Kodiak Gas Services (NYSE:KGS) Price Target Raised to $35.00

Kodiak Gas Services (NYSE:KGS) had its price objective hoisted by equities research analysts at Stifel Nicolaus from $31.00 to $35.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 34.10% from the stock’s current price.

A number of other analysts also recently commented on KGS. Raymond James increased their price target on Kodiak Gas Services from $30.00 to $32.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. Truist Financial boosted their price target on shares of Kodiak Gas Services from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Royal Bank of Canada raised their price objective on shares of Kodiak Gas Services from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Finally, Barclays assumed coverage on shares of Kodiak Gas Services in a research note on Wednesday, July 17th. They issued an “equal weight” rating and a $29.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.00.

Kodiak Gas Services Trading Down 11.0 %

Shares of KGS stock opened at $26.10 on Wednesday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.76 and a current ratio of 1.11. The company has a market capitalization of $2.20 billion, a price-to-earnings ratio of 29.66 and a beta of 0.92. Kodiak Gas Services has a 52-week low of $16.72 and a 52-week high of $29.75. The company has a 50-day simple moving average of $27.22 and a two-hundred day simple moving average of $26.65.

Institutional Investors Weigh In On Kodiak Gas Services

A number of hedge funds and other institutional investors have recently bought and sold shares of KGS. Security National Bank purchased a new position in shares of Kodiak Gas Services in the second quarter valued at $39,000. PNC Financial Services Group Inc. bought a new stake in shares of Kodiak Gas Services during the fourth quarter valued at about $46,000. nVerses Capital LLC lifted its holdings 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 buying an additional 1,000 shares in the last quarter. Parallel Advisors LLC bought a new position in shares of Kodiak Gas Services in the fourth quarter valued at approximately $60,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Kodiak Gas Services in the fourth quarter valued at approximately $127,000. Institutional investors 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.