large investors have recently bought and sold shares of the stock. Security National Bank purchased a new position in Kodiak Gas Services during the second quarter worth approximately $39,000. HWG Holdings LP acquired a new stake in shares of Kodiak Gas Services in the second quarter worth $40,000. nVerses Capital LLC increased its position in shares of Kodiak Gas Services by 90.9% in the second quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after acquiring an additional 1,000 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Kodiak Gas Services in the third quarter worth $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Kodiak Gas Services by 115.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company’s stock worth $155,000 after acquiring an additional 3,045 shares in the last quarter. Hedge funds and other 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.